Launching Without Tax Expertise

It is possible to launch an accounting firm without specializing in tax, as there are diverse types of accounting firms tailored to various niches. Many professionals come from more rigid backgrounds, such as audit or IT consulting, yet mistakenly think they need to acquire tax expertise before starting their own practice. The focus should instead be on leveraging existing skills and knowledge to address specific problems for clients, as individuals often overlook the unique capabilities they already possess. By identifying and honing in on these skills, one can differentiate themselves from traditional firms and attract higher-paying clientele who value specialized expertise.