Tax Preparation Services: Qualities You Should Look For

Tax season is almost here and a lot of you may be wondering about preparing your taxes properly. Whether you are a small business owner, an individual, or a corporation, timely tax filing is essential to comply with tax regulations and laws. You need to hire the right professionals for tax preparation services. However, with so many options available, choosing the right one can be a daunting task. 

Financial Planning & Tax Office offers the best tax preparation and bookkeeping services. In this blog, we will discuss some crucial tips that will help you find the right tax professionals. Let’s explore more below. 

Tips To Help You Find A Tax Preparation Service

1. Check the credentials and reputation 

The first thing you should look for is the credentials and reputation of the tax preparer. The only requirement to prepare a federal return is that the person has a current IRS preparer tax identification number (PTIN), which shows they are authorized to prepare federal income tax returns. However, preparers have different levels of skills, education, and expertise. You need to find the one who is vetted by the IRS or a state or regulatory board and offers the right tax and business solutions.

Some of the common credentials that you check include:

• Certified Public Accountant (CPA): A CPA is a licensed professional who has passed a rigorous exam and met education and experience requirements. They can handle complex tax situations, such as business taxes, audits, and appeals.

• Enrolled Agent (EA): An EA is a tax professional who has passed a comprehensive exam and background check by the IRS. They can represent taxpayers before the IRS and handle any type of tax return.

• Annual Filing Season Program Participant (AFSP): An AFSP is a tax preparer who has completed a voluntary program of continuing education and ethics training by the IRS. 

2. Compare the fees and services 

Consider the fees and services they offer. The cost of tax preparation depends on the complexity of your tax situation, the type of forms you need, and the level of service you require. This will help you avoid overpaying or getting surprised by hidden fees. You should ask for a clear and upfront estimate of the total cost before choosing tax preparation services. 

3. Look for a tax preparer who is accessible and communicative

The last thing you should look for is accessibility and communication. You need to find someone who is available throughout the year, not just during the tax season.Check whether you can communicate with the tax professional clearly, openly, and often.

A good tax preparer should be able to:

• Explain the tax rules and concepts in a simple and understandable way.
• Answer your questions and address your concerns promptly and thoroughly.
• Provide you with a copy of your tax return and explain the calculations and results.
• Inform you of any tax law changes, issues, or opportunities that may affect you.
• Follow up with you after the tax season to ensure your satisfaction and offer ongoing support.

Choose the Right Firm for Tax Preparation Services

These tips will help you choose a tax preparer who is qualified, and reliable. Remember, your tax return is your responsibility, so you need to choose the right one who can help you comply with the tax rules and minimize your tax liability. Financial Planning & Tax Office is the right choice if you’re looking for efficient tax and business solutions. We also offer same-day service if required which sets us apart from others. You can also count on us with your books. 

As a leading firm in Houston, we have served hundreds of clients successfully and ensure achieving maximum customer satisfaction. Schedule a consultation with us for affordable tax preparation services.