Tips for Choosing a Tax Preparer
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.
The first and most important thing is to ensure that the tax preparer has a 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. The other thing to consider when choosing a tax preparer for your small business is their certifications. 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.
You can locate good tax preparers by getting recommendations from other small businesses, attorneys or friends who have used their services. Professional association such as the CPA society are also great sources for finding reputable tax preparers. Besides, newspapers, trade journals, and directories may contain important information to help you with your search.
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. Besides, it would be a great choice if they have worked with other businesses that are similar to as they will use their know-how of the industry to meet your 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 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.
Take your time to get to know their services before making your decision. Some other services offered by tax preparers include, auditing, tax planning, and representing you when IRS calls.
Finally, consider the fees of the services and ensure that it goes well with your budgetary needs. 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.