How to Select the Perfect Tax Preparer for Your Small Business
When it comes to hiring a tax preparer to handle your tax returns, you need to consider some factors in order to help you make an educated choice. Here are some tips for choosing the best tax preparer to meet your business needs.
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. For CPAs, it is crucial that they are licensed and regulated by the state’s board of accountancy. For a tax attorney, ensure that they have a tax specialization certificate from a states bar association.
Word-of-mouth especially from other businesses is a great tool when you are seeking for tax preparation services for your business. If you are looking for a tax preparer that is a CPA, you can check for recommendations in CPA societies. You can also for advertisements in journals and newspapers.
Find out about the experience of the professional in tax preparation before hiring their services. Before you make any hiring decision, get to know how many business returns the tax preparer does in a year. A good tax preparer should be handling at least 100 returns yearly. Make sure that they have also worked with other businesses that are in a similar industry to yours as they are more likely to understand your unique needs. Finally, with an experienced preparer, you won’t have to worry about the changing tax codes because they will be updated.
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. For any small business, tax issues may be unpredictable; hence, it is crucial that you do look for a preparer who will not shut their doors after the 15th of April.
Pay attention to the type of services that the bill sefton taxes preparer is going to offer 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. The fees charged mostly depends on the complexity of the tax return. 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.