Tax Preparation - Tips on selecting a accounting firm
Tax preparation is something you think about from the start of a new year until the middle of April... or next October. Preparing your taxes is a time intensive and laborious exercise, and professional help can make the process smoother and possibly rewarding. A big name doesn't mean better service. In a study by the Government Accountability Office, returns done by the big chains were of suspect quality. "Nearly all of the returns prepared for us were incorrect to some degree." There's no national licensing, and only two states require tax pros to take a test. Licensed preparers are usually CPAs; they are tested and must meet ongoing education requirements.
Tax preparation - Five questions to ask a Tax Preparer
1. What are your qualifications? Are you state liscensed or a CPA? What are your credentials?
2. How many other clients will you be serving this year, and do you have a limit on how many you take?
Tax Preparation - Some things to look for
Is your tax preparer overly confident or cocky? You wouldn't want a tax preparer doing anything dubious in a dealing with the Fedral Goverment. Most tax preparers make most of their money off what they sell in addition to tax preparation. Are they more focused on upsells or add ons, or is all about your taxes? Complaints about tax preparation have grown in the last several years. But changes in tax laws are coming, and an expert opinion is your best bet to do your tax preparation right.