Internal Tax Hire?

Only when our tax compliance and planning costs with outside advisors became greater than $400,000 annually. Because the complexities, and types of taxes: income, sales & use, property, state are such, that no single individual is really an expert on all of these areas. As such, using outside experts, in my case it has usually been a Big 4 or National CPA firm, has actually provided the best answer. Much of the compliance effort can be done very cost effectively, even sales taxes, by outside advisors. The real cost comes into play in the planning and how transactions will be taxed. As such, I have standing monthly meetings with my tax advisor. Also, since our tax advisor is usually different than my auditor (both are Big 4 firms) it also allows us to outsource the income tax provision work to our tax preparers as well.

The above said, I may have a dedicated staff/senior accountant that's works solely on compliance projects/issues to save on staff time from the outside advisors.

Good answer from anonymous