I use a financial advisor with experience in recovering failing small businesses and with IRS audits. He screens all financials before they go to the CPA. He also advises on owner salaries, shareholder distributions, loans, etc.; most CPAs don’t have that experience. He helps us avoid running into audit triggers.
To be really honest, I can also be honest with my financial advisor with information that I cannot share with the CPA or with information that the CPA could not advise on.
That’s excellent advice. The main point I wanted to convey was not rely on TurboTax.
Wow - never thought of that advice so thank you very much. Now how to find someone like that nearby?