Tips for Choosing a Tax Preparer
Hiring a tax preparer is an important decision as it will help you save more money in the long run and avoid issues with IRS. The following are some things that you should consider when choosing a tax preparer for your business.
Whatever your business needs are, your tax professional should have a valid Preparer Tax Identification Number (PTIN). Any one preparing tax returns should have a PTIN, hence, you will know that you are dealing with the right person like bill s sefton for your business needs. Also, pay attention to their certifications and make sure that they are holding the right certificates that qualify them to be tax preparers. CPA is an important certification when it comes to choosing a tax preparer for your business and ensure that they have major in tax preparation and they are licensed by your state. If you are considering a tax attorney, ensure that they have a special tax law degree or a tax specialization certificate.
You can locate good tax preparers by getting recommendations from other small businesses, attorneys or friends who have used their services. If you are looking for a tax preparer that is a CPA, you can check for recommendations in CPA societies. Also you can get names of tax preparers in sources like newspapers and trade journals.
Find out about the experience of the professional in tax preparation before hiring their services. Find out the number of business returns the tax preparer of your choice can handle yearly. A good tax preparer should be handling at least 100 returns yearly. Besides, it would be a great choice if they have worked with other businesses that are similar to as they will use their know-how of the industry to meet your needs. Besides, the tax laws keep changing; hence an experienced professional like william s sefton will be familiar with the current tax codes in order to handle your returns effectively.
Availability of the tax preparer is another crucial factor to consider when making your decision. This will help you weed out firms that close after April 15 and only open during the tax season. They should therefore be available year round to help you with any tax return issues or represent you when IRS calls.
Know what services you need and compare with those that the tax preparer offers you. Some other services offered by tax preparers include, auditing, tax planning, and representing you when IRS calls.
Compare their fees and methods of payment and choose the one that suits your business best. Different tax preparers charge varying fees depending on how complex the situation at hand is. You may be charged at a flat rate basis or by hours, thus, find out how they bill their services and select the one that is most suitable for you.
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