What are the things to know about Phoenix Arizona tax advisory?
Choosing a tax accountant is an important decision because you want someone who not only can help you save money and stay out of trouble with the IRS but also can provide you with useful information. You, as taxpayers, are ultimately responsible for ensuring the accuracy of your tax returns, no matter who prepares them. There are many types of tax advisors, including accountants, attorneys, enrolled agents, and many others with no valid credentials. Tax preparation is very critical for filing your taxes correctly.
The majority of tax return preparers, like Phoenix, Arizona tax advisory, provide professional and outstanding tax services. Taxpayers can, unfortunately, become victims of scams if they choose the wrong tax return preparer.
Make sure to check out the following before choosing a tax advisor:
- Consider a tax advisory firm that offers services year-round so that the tax accountant can be contacted after tax season if you have questions about the return.
- Know what kind of clients the tax advisor works with. Make sure your accountant has an understanding of your type of business. You should hire an accountant who is familiar with your industry and has worked with other businesses like yours.
- Make sure the preparer has an IRS Preparer Tax Identification Number (PTIN). In order to file a tax return, a paid tax return preparer must register with the IRS, collect a PTIN, and include it with the return.
- Referrals from colleagues and friends are one of the best ways to find an excellent tax accountant. Review their past work and history for insight into their performance and business practices.
- Find out if the advisor holds any licenses or designations. Certified public accountants (CPA), enrolled agents (EA), and registered accounting practitioners (RAP) are some of these.
- Check out how responsive they are before you place your finances in their hands, only to discover that they are unreliable or do not respond quickly, especially when you are in urgent need. You should inquire about their turnaround time for reporting and filing. Contact their references to find out their response time.
- Ask about the costs and service fees. Avoid advisors who charge a percentage of their clients’ refunds and be wary of preparers who claim to deliver bigger refunds.
- You should find out if your tax advisor will electronically file your return since it is faster and more accurate. Tax advisors with more than ten clients must use electronic filing.
