Tax Consultant Near Me
Every year when tax season rolls around many are tasked with the overwhelming job of figuring out tax laws and codes. While taxes can be straightforward to the average person, those with a small business, a death in the family, or even freelance status may benefit from hiring a tax consultant.
Looking to find a tax consultant near you? Simply browse tax consultant near me on the map below and find a list of tax consultants in your local area. Need a bit more information on tax consultants? Read on for interesting facts, trivia, and so much more. You’ll be a tax pro expert in no time!
Tax Consultant Near Me – Find it on the Map
Tax Consultant Near Me – Trivia
What does a tax consultant do?
Taxes don’t have to be confusing, especially when you hire the right tax consultant. What exactly does a tax consultant do? Read on for the answer as you search tax consultant near me. Tax consultants, also known as advisors, are experts in both tax law and compliance. They are capable of serving both businesses and individuals by staying current on new tax law.
They also position taxpayers for both short and long term optimization. A tax consultant will also expand on the role of tax preparer. While they do prepare tax returns, they also work closely with clients during the months leading up to tax seasons to ensure tax liability is minimized and that no unexpected funds are owed. Tax consultants are very strong communicators who can explain tax laws and strategies with ease. They also offer financial consulting and may even help you to prepare a financial strategy to keep your overall finances in order.
Who needs a tax consultant?
Suffice it to say, not everyone requires a tax consultant. On the other hand, many of us do need a tax consultant in order to get our taxes done right the first time. If you fall under certain circumstances or have a complicated tax life, you may benefit from searching tax consultant near me. What is a complicated tax life? Consultants would define your tax life as “complicated” if you have factors such as retirement savings accounts, real estate transactions, trust funds, self-employment income, a home office, income from rental properties, or stock options.
If any of these circumstances apply to you, the help of a tax pro can be helpful. A tax consultant can also be very helpful if you happen to live in one state and work in another or if you have worked in two different places in the same tax year. If you are an active investor or run your own business, definitely hire a professional rather than trying to go it alone. Other events that may call for a tax consultant include receiving an inheritance, losing a job, starting a new job, or buying and selling a home.
Tax Consultant Near Me – Facts
Choosing A Tax Consultant
Want the job done right the first time- you’ll need to choose the right tax consultant. How do you find the right tax consultant? Consider this as you search tax consultant near me. In order to find a good tax consultant, start with those closest to you. Start by asking friends or relations for recommendations. Odds are, those you love most wouldn’t steer you in the wrong direction or suggest someone they felt wronged them in their taxes.
You can also do your own leg work by searching the National Association of Enrolled Agents. When vetting tax pros, be sure that the consultant you choose is experienced in the kind of work you need done. For example, if you own a small business, you’ll want to hire a consultant who specializes in small business taxes. If you’re self employed or working as a freelancer, strive to hire a consultant who specializes in these areas. Once you find the right consultant, seek someone who has several years of experience in the work and make sure they have a preparer identification number.
It is also important to do your due diligence and research any potential contenders. Be sure they don’t have blemishes on their record. If possible, contact the Better Business Bureau or your state’s board of accountancy. With any agent enrolled, you can find disciplinary actions or licensing issues via the IRS office of enrollment. You also want to make sure that the right candidates have certifications, a good educational background, and licenses. Don’t be afraid to ask for licenses either!
How much does a tax consultant cost?
If you need to hire a tax consultant, you’ll want to make some room in your budget to pay them after they are finished preparing your taxes or consulting on your finances. How much can you expect to pay a tax consultant? Consider this as you search tax consultant near me.
According to statistics, it will typically cost you around $176 if you’re only having a standard 1040 prepared and a state return with no itemized deductions. Things can get trickier as soon as you add new forms into the mix. Own your own business? Self employed? Expect to pay well above $200 to have your taxes prepared by a tax consultant.