Tips To Hire An Accountant Specialized In Tax Planning

When it comes to hiring an accountant specialized in tax planning, there are several things that you need to take into your careful consideration. The first thing that is very important for you to do is to make sure that the accountant you are hiring is duly licensed to perform such tasks in your state. The CPAs (Certified public accountants) must also have gone through proper training programs and must be capable to handle each and every aspect of taxes and other related financial matters. The choices abound, as the field is very competitive. Therefore, you have to be very careful with your selection. Do not hesitate in asking questions. The more questions you ask, the better you will be able to judge their ability. Following is a brief rundown on how to go about it.

Get References

In order to choose the best accountant specialized in tax planning, you can start by asking references from your friends, acquaintances, family members, colleagues, and others. Those who have already gone through this process can help you learn a lot on how you should go about it. Whether it is a recommendation or a warning, you are strongly recommended to take their suggestions seriously. If they have already worked with an accountant on tax related matters and were happy with their performance, you can consider hiring one from those good references. However, they are warning you against a specific accountant, someone who they have a very bad experience with, you must take it as an alert sign. Contact only those accountants who have got good reviews for.

Check The Credentials

When you call an accountant specialized in tax planning for an interview, the first thing you should look at is their credentials. Make sure that they are duly licensed to offer such services in your state. Look at the kind of designations they have. Check to see if the certified public accountants you are interviewing have passed all necessary examinations.

Review Their Specialties

It is very important for you to understand that not all accountants can handle all types of tax matters. Tax planning is a wide subject. You need someone who has specialization in handling the tax issues related to your case. Ask them in details about the different types of tax planning matters they have handled before. Do their specialties match your requirements? For example, if you are an individual and want to hire someone who can handle the matters related to personal tax return filings, it is obviously not a good idea to hire one who specializes in handling business taxes only.

Do A Thorough Background Check

The best accountant specialized in tax planning for your case is the one who is not only experienced but is also someone you can trust. Besides that, you just cannot assume all their answers to be true. You must verify whatever they tell you about their specialization and experience and knowledge. You can do a check their past records by contacting the board of accountancy in your state. Check if the accountant you are considering hiring is duly licensed with your state’s board of accountancy. Furthermore, it is also important for you to make sure that no disciplinary actions have been taken against them in the past.

Work Style

Before you hire an accountant specialized in tax planning, you must also ask them how much time they are going to take for the work you are assigning to them. You should also inquire about their work style, such as whether they work alone or have a team of assistants for help. Some accountants these days take the job and outsource the same. Therefore, it would be a nice idea to get into a written agreement before you hire one. Read the fine prints thoroughly before you sign it. If you have no objection with the outsourcing thing, you should at least inquire about how the outsourced work is supervised.

Last, but not the least, you also need to be very clear about the terms related to the accountant’s fee. Overall, if you keep in mind the above things, it will help you make an informed decision when it comes to hiring an accountant specialized in tax planning.