The How-Tos of Selecting the Right Tax Preparation Company According to the IRS
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 the IRS recommends companies to be cautious and wise in choosing and hiring a person to file their income tax returns. Even if you are only employing a person to prepare your return, your company will be legally liable and responsible for all data and information that appear in it.
How to Find a Good Tax Preparer
SELECT A PREPARE WITH PTIN
Tax preparers are usually need to get a preparer tax identification number of PTIN. If you ever have to invest some money in hiring this kind of person, then it is important that you make sure that person is having a 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. It also feels great to know that your tax preparer is attending education courses that are related to tax preparation.
SELECT A PREPARER THAT HAS A GOOD TRACK RECORD
In order to know if the preparer is a person that you can trust for the critical work your company has to meet, it is necessary for you to check the official website of the Better Business Bureau or BBB. 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 have no other choice but to employ the services of a tax preparer, then you need to prepare money for it. 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 truth of the matter is that you may be able to get a top quality service from a professional and reputed tax preparation service provider at a price that the funds of your business can afford.
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. Make sure you pick a good and reliable preparer to avoid getting in trouble with the IRS.