Taxes are the most important parts of any business. However, not every business pays attention to these services. Hiring a tax accountant can be a tedious task because some of these professionals have the expertise to handle all financial activities while others specialize in other areas such as tax planning, auditing, and bookkeeping. Depending on the business requirement, you must hire a suitable tax accountant in Phoenix. You must follow the below-mentioned steps to choose the best tax accountant:
Know the types of tax professionals
It is important to learn that there are several types of tax or accounting professionals in this field. They are elaborated below:
- Certified public accountants (CPA) – These professionals have specialization in specific areas such as auditing, tax preparation, and filing. However, not everyone handles tax-related issues. They represent you before IRS if you have a tax audit in your office or are dealing with collections.
- Enrolled agents- They are suitable for your business for tax-related matters. These professionals can handle complex tax situations. Apart from that, they are also able to manage auditing and collections in front of the IRS.
- Tax attorneys- They are the legal experts in taxation and handle the litigation related to estate taxes. In case you need to file a case related to taxes in court, you will need to hire a tax attorney. Some companies have hired full-time tax attorneys to handle tax-related cases.
Depending on your business needs, you must hire a suitable tax accountant. He will ensure that your financial standing is strong and healthy.
Interviewing the tax accountant
Before hiring any professional, it is strongly recommended to interview a few tax accountants. It is not a good idea to give access to your business and personal information without knowing him a little. You must ask him several questions related to his qualifications, licenses, areas of specializations, and firms he has worked with before.
You must verify his details before hiring him so that the right professional can be hired who can contribute to making your business more successful. Other details you need to know to include his fees, availability, and his workflow. Some of them agree to work full-time or part-time. Their fees will also depend on their working style. It is suggested to discuss the details of your requirements with him and ask how he can handle them.
After interviewing a few candidates, you should hire the most suitable one.
