Sure, some small business owners in the U.S. prepare their own taxes, but many entrepreneurs wouldn’t even consider handling this aspect of their operations. If your business is looking to hire a tax accountant this season, there are several things to keep in mind.
First, understand that some firms are accepting new tax clients for 2016, while others are not. If your business hasn’t had an accountant before or in several years, be prepared to contact several firms and perhaps ask the accountant to file an extension request with the IRS for 2015 taxes. Of course, the IRS doesn’t require a Certified Public Accountant (CPA) or even an accountant to prepare a business’s taxes. There are other professional tax preparers available, and the IRS provides a guide to choosing a tax professional on its website.
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