Very few people enjoy tax season, but if you start preparing now for what you know is coming then it may not seem quite as stressful as it has in the past. Commercial and individual persons who are members of the workforce are required to pay the Internal Revenue Service. Residents of New York City and the surrounding area who think that you may need some assistance in completing this task next year, you may want to contact an accounting firm in New York City.
What to Look for
Choosing an accountant is not a decision that should be made quickly. Rather it is something that individuals and businesses should take time to consider. There is ever changing software available that will allow you to complete your taxes at home on your own time. However, if you do decide that you would rather have a professional handle this task there are some key qualities you may want to look for.
One of the most important qualities you may want to consider is their ability to communicate. The person or firm you hire is going to play a very important role in your professional life, make sure you can communicate with them when situations change or questions arise.
Small business owners or those who are considering starting their own business are going to want to look for someone who can answer small business related questions.
A team player is also an important characteristic as it is likely your chosen CPA will not be working on your case alone.
During your search you may also want to ask colleagues, friends, or family members who have also worked with a CPA in the past for any recommendations.
Individual
While many tax preparation software programs are available for individual use, having a CPA look over your information may also be beneficial. Many individuals work in jobs, such as freelance writing, where they are required to deduct their own taxes meaning their employer does not do so. If this is the case, a CPA will be able to help you understand the amount that needs to be deducted and when tax payments are due.
Beyond tax season, it may also be helpful to ask your CPA for assistance in personal financial planning. Having a plan in place ensures security now and in the future.
Corporate
As with individuals, accountants working with business entities can also be of use in a variety of ways. If you are just starting your company they may be able to help you choose the legal entity that will best suit your needs.
When it comes to paying your taxes having an accountant can be extremely important. They will know what needs to be paid and when. They will also be able to tell you when certain forms such as your W-2 need to be submitted.
Individuals and business owners around New York City, who are in need of professional assistance in preparing for next year’s tax season, should consider contacting an accounting firm in New York City. The earlier you prepare the easier the season will be!