When it comes to handling their taxes, many people struggle with finding the right expert to help them prepare their returns for the year. You’re faced with a choice: work with a certified accountant or trust a tax preparation expert. While both will help you get your return filed correctly and on time, the professional you choose should be based on your unique needs. Here are the differences between accountants and tax prep specialists so you can make the best decision for your situation.

Certified Accountant

A certified accountant is a licensed industry professional with years of education and experience, offering both tax and financial advice to clients. They’re trained to handle all aspects of the tax preparation and filing process but can also provide more extensive financial services. For example, they can assist with financial or estate planning, give advice on complex business or individual financial situations, and help you streamline your record keeping to ensure everything is in order throughout the year.

Certified public accountants are also your representative with the IRS should your business or personal return require an audit. They’ll work with the collection agency to examine past returns, find possible issues, and help come to a fair resolution.

Tax Preparers

While tax preparers can have just as much experience as an accountant, they cannot perform the same tasks. These individuals may not have the same educational experience as a certified accountant, and thus will not have the right to furnish financial or business-related advice when working with clients. In fact, tax preparers do not need a background in finance at all — as long as they can pass the IRS-administered exam confirming their knowledge of tax codes and regulations, they can assist individuals with their returns.

While the lack of formal education may seem like a downside, they can still be an ideal choice for individuals with relatively simple tax return needs or those who want a second opinion. Keep in mind they can’t assist you with anything more detailed than your return or provide representation with the IRS during an audit.

The Callen Accounting Group, PLLC is proud to help individuals and small business owners across the Twin Lakes and Mountain Home areas of Arkansas with their tax preparation and management needs. Whether you’re just starting out or have been in business for many years, their team will ensure your tax return is filed correctly each year. Visit them online for more information, and call (870) 425-6066 to schedule a consultation with a certified accountant today.