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. This article will guide you in selecting the right tax preparer such as bill sefton for your small business.
When seeking for a tax prepare, the first thing is to ensure that they have a valid Preparer Tax Identification Number (PTIN). Ensuring that the tax preparer you are considering has a valid PTIN will give you peace of mind knowing that you are hiring the right professional for your business. 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.
One of the ways to help you choose the right tax professional for your business is by getting recommendations from other business, business associates or your attorney. 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. 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. 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 therefore be available year round to help you with any tax return issues or represent you when IRS calls.
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.
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.