Tips for Choosing a Tax Preparer
Hiring the right tax professional for your business is crucial; however finding the right one can be overwhelming. This article will guide you in selecting the right tax preparer such as bill sefton for your small business.
Whatever your business needs are, your tax professional should have a valid Preparer Tax Identification Number (PTIN). Ensuring that the tax preparer you are considering has a valid PTIN will give you peace of mind knowing that you are hiring the right professional for your business. Also, pay attention to their certifications and make sure that they are holding the right certificates that qualify them to be tax preparers. The first type of a tax preparer is the certified public accountant (CPA) who should be regulated and licensed to operate in your state. For a tax attorney, ensure that they have a tax specialization certificate from a states bar association.
You can locate good tax preparers by getting recommendations from other small businesses, attorneys or friends who have used their services. A referral form a professional organization is also a great way to identify a reputable tax professional. Also you can get names of tax preparers in sources like newspapers and trade journals.
Experience is a key consideration when selecting a tax preparer for your small business. 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. Finally, with an experienced preparer, you won’t have to worry about the changing tax codes because they will be updated.
Another tip is to check the availability of the tax prepare before you decide to hire them. 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.
Compare their fees and methods of payment and choose the one that suits your business best. In most cases, the fees for preparing tax returns will depend on how complex the situation is. Also, the method of billing varies because some charge by hour while others charge for their services on a flat rate.