Finding a CPA near you – How to get the best deal in the market
It has been seen that a third of the business organizations or companies hire tax advisors or tax preparers who assist them in filing tax returns. They do this to achieve the best deal in tax. However, it is also true that hardly anyone of us know about them. According to recent reports, 80% of the people who have hired CPAs never queried about the credentials of the preparer who helped them with auditing and taxes. Don’t you think this is a crazy number?
When it comes to considering hiring a tax preparer, this will involve sharing all details about things like bank accounts, income, kids, marriage and your Social Security number. There are online resources like www.pstein.com from where you can get the best CPAs and accounts. But how can you find the best ones? Here are some tips.
Enquire about a tax identification number of the CPA
Anyone who is practicing as an accountant or a CPA and is helping you in filing federal tax returns. The IRS requires the person to have a PTIN. However, this is true for those who work in lieu of compensation and therefore the volunteer preparer won’t have one. You should ensure asking the income tax preparer about his PTIN number as the IRS will also demand one.
Look for a CPA licensed by law
It is relatively easy to obtain a PTIN and hence you can take a step further and ask for a preparer who has got the credentials, a person who is a licensed attorney, certified public accountant, enrolled agent who has completed a program of Annual Filing Season with the IRS. Few instances of such programs are Accredited Business Accountant, Advisor and Accredited Tax Preparer and few more. They need different levels of exams, study and constant education.
Compare charges and fees
How much is charge by the tax preparer? As per the National Society of Accountants, the average fee for preparing tax returns which include Form 1040 (itemized along with Schedule A and also a state tax return) was $283. However, before you hire a tax preparer for your company, you should make sure you ask them about what they charge for their services.
Confirm whether they’ll sign on the agreement
As per law, paid preparers will need to sign on the returns of the clients and offer them their PTINs. Don’t sign on a tax return that’s blank as the tax preparer would put any amount on the return. They might even include their personal bank account.
Therefore, when you’re wondering about the ways in which you can find the best deal tax preparer. You should take into account the above mentioned points.