How Can I Find A Tax Person I Can Trust?
Ask Andi: Biz Finance Advice for Solopreneurs
English - January 21, 2020 10:00 - 24 minutes - 46.1 MB - ★★★★★ - 22 ratingsEntrepreneurship Business Management accounting entrepreneur finance quickbooks smallbusiness smallbusinessowners Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Knowing where and how to start on your search for the right tax person can be daunting, but it doesn’t have to be. Today we are tackling how to find a tax person you can trust, how they should make you feel and how you can utilize them to their fullest extent. You’re going to walk away feeling comfortable and excited about your financial situation while also informed. A big takeaway from today’s episode is that you should have your tax person lined up sooner rather than later. April will be here before you know it!
Real talk….money can make you feel really vulnerable, so finding the right tax person is imperative!
What we’re talking about
How Do You Find A Tax Person You Can Trust? Who Can File Your Taxes? How Do I Utilize My CPA To The Fullest?How Do You Find A Tax Person You Can Trust?
Start your research for a tax person by asking friends and family who they use. Take your research a step further and ask people you know who are in a similar situation as you are in being self-employed or a business owner. If your network already has someone you can turn to who is trustworthy and familiar with what it takes to handle small business taxes, then you should interview this person and others. One of the keys to finding the right tax person, in addition to them being knowledgeable, is their ability to make you feel comfortable, excited and informed about your finances. If you walk away feeling stressed and confused, then that isn’t the right tax person for you.
Who Can File Your Taxes?
There are two people who can file your taxes in addition to yourself. The first person is a Certified Public Accountant or CPA. A CPA is someone who has received financial schooling and passed an accountancy exam. The other person who can file your taxes is an Enrolled Agent, which is someone who has learned the ins and outs of filing taxes and passed a certification exam with the IRS. Passing the exam gives the agent permission to file your taxes.
How Do I Utilize My CPA To The Fullest?
The best way to get the most out of your CPA is to inform yourself with their knowledge. Compile a list of questions to ask when you meet with them. If you have life or business changes, inform your CPA or Enrolled Agent before it’s tax time so that both of you are prepared and up-to-date with your situation.
We are launching into tax season, are you ready?
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