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). If your tax preparer does not have a current PTIN, you are unlikely to get an excellent tax work. The other tip is to check what kind of certifications they hold as this will determine the quality of work you will receive. For CPAs, it is crucial that they are licensed and regulated by the state’s board of accountancy. If you are considering a tax attorney, ensure that they have a special tax law degree or a tax specialization certificate.
Word-of-mouth especially from other businesses is a great tool when you are seeking for tax preparation services for your business. Professional association such as the CPA society are also great sources for finding reputable tax preparers. Also you can get names of tax preparers in sources like newspapers and trade journals.
Just like any other professional, it is important that the tax prepare you choose has the extensive experience. Find out the number of business returns the tax preparer of your choice can handle yearly. The prepare should be handling a total of 100 returns at least in an year or more depending how complicated a single return is. You want to make sure that your tax preparer has worked with other businesses similar to yours as they will be in a better position to meet your business 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.
Check the availability of the tax preparer before making any informed decision. This is crucial because there are professional who are only available before April 15 and open during the following 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.
The tax preparation fees should also be considered when selecting a professional to handle your tax returns. Different tax preparers charge varying fees depending on how complex the situation at hand is. Also, the method of billing varies because some charge by hour while others charge for their services on a flat rate.