By Evan Vitale
In our final blog post on Finding A Tax Preparer, here are some questions you can use during your own searching process. The answers you receive will help you in finding the right fit for your business.
- Ask your tax preparer if they have any experience in your industry? Tax laws are different and specific for different businesses, so your tax preparer should be familiar with the tax laws that impact you and your firm.
- Who will be working on your returns? Sometimes, medium and larger firms have staff or associates repair the returns. If so, what is their level of expertise?
- What is the firm’s tax return review process? Will your returned be reviewed for accuracy, but will it also be reviewed for missed opportunities in helping you to reduce your taxes?
- Will your tax preparer look at your past returns? If so, what will they do (or recommend) in having something different done with your current returns? Most tax preparers can suggest a least one idea of something that could have been done (and can be done) to help reduce your taxes.
- How much can your tax preparer save you in taxes? It will be difficult to give an accurate, on-the-spot answer, but they should have a general idea after spending some time discussing your business; your financials, and looking at past returns.
- What are the deadlines that you need to meet in order to get the proper paperwork and information to your tax preparer? Can you, as the business owner, meet this deadline?
- Are there any tax law changes that you should be made aware of? Your tax preparer should be on top of current changes and any upcoming changes that could impact your taxes.
Be selective! And feel 100% comfortable with the tax preparer that you choose for your business. Finding the right tax preparer can make a big difference!