If you are thinking of selling or buying anything at the market for the first time then it is highly advisable that you hire an accountant. This means that you will have to pay them a certain fee but it is better than taking any risks.
Here are some questions that you should consider before hiring an accountant in South Orlando.
Do They Have The Required Expertise?
You must make sure that the accountant has worked with other people who had the same situation as you. A lot of people opt for a senior accountant because they have handled many cases and have years of experience. A professional will tell you themselves whether they are suitable for the job or not because either they don’t know much about the job or it is extremely complex.
How Much Experience Does The Accountant in South Orlando Have?
A good accountant will have at least five years of experience working on individual tax returns. Bigger firms are better than smaller firms because they deal with complex problems.
Do They Have The License?
It is preferred that the accountant has a CPA (Certified Public Accountant license), whereas the tax attorneys should have an LL.M in Tax.
Will the Accountant in South Orlando Represent You If You Are Audited?
A professional accountant should represent you in case you are audited in lieu of an additional fee. Don’t opt for an accountant who refuses to do so.
Will the Accountant Review Your Past Tax Returns For Free?
An accountant should because it takes hardly 15 minutes to find out whether they will be comfortable in making the return. Complex cases can take up to 30 minutes. A professional accountant in South Orlando will ask you to send your previous returns in advance so that the meeting time can be more productive.
How Much Will They Charge?
A lot of accountants charge by the hour. A senior accountant at a big firm will charge as much as $700 per hour, whereas one from a small firm will charge half the amount. Be ready to pay around $2000 to $3000 at a big firm and $1000 to $1500 at a small firm if the advisor spends almost an hour with you discussing your case.
What Can You Do To Keep The Fee Down?
You can save up money by being organized. The less time your accountant will spend the lower will be the fee. It is advisable that you send them a spreadsheet that neatly states your income and expenses. Also, give all your data in one go rather than breaking it up into pieces.
Are You Comfortable With The Accountant?
You need to comfortable working with your accountant as both of you will be discussing complex tax related problems. Choose an accountant in South Orlandowho you can ask any question and share anything with.
If you need more information about our Orlando accounting and tax services, please contact us at 407-502-2400. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin number, incorporations, and non profit 501c3 tax exempt.