Taxes are complicated. Choosing a tax professional to help you shouldn’t be. This time of year there are many different types of preparers offering tax return assistance. However, no one matches the value that a licensed Certified Public Accountant (CPA) can deliver.
It’s important to know that all tax preparers are not equally qualified. Licensed CPAs are college graduates who have passed a rigorous 5-part CPA Exam. Every three years they are required to take 120 hours of continuing education to ensure they’re up-to-date on any changes to tax laws or other subjects impacting their profession. Additionally, a licensed CPA can represent you before the IRS on any tax issue while other tax preparers can only represent you before the IRS on your 1040 return that they prepare and sign.
Others, including those using the new IRS designation of “register tax return preparer,” are required to only meet certain minimal requirements. Get the facts on anyone you are considering as your tax preparer; ask questions about their credentials, education, areas of expertise and experience. Keep in mind that you can have an on-going relationship with a licensed CPA to best serve your tax and financial needs year-round. The value of a CPA can really add up; with their help, good financial planning decisions can be made that will benefit you for years, not just on your annual tax return.
Bronswick Reicin Pollack, Ltd. has been serving clients for more than forty years. Find out more about our firm, our staff and our tax services by visiting the other pages on our site at www.brp-cpas.com or contacting us at 847-808-9800.