Absolutely, it’s one of the hallmarks of an established firm, putting the right people on your specific account. Being a CPA, especially for small business owners, means being proactive with your company’s finances and the specific challenges you face.
For instance, if you’re a realtor or own investment properties, then your CPA should immediately know what’s deductible vs what’s not. There’s a fine line between repairs and maintenance, and your accountant needs to know the difference for you to recoup expenses.
Meanwhile, you may think a dental practice needs to purchase affordable equipment, but it may be a better investment to get state-of-the-art equipment as a depreciable asset to increase your profit margins.
Consider your industry and select your CPA accordingly.