Small business owners are often busy speaking with suppliers, making deals with clients, and managing their employees. Many of them struggle to find time to handle important tasks such as preparing their taxes. If you've run into that problem as well, remember that you can always hire a tax accountant. Follow the tips detailed here so you can hire the right person for that job.
According to Capital Counselor, about 67% of small business owners are very satisfied with their tax accountants. If you aren't satisfied with yours, chances are there are other small business owners in your area who entrust their taxes to professionals. You can turn to your professional network to find high-quality accountants with great testimonials. Local business organizations may also be able to point you in the direction of a good tax accountant.
Some accountants advertise their services on social media. Before you contact those accountants, go and see what people have to say about them. Even if they filter the reviews they post, you may still find some comments that hint at the quality of their work.
If you want an expert to handle your taxes, then you should probably look for a certified public accountant (CPA). The candidate in question should also have a Preparer Tax Identification Number (PTIN). Those are the most important qualifications that a tax accountant must possess.
Confirming that your accountant possesses those qualifications is easier these days thanks to the availability of online directories. You can use CPAverify.org to check if your candidate is a licensed CPA. Meanwhile, the Directory of Federal Tax Return Preparers With Credentials and Select Qualifications is the online tool you want to use to check a particular accountant's PTIN.
Lastly, you want a tax accountant that will stand by their work. If there's an issue that pops up related to your tax returns, you want your accountant to step up to the plate and respond to any queries made by the IRS. They should be accountable for the tax returns they prepared and not leave you to fend for yourself. Accountants that will do this are out there so don't stop searching until you find one.
Working with the right
tax accountant can make a huge difference. Hopefully, the tips detailed here will lead you to the tax professional best suited to handle your business's finances. You can also reach out to Van Valkenburg & Associates, CPA if you're looking for experienced local tax professionals.
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