When do we get a CPA?

[Clayton Bray]

Hey Good People! My wife has a profitable small business and we haven't bought a investment yet (soon). When do we need to get a CPA? Shes a bookkeeper and has a S-corp already but we pay too much in tax. Thanks for your insight! 

[John Teachout]

Paying too much in tax is a feeling that most of us have. A CPA can't magically make your taxes less, they can however find out if you're been paying taxes you don't need to. So whether you need a CPA depends a lot on whether you feel like plowing through all the tax stuff yourself or would rather have someone else do it. At this point, we have 15 rental properties, do Airbnb in our home, have a small business and don't utilize any outside financial help. That could change in the future. My advice to anyone whether you do your own taxes or utilize pros is "keep good records".