If you’re looking to take care of your business tax return, you might be feeling overwhelmed by the sheer number of options out there. After all, how are you supposed to choose one business tax return service over another? There are lots of different factors that go into making this decision; here are some tips to help you choose the right one for your particular needs and goals.
1: Do you need assistance?
The number of business tax return services out there can make choosing one difficult, especially when you’re new to running a business. The best way to figure out what type of tax service is right for you is to ask questions, do research and start by looking at costs. Ask yourself:
- Do I have more than a few hours a year in accounting that I need help with?
- Can I pay someone else to do all of my bookkeeping or only some?
- Do I just need someone who will handle my taxes or my entire business, which might include bookkeeping, payroll, and hiring an attorney in case something goes wrong?
Taking these things into consideration before contacting a potential tax service will help ensure that you choose wisely. This is not something to skimp on because it could end up costing you money—and your time—later on down the road if you don’t get it right! Just remember to focus on what’s important: identifying your needs now, comparing those needs against your goals in the future, and finding a reputable business tax return service that can provide solutions tailored to your specific situation.
2: What kind of assistance do you need?
When it comes to choosing a business tax return service, you have plenty of options. Unfortunately, that means making an informed decision can be tough. To make things simpler, consider these five tips before you decide on a business tax return service provider. Each will help simplify your search and help ensure you hire someone right for your business.
It’s important to consider which factors are most important in helping your company grow. Every business is different, so it should come as no surprise that each business owner will have a unique set of requirements. Before searching for a business tax return service, ask yourself what kind of assistance you need and how it will help your organization succeed.
3: How much help do you need?
There are two kinds of tax preparation services: those who handle your federal and state taxes, and those who only prepare your business’s tax return. The first option will cost more but be less hassle; if you choose a service that handles both your personal and business taxes, you only have to deal with one person instead of two or three. If you go for just a business return, make sure it has experience preparing returns for small businesses like yours—especially if you file an S-Corp. Filing a Schedule C is significantly different than filing a standard 1040 income tax form. Check online reviews on Yelp, Facebook, and LinkedIn to see what people are saying about their experiences.
4: Do your research!
Doing your research is one of the most important steps to take when hiring a business tax return service.
Here are five things you can do to choose a provider who is right for you and your business:
- Confirm how long they’ve been in business.
- Make sure they have certifications from professional organizations like AAP, CPA, or RPPEA (if applicable).
- Check out their online reviews and testimonials – what are customers saying about them?
- Find out if they offer a trial period—some companies will allow you to try their services for free before signing on for longer periods.
- What does your budget look like?
The more complicated your taxes are, generally speaking, the more expensive it will be to file them using an outside service. Remember that even if you pay someone else to handle your taxes, however, there are still costs associated with running a business and paying income taxes such as purchasing equipment or upgrading software that could make up for it over time! Researching every aspect of any potential company is critical; don’t go into signing anything without doing so!
5: What are your options?
There are two main types of tax return services: preparers and e-filers. Preparers generally handle tax returns in person, but you can also mail your documents to them or upload them electronically. Some preparers do both. When preparing your taxes, they’ll complete all necessary forms and either print out a copy for you or file everything electronically. If a preparer files electronically, he or she will usually charge a fee for doing so; otherwise, no fees should be involved unless there’s an issue with something on your taxes that has to be corrected (in which case any additional charges should be itemized). E-filers are different than preparers because they only provide filing services. While some may offer basic preparation as well, others won’t touch anything beyond inputting data into their system.