According to statistics, there are over 51,259 Tax professionals in America.
As a business owner, you have a lot on your plate. You probably don’t have time to research and compare different tax professionals, so you’re not sure who to trust.
Choosing the wrong tax professional can be costly and could even lead to an audit.
But don’t worry. Keep reading and use our pro tips to choose the right tax professional for your business. We’ve done the research for you and compiled a list of the best tax professionals in the industry.
1. Make Sure They’re Licensed and Insured
This may seem like a no-brainer, but you’d be surprised how many people try to save money by working with unlicensed tax professionals. Not only is this illegal, but it also puts your business at risk if something goes wrong.
Be sure to ask for proof of license and insurance before you work with any tax professional.
2. Check Their Qualifications
In addition to being licensed and insured, your tax professional should also have the proper qualifications for the job. This includes education and experience in taxation, as well as knowledge of the latest tax laws.
Ask about their qualifications and be sure to check references before making your final decision on what tax solutions to pick.
3. See if They’re a Good Fit for Your Business
Not all tax professionals are a good fit for every business. When choosing a tax professional, be sure to interview them to see if they’re a good match for your company.
Ask about their experience working with businesses like yours, their approach to taxation, and their overall philosophy.
This will help you make sure you’re working with someone who understands your business and can provide the best possible service.
4. Review Their Fees
Fees are always an important consideration when choosing any type of professional. However, they’re especially important when it comes to tax professionals.
Be sure to ask about all fees upfront, including hourly rates, retainer fees, and other costs associated with the services you’re requesting. Get everything in writing so there are no surprises later on.
5. Ask About Their Experience
When it comes to taxes, experience matters. Be sure to ask your tax professional about their experience dealing with businesses in your industry, as well as their overall approach to taxation.
This will help you gauge their knowledge and expertise, and ensure they’re up to date on the latest tax laws.
6. See if They Offer Other Services
Many tax professionals offer additional services beyond preparing and filing taxes. These can include bookkeeping, financial planning, and business consulting.
If you’re looking for a one-stop-shop, be sure to ask about these services before making your final decision.
7. Get Everything in Writing
Once you’ve chosen a tax professional like wealthability.com, be sure to get everything in writing. This includes a detailed proposal outlining the services to be provided, as well as the fees and payment schedule.
Having everything in writing will help ensure there are no surprises down the road.
Find the Right Tax Professionals for You
As a business owner, it’s important to make sure you are working with the right tax professionals. The seven tips we outlined in this article should help you choose the best professional for your specific needs.
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