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. The following are some things that you should consider when choosing a tax preparer for your business.
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. 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. 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. Before you make any hiring decision, get to know how many business returns the tax preparer does in a year. The prepare should be handling a total of 100 returns at least in an year or more depending how complicated a single return is. 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. 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.
Availability of the tax preparer is another crucial factor to consider when making your 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. Make sure that the tax preparer you choose such as bill sefton chicago is able to offer the services you need such as audit services, tax planning, and adjustments of tax payments.
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. Also, the method of billing varies because some charge by hour while others charge for their services on a flat rate.