With tax season coming up, the VSCPA is touching base with its tax practitioners to determine what makes them tick and what they’d like to see change in the tax field. Our latest spotlight is Nick Preusch, CPA, tax manager at PBMares in Fredericksburg.
VSCPA: What made you decide to specialize in tax?
Nick Preusch: When I was a kid, I really liked the book The Firm by John Grisham. It revolved around a small boutique firm that specialized in accounting and tax law. That made me interested in tax law, so when I got to college I decided to major in accounting. Little did I know that being an accountant in real life would be just like a mix of The Firm and the movie “The Accountant.”
VSCPA: How much did you know about busy season when you made that decision?
NP: I had no idea what busy season was when I decided to get into tax! For some reason, none of my professors ever mentioned it in class.
VSCPA: What’s been the biggest change in tax since you started your career?
NP: The Loving v. IRS case where the courts decided the IRS could not register all tax preparers and could not have tax preparation fall under Circular 230. Had the preparer regulation stood, you would see a lot less unenrolled preparers right now and the IRS’ Office of Professional Responsibility would have the ability to take away a practitioner’s ability to prepare tax returns.
VSCPA: What are your top three ways to stay sane during busy season?
NP: My best techniques are:
- Watch movies with my wife and daughter
- Read comic books
- Go to the gym (usually at 2 or 3 a.m. so I can get to the office by 5)
VSCPA: What’s your favorite part about being a tax professional?
NP: My favorite part is helping clients. Just this past week, a client received a Tax Court settlement where the IRS was trying to assess $150,000 of additional tax and penalties and I got that amount reduced to $0, making the client very happy!