I am looking for someone to run some various tax analysis and projections based on different future scenarios - kind of a Long Range Plan. What I typically see is a tax advisor or CPA that will file your taxes and give you strategies for right now scenarios but I'm looking for someone to run more of an "if - then" analysis (I have a CPA that will provide advice and file taxes - not looking for that). For example, if you quit your W-2 job then you need to make X amount of gross income (rentals, flips, etc) to have the same NET effect on your finances assuming certain tax deductions. Does such a person / service exit? Does not necessarily have to be a CPA but someone that knows the tax laws for real estate investors really well.
Thanks for your insight!
Yes, most tax practices can run the type of projections you describe. However -- just to set expectations, you could spend quite a bit on professional fees running projections. Most CPAs/EAs will bill hourly for this type of work and bill rates will be in the hundreds of dollars per hour.
Your tax advisor should be able to guide you through what's worth professional analysis and what juice just isn't worth the squeeze.
I'm surprised your current CPA is not the one you're asking for this analysis. Any competent real estate accountant can do it, and there're over 20 of us on this forum alone. However, engaging an expert for just this project is going to be expensive, as @Eamonn McElroy warned, and some accountants (me, for example) won't be interested regardless.
Another group of people who would agree to do this eagerly and possibly cheaply are financial planners. Beware, however, that their primary interest is to steer you towards purchasing investments and insurance products from them, so they can make commissions. This includes even the so-called "fee-based" financial planners. Been there, done that.
What I suggest instead is either persuading your CPA to do it for you if he is capable and available - or upgrade to another accountant who can be more of a strategic advisor to you.
And one more thing, based on my 20+ years as a real estate accountant and a few of those years as a financial planner. In my personal opinion, there's rather limited value in these scenarios. Knowing how much after-expenses income you need to generate to replace your salary is the easy part. Actually generating this income is 100x harder. And starting a real estate business hoping to quickly generate some target $ figure is not something I would recommend.