In reading another thread, I read several of comments about not taking on cases that you are not capable of handling.
So my question is this...when do you know if you are capable?
In my simplest example, were any of us ready to prepare our first tax return? What about the first one with EIC? What about the first FBAR? There are always new forms, new challenges, etc. So how do you determine if you are ready to take on a new client with a new situation? How do you determine when to tell an old client that they are too complex?