Which type of professional to chose for complex and simple tax scenarios john volton Saturday, February 13, 2016 No Comment

Hi all, Awais here again your professional assistant in matters of taxation and lawsuits. Today i will be writing few lines about the business owners who are always in tension regarding the tax they had to pay and they are getting afraid when they see huge amount of taxes that seem more than the amount they are getting as an income from their business.

First of all, i know you are afraid as tax attorneys and professionals charge a lot and you want to avoid hiring one but please don't avoid this. Hiring a tax professional is very important for your business and all above is that you should focus on building a good relationship or friendship with the lawyer as that's not a one day task. Every year you need assistance from him at all costs and you cannot avoid this.

So always give him a cup of tea or coffee and try to talk in a very frank and friendly manner and try to develop a good relationship with the attorney or if you are visiting his office bring some flowers or a pen as a gift for him.

That's all the second part of the story but initially you had to choose a tax expert first and if you selects a wrong person who is just able to file or fill up the taxation forms than you are putting your focus and attention to a wrong person. You have to make sure that the layer you are approaching is properly certified and he is certified Enrolled Agent (EA) by Internal Revenue Service (IRS) of United States. Also second thing you should notice that the attorney should be Certified Public Accountant. In most of the cases you don't need to hire a CPA because you may be having a very small firm, in this case you can hire just a simple  certified EA but if you are running a very large organization with 50 plus employees in that case its better that you visit a small CPA
firm and discuss your business scenarios with them.
Last option is to hire a tax attorney. These attorneys charge mush more than EA's or CPA's because they have specialized degrees and you should visit them only in the case when you have a very complex situation related to taxes or your business that you are unable to solve.
by Awais Hamid

Awais Hamid is a well known attorney. He writes articles on lawsuits, attroneys, legal issues, insurance and tax related matters.

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