David Hersch, CPA

Partner, Armanino Advisory LLC

Pay attention to details and don’t be afraid to ask questions.

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Bio

Meet David*

David has more than 10 years of tax and accounting experience. He focuses on serving the specialized needs of clients in the mortgage pool and real estate sectors, and he has deep expertise in pass-through entities and individual taxation.

David is a a licensed CPA, a member of the California Society of CPAs and the American Institute of CPAs. He earned a BA in business economics from the University of California, Santa Barbara.

*David holds his interest in the firm through DH Tax Services, PLLC

Contact David Hersch

Experience

Professional History

Associations

  • California Society of Certified Public Accountants
  • American Institute of Certified Public Accountants

Education

  • University of California, Santa Barbara

Experience

  • Kaufman & Seargeant, CPAs

Q&A

Q. What is it about the accounting or consulting profession that first drew your interest?
I took a basic bookkeeping class in college and something clicked. Debits, credits―everything just made sense. When I started working, tax interested me because it’s such a dynamic field. It is constantly being influenced by Congress and big businesses, and there are always new laws coming out and new things to learn.
Q. What was it that drew you to Armanino?
It’s an entrepreneurial firm with great growth potential. I’ve always wanted to be a partner and achieve the highest level of success in the profession, and I saw that opportunity at Armanino. I also knew that the firm was ranked as one of the nation’s best accounting firms and one of the Bay Area’s best places to work.
Q. Make a prediction: Describe your vision of the future of the general business environment in the industries/areas you serve.
Real estate has come storming back from the recession, and I think the industry will be stable and continue to grow. Bay Area housing prices and rents will stay strong, and developers will continue to buy land and put up new properties. On the mortgage side, I think the Fed may raise interest rates in the near term, but the increases will be small and won’t have much impact.
Q. Without naming names, tell us about your favorite client and why you enjoyed working with them.
There is one long-time real estate client that I particularly enjoy working with. We have an ongoing dialogue, and we’re able to service them in many ways―not just filing tax returns, but also doing consulting and taking more of a strategic role. They communicate very honestly with us, and vice versa. Their firm has grown along with ours, and it’s been a great relationship.
Q. Describe your work style.
I’m fast-paced but detail-oriented, and I’m extremely responsive to my clients. I answer the phone when they call, and if they email me, they’ll get a reply within minutes. Internally, I love to work with staff and give them feedback to help them grow and succeed in their careers.
Q. Who is (or was) the most influential person in your life
My mother. My parents divorced when I was very young, and the rest of our family is back East, so it was just my mom and me here in California. She raised me and taught me to be the person that I am today.
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Industries Served
David's Thought Leadership
Blog articles
Article
Developers and others with carried interests in real estate projects should proceed with caution to minimize their tax ...