Are you looking for a credible tax consultant?

September 22, 2013  //  Posted by: Financial advisor  //  Category: Tax

credible tax consultantAre you looking for credible tax consultant? Tax consultants would be your able guide in more than merely filling out your Income Tax forms. In fact, a good tax consultant will research & explain the complex tax issues to you, make sure that your venture is in complete compliance with pertinent tax obligations & assists in minimizing your tax liability. Hiring a good tax consultant is a complex affair and involves several factors to look for prior to making the final selection. The post here is all about how to select a reliable tax consultant.

First of all, it’s good if you can collect referrals from your relatives and friends who are in contact with tax consultants. If you have no such help available, you have to search yourself online. Make a list of 4-5 consultants and proceed for a comparative study on them. You have to check out on their credentials, market reputation as well as client support.

In regards to credentials, your chosen tax consultant should be backed by a degree in Accountancy or Accounting. Then, he/she should hold State certification as Accountant and as ATP (Accredited Tax Preparer) or ATA (Accredited Tax Advisor). Then, you have to check out his records at BBB. The BBB check will offer a fair idea on the consultant’s reputation in the market and among its clientele. A trustworthy tax consultant should always be backed by a lengthy list of satisfied clientele.

Make sure your chosen consultant is candid to you about the tax regulations which are otherwise perplex for a layman. It’s also important that the tax consultant maintains the “Code of Ethics” stated by NATC (National Association of Tax Consultants) which requires full compliance to all federal and state regulations pertinent to tax preparation. The consultant must be a dynamic personnel who keeps himself/herself abreast about all latest amendments regarding the tax regulations.