Even the smallest business owner faces serious tax responsibilities. Even if you feel confident in your knowledge of tax law, it’s often worthwhile to hire a professional when time and experience make all the difference. When you hire a tax professional, they can help you minimize your tax liability and help prevent any audit risks.
Here are the advantages of hiring a tax professional:
Best Practices for Hiring Tax Professionals
Some tax preparers advertise on the Internet, especially if they serve clients across the country. Make sure that any professional you consider hiring is properly certified and has met state requirements for licensure. Find out whether your state imposes continuing education requirements. A licensed tax preparer will have studied these rules and kept up with them by attending classes or workshops.
Verify Education and Experience
Many small business owners think they can cut corners by hiring someone who doesn’t have an advanced degree or certification; however, this is dangerous thinking. While it’s true that all Certified Public Accountants (CPAs) must meet certain requirements before receiving their designation, higher degrees indicate years of study and increased expertise. So, generally speaking, the more education your CPA has received, the better they’ll be able to serve you.
Verify Scope of Services Offered
Before hiring a tax professional in Marietta GA, it’s important to ensure that they’re familiar with your particular situation. Credentials can vary from state to state and even from firm to firm, so your prospective candidates must be versed in the specific area that involves your taxes. Ask them about their education and experience within this field, as well as how many clients like you they’ve helped before.
The benefits of hiring a tax professional are numerous. When you hire a qualified and experienced CPA, they can help to minimize your tax liability and prevent audit risks. Plus, by ensuring that the person you’re interviewing is credentialed in the field related to your taxes and has experience working with clients like yourself before, it’s much more likely that they’ll be able to provide high-quality service for you as well.
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