Taxes can be a real headache, and unfortunately, they are impossible to avoid no matter how much we would like to forget about them. But there is a way to do taxes efficiently and pay the least amount you legally owe, each and every time. The secret? To hire a skilled and competent CPA.
What is a CPA?
A Certified Public Accountant (CPA) is a highly trained professional who looks at the details of money movement and financial transactions for businesses and individuals. They are trusted financial advisors because they are licensed and have passed a rigorous exam. In addition, they have fulfilled all the educational and work experience requirements in their state that are required for them to become licensed CPAs.
How can a CPA help with your taxes?
The best CPAs serve their clients by using an integrated hand-in-glove approach to tax planning, tax preparation, and business accounting. The federal tax code is huge, but a tax-savvy CPA will be up-to-date on the current tax code and will be able to apply it to your personal or business tax situation so you don’t have to spend countless hours doing it yourself.
Furthermore, a practicing CPA is in business for the long haul. They will be there, minimizing your tax liability year after year. In addition, they will support you if an audit occurs, and there is no doubt you will want them by your side if this does happen!
Tips for selecting the best CPA
Like in all areas of business, not everyone claiming to be a CPA will be up to the task of supporting your business. Here are a few interview questions that will help in the selection of a good CPA:
• How long have you been in business?
• What is your fee structure and how do you get paid?
• Can you provide references from satisfied customers?
• What will you do if I’m audited?
• Will an experienced CPA actually work on my particular account?
These are just a few things you will want to know before partnering with a CPA, there may be more questions you want to ask.
Connect with a professional today
To make sure your taxes are done right, contact the team at Abbo Tax today and speak to one of our expert Certified Public Accountants.