Tips for Choosing a Tax Preparer
Hiring the right tax professional for your business is crucial; however finding the right one can be overwhelming. Here are some tips for choosing the best tax preparer to meet your business needs.
The first and most important thing is to ensure that the tax preparer has a Preparer Tax Identification Number (PTIN). If your tax preparer does not have a current PTIN, you are unlikely to get an excellent tax work. 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. 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. 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.
Just like any other professional, it is important that the tax prepare you choose has the extensive experience. You can gauge their level of experience by inquiring how many tax returns they are able to handle yearly. A good tax preparer should be handling at least 100 returns yearly. 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. Some firms are not available year round but only during the tax season. They should be easily reachable in case IRS requires some answers about your tax returns or when some amendments needs to be done.
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.