Things to Consider When Choosing Your Next Tax PreparerBrian Jang ON May 13, 2016
Need your taxes done but don’t want to be stuck doing them yourself? We don’t blame you. The constant changes in tax law can make the processing of tax returns demanding for anyone, from ordinary taxpayers to business owners. That’s why you need a tax preparer who knows how to get the job done right and perhaps even help you get a decent refund. Here are some tips on how to choose the best tax return preparer.
Meet your needs
Not all tax returns are created equal. So, it’s important to choose an accountant who can help you meet your own unique set of circumstances. Do you have investments? Are you self-employed? Do you own a rental property? Whatever your situation, a professional accountant will provide you with the best tax advice, and create a sound tax strategy.
Check qualifications and credentials
This may seem like a no-brainer, but make sure your tax preparer is licensed and insured. They should also have a valid business number and an E-file number. If, for whatever reason, you are slapped with a penalty due to their negligence or mistake, you won’t be held responsible. Taking the time to research your candidate’s qualifications and credentials can save you some serious headaches down the road.
Choose a tax preparer who is available
Another crucial factor when looking for the right tax preparer is having someone available to you when you need them. When it comes to taxes, you never know what surprises are waiting around the corner. Whether it is before, during, or after tax season, you want to make sure you have an accountant who is there for you every step of the way.
Look for red flags
As with any job, there are going to be a few bad apples in the bunch. Therefore, it is always a good idea to keep an eye out for red flags when choosing a tax preparer. For example, if a tax preparer promises high tax returns, directs a refund toward themselves, or asks you to sign a blank return, do yourself a favour and walk away. The last thing anyone wants is to be taken for a ride by a dishonest accountant.
Don’t leave anything to chance. Working with a reputable, reliable, and professional tax preparer will help ensure the success of your business and give you peace of mind.
Contact BCJ Group, Chartered Professional Accountants for a free consultation today!
- Why You Should Hire a Bookkeeper for Your Business
- Valuable Accounting Tips for Business Owners
- Are You Getting the Right Level of Accounting Support?
- Top 10 Payroll Questions Answered
- Medical Expenses You May Be Missing