Selecting a Tax Accountant for Entrepreneurs

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By: Sophia GMTA

Listen to Audio in English: HERE

Read & Listen in French: HERE

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THE IMPORTANCE OF HAVING A GOOD TAX ACCOUNTANT:

1. Allows you to optimize the tax code legally for your benefit personally & professionally.

2. Allows you to prepare strategically for the next fiscal year to structure/revise your methods and approaches to eliminate or reduce costs and tax liabilities.

3. The savings and insights gained from working with a quality Tax Accountant will only increase your financial wellness.

WHAT TO LOOK FOR IN A TAX ACCOUNTANT:

1. Accredited, Licensed, Certified in your State and your Business’s State (if they are different).

2. Can explain the differences unique to you of establishing your business as a Sole Proprietor, Partnership, LLC, C-Corp, S-Corp or other entity and (LLP, Co-op, Nonprofit, etc.) and the implications to your personal taxes. And, as applicable, can advise you on what tax elections you should take and when it makes sense to.

3. Has time during and outside of tax season to discuss with you your tax strategy, liability and financial planning, and legal ways to increase your financial wellness.

Comment below and let us know what you would add to this list.

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