When should you seek the advice of a Tax Professional?

Question

Do you feel that QuickBooks tutors should be giving tax advice?

I am often asked to give advice on tax related questions, or they will ask how to make a certain entry that affects how taxes are reported. I promptly advise them to speak with their tax professional.

Wyzant is not the platform for these types of questions, it is strictly a teaching platform. What are your thoughts on this subject?

Answer 1

Hi. I am both a CPA tax professional and a QuickBooks ("QB") ProAdvisor. I agree with you that they are related but separate fields. It would be like the electrician giving plumbing advice, just because they both work on systems of a home. QB is in line with financial accounting principles; tax preparation is based on taxation law. So, you should keep saying what you're saying, unless/until you gain some tax preparation experience that you can confidently share with others.