Tips for Choosing a Tax Preparer
Hiring the right tax professional for your business is crucial; however finding the right one can be overwhelming. 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. 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.
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. Any good tax professional should do 100 returns yearly while there are those that do up to 500 depending on the difficulty of each return. 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. 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.
Another tip is to check the availability of the tax prepare before you decide to hire them. This will help you weed out firms that close after April 15 and only open 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.
Pay attention to the type of services that the bill sefton taxes preparer is going to offer you. Decide whether you will need other services such as tax planning and auditing in order to help you choose the right preparer for your business.
Finally, consider the fees of the services and ensure that it goes well with your budgetary needs. 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.