Finding a Good Tax Professional
Summary
If you have not decided to hire a tax professional yet, I’m going to tell you how to do it. Of course, when you go to hire a tax professional, you need to know what type of professional you want. […]
If you have not decided to hire a tax professional yet, I’m going to tell you how to do it. Of course, when you go to hire a tax professional, you need to know what type of professional you want. There are several types of tax professionals and knowing the difference will help you choose the right one for your business.
One type of professional is a Certified Public Accountant (CPA). You can get these certified in as little as two years of experience, and this will mean that you know the types of tax laws very well. A CPA will know all the information needed to file taxes, pay off government bills, and much more.
The next type of professional is a Certified Public Accountant with Revenue Professional (CPA/R). This type of professional has a certain amount of experience, but not enough to get their license or certification from a professional organization. They also do not have a lot of knowledge of tax laws, but they do have a vast knowledge of financial matters.
Next type of professional is a Certified Public Accountant (CPA) with Tax Planning (CPAT). CPA/R’s know everything about taxes and can help with every aspect of tax filing. They can work with a consultant and help find the best tax deductions. Also, if a person wants a professional to work on planning their taxes, they can do that as well.
Finally, there are tax attorneys. These professionals deal with complex issues of tax law, and they specialize in this area. Some attorneys also work with IRS tax attorneys, to ensure that the taxpayer understands every rule of the IRS.
When you need to hire a professional, you need to make sure that you know the type of professional you want. Knowing all the different types of tax professionals will help you choose the right one for your business.
You need to be sure that the professional is licensed by your state. Most states have their own licensing requirements, and if a tax professional does not have a license, you will not be able to hire them to do business. Also, some states require that tax professionals must have their CPA/R certification, which means that they understand every tax rule and tax code.
You should also be aware that some tax professionals can not work with certain tax liabilities. If your liability is too high, or you cannot get the information you need to file taxes without a professional, you may have to hire a consultant or accountant. Just make sure that you are comfortable with the professional you hire.