Are you overwhelmed by tax season? You’re not alone! With 81,650 tax preparers employed across the US, according to the Bureau of Labor Statistics, you may wonder how to find the right one for your business.
But how do you know which tax professional near you will truly understand your needs? In this guide, you'll explore key tips to help business owners like you find the ideal local tax professional.
What Are the Best Tips to Find a Local Tax Professional for Your Business?
Finding the right tax person is essential for your business. Not only can a good tax preparer near you help with your tax return, but they can also ensure that your business is compliant with the IRS and other tax filing requirements.
Start by asking for referrals from other business owners or checking the IRS Preparer Tax Identification Number (PTIN) database. You can also explore professionals in your area through the Better Business Bureau (BBB). Look for someone with experience in your industry and who can handle the complexity of your tax situation.
What Should You Look for in a Tax Professional Near You?
When looking for a tax professional, there are a few key factors you need to consider:
- Credentials: Make sure they hold the appropriate qualifications, such as CPA (Certified Public Accountant), Enrolled Agent, or are part of the Annual Filing Season Program. These certifications show that the preparer is credentialed and has completed the necessary continuing education requirements.
- Experience: Choose someone who understands your industry. The complexity of your return may require specialized knowledge of certain deductions or federal tax elections.
- Year-Round Availability: You want a tax preparer who is available beyond tax season to assist with long-term financial planning and any issues with the IRS.
Further Reading: Know what to look for in a professional tax preparer
How Do You Verify the Credentials of a Local Tax Preparer?
Before hiring a tax professional, it’s crucial to verify their credentials:
- Check the IRS PTIN Database: Ensure your tax preparer has a valid PTIN number, which is required for anyone who gets paid to prepare federal income tax returns.
- Verify with State Boards or Professional Associations: If they are a CPA, contact your state’s board of accountancy. You can also verify enrolled agents through the IRS or check for attorneys through the state bar.
- Research Online Reviews: Look up reviews on the Better Business Bureau (BBB) to check the preparer’s reputation and client feedback. Any red flag—such as asking you to sign a blank tax return—should be taken seriously.
Should You Interview a Tax Person Before Hiring Them?
Absolutely. An interview helps you ensure the tax preparer is the right fit. Ask questions like:
- What’s your experience with business tax returns? This will help you gauge their expertise and how well they can handle your specific tax situation.
- Do you offer e-filing? Make sure they can file electronically to speed up your refund and reduce errors.
- What’s your fee structure? Some charge a set fee for each form, while others may bill by the hour. Avoid preparers who base their fee on a percentage of your refund, as this could be a red flag.
- What’s your policy on audit representation? Ensure the preparer will represent you in case of an IRS audit or inquiry.
These steps will help you find a tax professional who is competent, trustworthy, and well-suited to your business needs.
Further Reading: Learn about ghost tax preparers
What Services Should a Tax Professional Offer to Business Owners?
A great tax professional does more than just handle your tax return. They offer a range of services that can simplify your financial life. Here’s what you should look for:
1. Bookkeeping and Accounting Support
Staying on top of your account is key to avoiding problems later. A skilled tax professional will offer bookkeeping services, ensuring your bank accounts, expenses, and W-2 forms are all in order for the tax year. This ongoing support helps keep your business finances organized and reduces the chances of mistakes that could complicate things at tax time.
2. Tax Planning Strategies
Your tax professional should help you with tax planning beyond basic tax filing. They will advise you on ways to minimize your taxpayer burden, from how to best utilize deductions to strategies that might help you qualify for additional tax credits. Their advice can help you get the most out of every tax year, especially as tax laws change.
3. Audit Assistance
If the IRS comes knocking, your tax provider should have your back. You don’t want someone who just files and disappears—they need to be there if you’re audited. They should assist you with collecting the right documents (like your social security number and account number) and represent you in front of the IRS. Also, a trustworthy tax preparer would never ask you to sign a blank tax return—that’s a major red flag and a breach of professional ethics.
4. E-File and Filing Support
The ability to e-file your tax returns is a must. Your preparer should offer this service to ensure a faster refund and safer processing of sensitive information. Whether it's handling W-2 forms or business deductions, the option to e-file ensures accuracy and speed.
When finding the best tax professional for your business, make sure they offer these essential services and have the right credentials and experience to handle your specific needs.
Further Reading: Discover what to look for in a good tax professional
How Taxfyle Can Help You Find a Local Tax Professional
Looking for a trustworthy local tax professional? Taxfyle simplifies the process by connecting you with credentialed preparers who complete your tax needs efficiently. You’ll never have to worry about being asked to sign a blank tax return, as all professionals on the platform meet strict credentials and select qualifications. With just a click, you'll be matched with a licensed CPA or EA, taking the guesswork out of finding help.
Key Takeaways
- Referrals: You may also ask for recommendations from friends, business associates, or volunteer organizations.
- Online Directories: Use online platforms and advertising to find local professionals and get the opinion you need to know.
- Consultations: Schedule consultations to ensure the tax professional fits your needs.
How can Taxfyle help?
Finding an accountant to file taxes is a big decision. Luckily, you don't have to handle the search on your own.
At Taxfyle, we connect you with licensed, experienced CPAs or EAs in the US. We handle the hard part of finding the right tax professional by matching you with a Pro who has the right experience to meet your unique needs and will file your file taxes for you.
