According to data collected by the Florida Department of State Division of Corporations, 432,776 business entities were filed in 2018. A towering number like this creates high demand for accounting and tax service providers, as small businesses that are finding their feet or working with financial restraints can’t afford to hire in-house services for these tasks.

No matter how small or big, companies need accounting and legal teams. Having a professional accounting and tax service can make all the difference in ensuring smooth day to day and long-term operations. Before looking for a tax service provider as a business, you need to understand your own needs and the workings of your company.

Choosing the right tax service depends on a number of factors, like the range of services being provided, costs, and how efficiently your day to day needs are being handled. Let’s expand on how you can be sure about the service you choose and whether it’s the right one for you.

Credentials

Your tax preparer needs to be licensed by the IRS and should have a Preparer Tax ID Number (PTIN). Asking for the credentials of both the business and the individuals working there will help you understand whether they have the right qualifications or not.

Specialty

Individuals trying to become Certified Public Accountants have to go through a rigorous program, followed by a painstaking CPA Exam. But every business operates differently, so it’s important to make sure that the CPAs in your chosen tax service provider know how to handle the inside workings of your company.

Costs

Tax service providers have fluctuating rates depending on the number of services being provided, hourly rates, and the complexity level. Get an estimated quote for the services required for your business before making a final decision.

Timely Service

While the processing the payroll can be flexible with regard to deadlines, filing taxes cannot. Staying up-to-date on state and federal laws, meeting deposit and filing requirements, along with business tax returns need to be efficiently handled by your tax advisor. If they’re not, it’s time to let them go.

Accuracy

Any errors made in filing taxes are ultimately the businesses’ responsibility, and penalties will have to be fulfilled by the company, rather than your service, as per IRS laws. Ask for previous records of filings and talk to other clients of the company to be sure of their integrity and standing.

Hiring a tax service will not only lower costs and save time, but will also improve the efficiency of your business. Without having to worry about IRS breathing down your neck, you can strategically add value and improve your company’s brand.

Tax services providers have specialist financial and tax advisors who are trained and experienced in handling complex tasks. For the simplest to the most complex accounting and tax-related tasks, we, at Accounting and Business Solutions (A&B), handle multiple clients and offer a range of services, from payroll processing to professional bookkeeping services, business accounting services, tax services, and medical billing solutions.

We keep your business’s data completely secured and backed up, and efficiently handle all your taxation needs.

Get in touch with us for transparent, accurate, and business tax services.