A tax accountant is going to be a very important person in your life. This is especially true if you are not well acquainted with tax terms and procedures. A tax accountant should be competent enough to deal with all matters that arise in a skillful way.
If a tax accountant is going to handle all your tax dealings, then it is important more than ever that you choose a tax accountant wisely because a lot of things in your future are going to be dependent on this person.
However, if you are not experienced in this field, then read this post by Andy Rachleff before you go on a tax accountant hunt:
11 Questions to Ask When You Choose a Tax Accountant
January 30, 2014 Andy Rachleff
If you are considering early exercising of a significant number of options or are thinking about selling options in the public market for the first time we highly recommend retaining a reputable tax accountant. We realize this means you will incur a fee, but it is highly justified given the risk you take on incurring significant unforeseen taxes if you don’t consult a great tax accountant. It is not as easy to quantify the savings from hiring a tax accountant as it is from hiring an estate planner (see our recent post by Abe Zuckerman regarding Estate Planners), but it’s just as necessary. Like most people, you’re probably not sure how to choose a tax accountant. Here are the top 11 questions (not in priority order) we think you should ask:
Do they have expertise in areas relevant to you?
How many years of individual tax experience do they have?
What license(s) do they have?
Do they have an advanced degree?
There are a lot of intricate things that are involved in money and tax matters, so it is always wise to be cautious before handing over your hard-earned money to someone else.
J. Money of Budgets Are Sexy is talking about this same situation in this post:
Hire Someone To Pay Your Bills & Budget For You?
by J. MONEY on 08.19.13, updated JANUARY 2, 2016
So I got a SUPER interesting email shot my way by a fellow blog reader this weekend, and now my creative juices are flowing on maximum overdrive 🙂 Especially since y’all know I’m currently looking for the next “big thing” to pour my time into over here and get out of this rut.
Here’s what the email said:
Hi J Money
I didn’t know if you had any resources or information on anyone that would budget and pay my bills for me? I make a budget and we just cant stick to it. We try over and over again. Maybe I’m just not realistic with the budget but we do also overspend. I think I would love it though if someone would just pay our bills and then hand us the leftover cash for the week.
Are there people out there that do that??
Derek Packard is showing how to choose an accountant in this video:
Get help from Sound Tax Service to solve your tax and other financial worries in a reliable way.