‘He didn’t seem very alert’: Our new CPA said we owe a $443 tax refund, but we’re actually due $637. Do we fire him?

This headline highlights a significant discrepancy in tax refund calculations by a new CPA, suggesting potential incompetence or carelessness. A $194 difference on a refund of that size is substantial for an individual. This situation underscores the critical importance of due diligence when hiring financial professionals and independently verifying their work. Investors should be alert to red flags from advisors, as errors can lead to financial losses or IRS issues. The key takeaway is the need for trust, accuracy, and strong financial acumen in a CPA.