Points to Remember When Using a Tax Preparation Service
Many business owners are not accountants and bookkeepers. That is why hiring a professional usually comes as a need when it’s time to file text returns. But as per IRS advice, any company who hires a professional to file income tax returns should be careful in choosing. Although you are merely hiring a professional to prepare your returns, whatever is on it will be under your obligation.
How to Find a Good Tax Preparer
CHOOSE A PREPARER WITH A PTIN
All tax preparers are demanded by the government to acquire a preparer tax identification number. To make sure you get a preparer that is recognized by the government, then you need to do a checking on the person’s PTIN. It is also necessary for you to find out if the preparer is a member of any well-recognized and registered organization of tax prepapers. A preparer that engages in continuous study in related area can also be deemed a good pick.
CHECK THE BACKGROUND OF THE PREPARER
You can check with the Better Business Bureau if the tax preparer that you are looking to employ for your company has a good record and reputation. The BBB will provide you information about the history of the preparer and will ultimately give you an idea if he is worth hiring. You will find from the Better Business Bureau website the history of the preparer, how long he has been in the work, a record of complaints filed by previous clients, the organization’s rating to him and a lot more.
FIND OUT THE COST OF HIRING A TAX PREPARER
If you are fully decided to employ the services of a professional tax preparer, then you need to consider the fact that this is going to be another cost and expense for your company. If now is the time that your business is cutting on costs, then you need to find a way to make sure you get a professional tax preparer whom your funds can afford. This does not mean though that you are going to choose a low quality tax preparer. The idea here is that you can actually acquire high quality services from quality people without the need to pay high.
If you are the owner of the company and you are not trained and licensed to prepare tax returns, you would rather hire a person who is. You are not going to be in trouble with the IRS if you choose the right preparer.