If your small business needs a tax consultant, it’s important to find the right one. Failure to abide by tax law—even inadvertently—could have major ramifications for the company. A reputable accounting professional will ensure that you’re properly following the guidelines set forth by the IRS. To find the right professional for your business, ask the following questions during your interviewing process. 

3 Questions to Ask a Tax Consultant Before Hiring Them 

1. What Does Your Client List Look Like?

Regardless of how small or large your business is, it’s important to make sure the tax consultant knows how to meet the needs of a company of comparable size. Ideally, the firm will also be familiar with your industry and the various financial arrangements that can be found within it. If you primarily work with independent contractors, for example, you may not want to hire someone who has only helped companies that have traditional employees.

2. What Services Do You Provide?

If you only need help with tax preparation—and you don’t anticipate any growth changes—look for someone who specializes in tax law. If, on the other hand, you need help with other accounting functions like payroll processing—or suspect you will in the future—look for a firm that offers a more comprehensive list of services. Turning to a single provider for everything will simplify your accounting system and likely be more cost-effective. 

3. What Is Your Fee Structure?

Most accounting firms charge by the hour. Depending on the services you need, however, paying a flat monthly rate may be more economical. Confirm the consultant’s fees before signing on the dotted line, and ask what services those fees include in writing so there are no misunderstandings when billing rolls around. 

Since 1992, Dianne M. Saunders, CPA has helped individuals and businesses stay on top of their tax obligations. Based in Litchfield, CT, she is proud to run a full-service CPA firm that provides everything from income tax preparation to bookkeeping. With a commitment to saving clients both time and money, her team specializes in devising cost-effective accounting solutions. To discuss your company’s finances with this tax consultant, call (860) 567-3022 or visit the website for more information.