How To Choose The Right Tax Preparer
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Choosing the Right Tax Preparer: A Definitive Guide
Tax season can be a stressful time for individuals, small business owners, and freelancers alike. Choosing the right tax preparer is a critical decision that can save you time, money, and potential headaches. With the right professional by your side, you can ensure your taxes are filed accurately and efficiently while maximizing your deductions. But how do you pick the right person for the job?
This definitive guide will walk you through the process step by step.
Why Choosing the Right Tax Preparer Matters
Not all tax preparers are the same. The right choice can mean saving money, avoiding audits, and reducing stress during tax season. On the other hand, selecting an inexperienced or unreliable preparer can lead to costly errors or missed opportunities.
Your tax preparer will have access to your sensitive financial information, so it’s essential to make an informed decision.
Key Criteria for Selecting a Tax Preparer
When choosing a tax preparer, there are several factors to consider. These include qualifications, experience, and reputation.
Verify Credentials
Look for certified professionals such as a CPA (Certified Public Accountant), EA (Enrolled Agent), or tax attorney. These credentials ensure they have the necessary training and expertise to handle your taxes.
Atlantic Tax & Accounting is owned and operated by Roger Gingerich, CPA, MBA. He has provided tax, accounting, payroll, consulting and advisory services to individual and business clients since founding Atlantic Tax & Accounting in 2003. Roger is highly skilled in financial reporting, budgeting, cash management, process improvement, accounting system implementation and business management.
Evaluate Experience
Expertise matters, especially if your tax situation is complex. Small business owners and freelancers, for example, should choose a preparer with experience in handling business deductions and 1099 forms.
Check Reputation
Read online reviews, ask for referrals from peers, and view testimonials. A well-reputed preparer should have a track record of satisfied clients and successful filings.
You can read Atlantic Tax & Accounting’s Reviews on TrustIndex, Google, Facebook, and Yelp.
Understanding the Tax Preparer’s Fee Structure
Before committing to a tax preparer, ask about their fee structure.
Avoid Flat Fees Based on Refunds
Be cautious about preparers who calculate fees as a percentage of your refund. This is a red flag that could encourage unethical practices.
Compare Rates
While fees will vary, ensure the cost aligns with the level of service provided. Small business owners may pay more based on the complexity.
Transparency in pricing will help you avoid unpleasant surprises, and a reputable tax preparer can provide you with an estimate after reviewing your unique tax filing situation.
How to Verify Credentials and Track Record
Protect yourself by verifying the preparer’s credentials and track record.
Request Their PTIN
A valid tax preparer should have a Preparer Tax Identification Number (PTIN), as required by the IRS.
Check for Red Flags
Ensure there are no disciplinary actions or complaints filed against them. Use the IRS Directory of Federal Tax Return Preparers and other state licensing boards to check credentials.
Year-Round Support Matters
A reliable tax preparer is more than a seasonal service provider.
Post-Tax Season Assistance
Tax issues or audits can arise at any time. Choose a preparer who offers year-round support to help tackle any unexpected challenges.
Atlantic Tax & Accounting is offers tax services and bookkeeping all year round!
Proactive Tax Planning
A good preparer can help you strategize for the future, including estimated taxes for freelancers or small business owners.
Common Mistakes to Avoid
Even with all these tips, there are pitfalls you should steer clear of when selecting a tax preparer:
Falling for Big Refund Promises
Preparers who guarantee a large refund without analyzing your situation should cause concern.
Choosing Based on Price Alone
While affordability is important, the cheapest option might not always deliver the best service.
Atlantic Tax & Accounting works to get you the maximum refund, putting more money in your wallet. Save time and money when you work with us!
Neglecting Communication
Ensure the preparer is approachable and communicates clearly. Tax jargon can be confusing, so choose someone patient enough to explain.
Is your tax preparer available by phone, e-mail, and text? You will want to work with a tax team that can be reached even in the height of tax season.
Atlantic Tax & Accounting is open 7 days a week to help you get filed, and our team of tax pros can even help you file remotely! Our staff is available to answer any questions by phone, text, and e-mail to help support your tax preparation.
Benefits of Making an Informed Decision
Choosing the right tax preparer not only ensures peace of mind but also maximizes your tax return and minimizes your risks.
When you partner with an experienced, qualified preparer, you’ll know your taxes are in reliable hands.
Atlantic Tax & Accounting is Pompano Beach’s most trusted tax team since 2003! Experience the difference when you file your taxes this season.
Ready to file? We're ready to help!
Schedule a Free Tax Chat
Feeling overwhelmed? Don’t leave your taxes to chance.
Schedule a free, no-obligation tax chat with the friendly professionals at Atlantic Tax & Accounting.
Whether you’re a freelancer, small business owner, or individual taxpayer, their team can guide you every step of the way.