There are many reasons as to why you would want to hire a tax preparer, or a tax accountant full time too. But the real question you should be asking is, is it the right time for one? Do I really need such a specialist to help me with my tax preparations?
The most obvious answer to this question is yes, especially if you have no idea what you are doing in terms of filing your taxes.
To say the least, hiring a tax preparer will be to your benefit. But you need to come to grips as to why you need one.
Here are things you need to know before hiring a tax preparer
There Are Different Types of Tax Preparers in This World
What I mean is, there are plenty of tax preparers in this world who follow government guidelines to assure tax preparation is meet. Still, a tax preparer and a tax accountant may see your taxes and your financial sheets differently than you do. Or perhaps they see things more differently than other types of tax preparers or accountants would see things.
No one is really a perfect fit for any job. You either have a person who does their job great, or a person who doesn’t do their job well.
That doesn’t mean a person who doesn’t do their job well is a bad employee, but perhaps he was not the right fit for the shoes and responsibilities your tax preparer needed to fill.
What Kind of Tax Preparers Are There?
There are, definitely, tax preparers who may see things the same way as you, because they have had experience working in your kind of industry, or you may find a tax preparer and accountant who can think the complete opposite of you, and this might be due to social reasons.
Still, there are perks to both scenarios here. A person who can think the same way as you, is generally a good choice to help build your business the way you want it to be built.
But a person who doesn’t think the same way as you, could perhaps give you insight and creative alternatives you might have not have thought of already.
Depending on what kind of tax preparer and accountant you want to reasonably prepare your taxes, is a question your personally need to ask yourself.
What kind of person you want hire is the question here. He or she can perhaps help guide your company and prepare your taxes in ways that work, or may not work for you and your company.
What kind of work have they done also reflects the kind of work they will bring to the table once they are hired.
Knowing the kind of files they have filled before, and the work they have done prior to working for you is a good question to ask. Hiring a candidate for tax preparation will be to your best interest if they know the work they need to do, and have already had experience doing it. This will save you time and money, as well as to prepare you for any form of tax audits done by the IRS.
A tax preparer who is well aware of how to file your taxes the way you need them to, or even better than you had first thought, will get your financial sheets and tax records and files organized for that dreaded audit.
A well-organized financial sheet and records will assist in a smooth audit to be conducted, making your life a whole lot easier.
Be Wary of Those Who Say They Can Get You More Money
As a tax preparer, your job is to follow certain rules and guidelines that meet government requirements. It doesn’t matter who you are or what kind of accountant or preparer you are.
Your job as a tax preparer is to make sure you file entries on your client’s tax return including the related schedule of the return, and its proper forms and supporting documents are submitted when necessary.
This means that, if your candidate tax preparer promises you an even bigger tax return than their competition, it’s best you stay clear of them, unless they show you evidence first as how they can help you with getting a better return.
Usually, those who say they can give you a better return than others, more than likely will not, because all tax preparers technically follow the same guidelines.
Also, stay clear from those who want a percentage of your tax return as pay
Ask around about the Specific Tax Preparation Candidate
A great way to understand whether or not a person is suitable for the tax preparing job is to ask around about them.
Ask people who may have had hired them previously. Get them to recollect whether or not your tax preparation candidate did a good job as the tax preparer for their previous client that you are currently speaking to.
Referrals are a great way to know whether or not a certain tax preparer is good enough for handling your taxes and the tax preparation roles you assigned to them. What they say can alter your final decision.