Preparing taxes is a complex task and is not everyone’s cup of tea. Many business owners, therefore, hire external companies or individuals to file their tax returns for them in hope of finding the best business tax preparation service in Hollywood FL. Whether it is their lack of expertise or the lack of time and effort they put into accounting practices, business owners cannot always prepare their own taxes. When hiring a tax professional, there are many things that need to be considered before you make your final decision of trusting someone with your business’s financial information. There a 5 crucial questions that you must ask your potential tax preparer beforehand.
How many years of experience do you have?
Make sure the answer to this question is more than three years. If not, you are dealing with someone who does not have sufficient experience and might not have the correct expertise to help you with your taxes effectively. A tax preparer that has more than 3 years of experience will be updated with the constantly changing tax laws and his knowledge will be of great help to you and your business.
What is the number of tax returns prepared by you?
The answer to this question is linked to the one above. Of course the more returns a person has filed, the more equipped he will be to accurately help you in your situation. Make sure the answer to this question is more than a thousand. If not, you should look for other options.
What are the types of tax returns you prepare?
There is a wide variety of types of tax returns including personal income tax, payroll tax, business income tax etc. In order to find the best business tax preparation service in Hollywood FL, you should prefer a tax preparer who has experience in all types of returns because only then he will be able to assist you effectively and also help you make informed decisions about business finances and operational decisions.
Do you have any knowledge of e-filing returns?
E-filing is a trend that’s on the rise these days and it is a great practice to increase the accuracy and effectiveness of tax return filing. The software programs have built-in checkup systems and mathematical correctors that help you avoid any potential careless errors that might otherwise be inevitable while filing returns manually. E-filing has almost become a necessity in today’s times and if your tax preparer does not know his way around it, you should probably look somewhere else.
What guarantee do you have?
A reputable tax preparer will be ready to reimburse you in case of any penalties resulting from mistakes and errors made in the tax filing process. He will be willing to provide you a guarantee free of charge. If your potential tax preparer is reluctant to provide you a guarantee, it is best to look somewhere else for the best business tax preparation service in Hollywood FL.