Taxes can be a daunting task, especially if you’re a business owner, real estate investor, or you have a complex financial situation. Save yourself some stress and headache by hiring one of Denver’s tax professionals! An experienced tax professional can help you navigate the confusing and ever-changing world of taxes, but how do you choose the right one for your needs?
When it comes to selecting a tax professional, there are several steps you should take to ensure you get the best expert for your needs. Here are some important tips to consider when comparing seasoned tax pros for individual or business needs.
Determine What Services You Need
Before you begin your search for a tax expert, it is important to take a step back and assess the services that you need. Do you need help filing taxes for a business? Do you need a specialist in a particular area, such as real estate tax strategy? Are you self-employed and require assistance with quarterly payments? Are there any deductions that you are not sure how to optimize? Knowing what type of assistance, you need will help you to narrow down your search.
For instance, if you are an individual filing a personal tax return, it’s a good idea to look for a tax accountant who specializes in individual taxes. These professionals have in-depth knowledge of the laws and codes surrounding personal taxes and can provide advice on which credits, deductions, and other financial considerations would benefit you most.
Small business owners should seek out a tax professional who has specific expertise in corporate or business taxes. A knowledgeable tax expert can provide strategies to help your business reduce tax liability and maximize deductions and credits – savings that can compound year over year.
Check for Credentials
While this should go without saying, it’s important to make sure the tax professional you choose has the proper credentials, whether you’re looking for a tax accountant or a tax attorney. Those credentials ensure that your tax professional has the necessary knowledge, licensing, and experience to handle your tax needs.
You should also check to make sure the professional is familiar with local, state, and federal tax laws. Denver, for instance, has unique regulations when it comes to taxes, so it’s important that your tax professional is knowledgeable about those codes.
Research Reviews and Recommendations
When searching Denver for tax professionals, take the time to read through reviews and recommendations from past clients on third-party review sites. This will give you a better understanding of their level of service and any potential challenges you may face. Reviews can also provide insight into the provider’s communication style, timetables for completion, and pricing structures. It’s also wise to seek out referrals from people you know or other professionals in the industry.
Consider Communication Style
When looking for a tax professional in Denver, you should consider how you want to communicate with them. Do you want someone who responds quickly to emails or phone calls? Are you comfortable with text messages or other forms of communication? How often would you prefer to check in with your tax professional throughout the year? Do they offer both virtual and in-person appointments?
Make sure that the tax professional offers an option that works best for you. In addition, make sure you consider their availability. Some tax specialists are only available during their busy tax season, while others may provide service all throughout the year.
Compare Fees and Understand Offered Services/Tax Packages
As with any service, you get what you pay for from a tax specialist! Different tax professionals offer various packaged services and may charge different fees for similar services. That’s why it’s important to compare costs across multiple providers and gain a clear understanding of what exactly you’re getting for each price point. Make sure you understand exactly what services are included in each package and any additional charges that may apply. This includes understanding the fee structure and when it is due, and whether your specialist will bill you hourly or also may offer convenient monthly flat fees that help with cash flow and budgeting.
Schedule a Consultation
Once you’ve narrowed down your choices, schedule consultations with your top contenders. This will give you an opportunity to ask questions directly and see if they are a good fit for your needs. Make sure to ask questions about their approach to taxes and any areas of expertise they may have. Here are a few examples of some good questions to ask:
- What types of tax returns have they filed before?
- What documentation will you need to provide for them?
- Do they provide support outside of tax season?
- What kinds of tax strategies have they developed before?
- How are they different from other tax firms?
- And more
Searching Denver for Tax Professionals? Choose Fusion Legal & Tax
By following these steps, you’ll be able to find the right tax team who can help you navigate the world of taxes and ensure that you are in compliance with all tax laws.
At Fusion Legal & Tax, we offer comprehensive tax services and packages designed to meet the needs of real estate investors and small to medium-sized business owners. We provide expert advice and specialized knowledge for both personal and business taxes, as well as proactive tax strategy and tax preparation.
Contact us today and discover what our Denver tax professionals can do for you.