Tips To Find The Best Tax Consultant - PowerPoint PPT Presentation

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Tips To Find The Best Tax Consultant

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It’s extremely important to be vigilant when you are looking for an accountant that suits your need because you will be sharing all your personal information and financial data with them. Finance and accounting scams are on the rise and many tax preparers or accountants promise unusually high refunds or tax avoidance deals. That’s a red flag. You can look for a tax consultant who asks more questions about your long-term goals and financial dreams. Only a thorough diagnosis by a tax professional will lead to major tax savings. You can contact us for all your accounting needs. We would be happy to help your business. – PowerPoint PPT presentation

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Title: Tips To Find The Best Tax Consultant


1
Tips To Find The Best Tax Consultant
2
Tips To Find The Best Tax Consultant
  • Its extremely important to be vigilant when you
    are looking for an accountant that suits your
    need because you will be sharing all your
    personal information and financial data with
    them. Finance and accounting scams are on the
    rise and many tax preparers or accountants
    promise unusually high refunds or tax avoidance
    deals. Thats a red flag.
  • You can look for a tax consultant who asks more
    questions about your long-term goals and
    financial dreams. Only a thorough diagnosis by a
    tax professional will lead to major tax savings.
  • You can contact us for all your accounting needs.
    We would be happy to help your business.

3
Tips on finding the right CPA/ Accountant / Tax
preparer for you
  • Request for a Preparer Tax Identification Number
    (PTIN)
  • This is a first step in identifying a good tax
    consultant, most of them do not have that one. It
    will be okay to trust someone with a preparer tax
    identification number compared to just anyone out
    there. A PTIN is a prerequisite for every
    individual or firm who helps others prepare for
    their federal tax return especially when doing it
    for a reward from the client. However, anyone can
    request a PTIN online. But having a PTIN, is a
    step closer to hire one.

4
Tips on finding the right CPA/ Accountant / Tax
preparer for you
  • Request for a CPA, Law License or Enrolled Agent
    Designation
  • Since it is easy to get a PTIN, you can hire
    someone that has gone the extra miles to be a
    certified public accountant or a licensed
    attorney to handle your tax preparation services.
    These individuals go through vigorous training
    programs to be licensed. So that makes them more
    reliable compared to someone with no additional
    qualification. It is easy to verify their
    information through online research and state
    enlisted societies. Most states and IRS will have
    information for such personals in online
    directories.

5
Tips on finding the right CPA/ Accountant / Tax
preparer for you
  • Check Federal and State Eligibility
  • Some states require you to file state taxes as
    well, its important to have someone who is
    eligible in your state and understands the state
    specific guidelines. Example State of WA does
    not require State income tax filing however,
    State of CA has California state income taxes.
    Similarly, for corporates the payroll taxes will
    differ based on where you hire or where you are
    headquartered and many more federal plus state
    requirements. So, its important to have all the
    requirements in mind when you are looking to hire
    someone.

6
Tips on finding the right CPA/ Accountant / Tax
preparer for you
  • Ask if they will be your backup!
  • Agents with a PTIN can represent you as the IRS
    is looking onto your case. They might represent
    you on audits, payments and collection matters.
    Tax preparers with just a PTIN wont be able to
    represent you whereas agents with a CPA,
    attorneys and enrolled agents can fully represent
    you. This can guide you into deciding whom to
    hire for your tax return filing based on your
    requirement or need.
  • Above all, do not forget to ask for their
    availability. Even if they fit every criterion,
    if they are not available, it will be challenging
    for you and this might delay your tax return.

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