Posted by Schneiderman and Friedman

What To Look For In a Good Tax Preparer

What To Look For In a Good Tax Preparer

Many taxpayers have concerns about the taxes they pay and wonder if there is a way for them to save on taxes. You will be surprised to know that the best answer to this question lies with you only. While most tax preparation services help calculate and file your taxes, are you sure that you are getting the absolute best services available?

Most people are very picky about the kind of brands they wear and the restaurants where they eat, so why compromise on the abilities and expertise of a tax preparation service. You should realize that taxes are probably the single biggest expense you have during the year, so do not compromise on the assistance required.

As in the case of any service that you hire, you have to choose the right service provider so that you can get the best results. Here are some pointers to help you find the right tax preparer, such as SCHNEIDERMAN AND FRIEDMAN.

Are you paying the minimum amount of tax as required by law?

While you want to reduce the amount of taxes you pay, you want to follow all the legal practices. There are various laws that apply for various types of businesses and conditions. These laws provide a legal exemption in certain cases. You can effectively reduce the amount that you pay as taxes if your tax preparer applies these exemptions. Hence, it is important that you hire a tax preparation service that has a qualified team and a good amount of experience. They should know the laws and updates; they should also have a system in place to review your taxes filed and provide information on ways to improve your federal income tax return. So, make sure your tax preparation leads to a situation where you are paying the least amount of tax, legally!

What are your Audit Risks?

Tax audits can be random; however, there can be certain activities that can also lead to tax audits. As your tax preparation service provider, SCHNEIDERMAN AND FRIEDMAN understand this and will take great care to prevent this from happening. You have to be sure that the tax audits do not put you under the ‘scanner’ for the wrong reasons; hence, the expertise of your tax preparer is very important.

As the 2020 tax season is quickly upon us, be sure to ask your preparer to get the tax file reviewed before filing; you should also check to see if the company has an audit defense plan in place and with such providers, the risk of an audit will definitely go down and with the understanding of past, possible cases, you will get a fair idea of how well the company is prepared to handle your case and ensure that you can get the best tax preparation service.

How much are you paying as a tax preparation fee?

While you should never opt for cheap service levels, a less expensive service fee never hurts. Moreover, the fee structure has to be transparent so that you are not surprised by a huge invoice at the end, when it’s too late. It is better if you ask for the fee structure upfront to be aware of the various points that will cost you money and most tax preparers provide a flat service fee.

When you have assessed all the above mentioned pointers, as a taxpayer, you will be in a much better position to hire the right tax preparation service.

SCHNEIDERMAN AND FRIEDMAN will provide you with a seasoned tax preparer who is ready and more than capable of taking on your tax filing needs.



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