If someone tells you that he hired an accountant to do his taxes, you might look at him in a whole new light. He must be particularly wealthy, right? His tax situation must be complex. Neither is necessarily the case, however. Many taxpayers can benefit from hiring a tax accountant, and a lot do.
But take some simple steps to protect yourself before you spend your hard-earned cash on a tax professional. Make sure you find the right accountant for your situation and that you ask certain questions.
Understand Why You Need a Tax Accountant
Take some time to identify exactly what it is you want an skilled accountant Los Angeles to do for you. Here are some common reasons why you might think you need one.
- Preparing your own taxes is time-consuming, stressful or confusing.
- You want to make sure your tax returns are accurate.
- Your tax situation is pretty complex, perhaps because something changed this year, and you need specialized advice and tips.
- You want detailed tax planning advice going forward.
- You are facing a tax problem such as filing back taxes, paying off a tax debt or fighting an IRS audit.
- You've started a business, invested in the stock market, bought rental property, or you've moved outside the U.S.
Finding a Tax Accountant
Here are tips for finding a professional with the specialized tax expertise you need. Remember that you, not the accountant, are ultimately responsible for the information included on your tax return.
- Be wary of an accountant who promises you big refunds or that says you can deduct everything under the sun.
- Don't be afraid to shop around or to change accountants if you're not satisfied or comfortable.
- Local, independent firms often specialize in the tax needs of individuals and small businesses, but ask if the firm has the expertise to handle your taxes if there's anything unique about your situation.
Velin and Associates, Inc has highly experienced tax accountant in Los Angeles. They stand for hard work, integrity and a commitment to serving their clients. Nothing takes precedence over their obligation to meet client's needs.
Questions to Ask to the Accountant
Tax professionals are subject to various federal and state regulations. Asking these questions can help ensure that you find someone who is experienced and trustworthy.
- What licenses or designations do you have?
- How long have you been in the tax business?
- What tax issues do you specialize in?
- What are your fees?
- Do you outsource any of your work or do you perform all the work personally?
- Approximately how long will it take you to finish my taxes?
- What's your privacy policy? Will you share my tax information with any third parties?
- Do you believe that I'm paying too much, too little, or just the right amount of tax?
Contact Information
7315 Sunset Blvd., Suite D
West Hollywood, CA 90046
Phone: (323) 902-1000
Fax: (323) 403-0404
Direct: (323) 528-1512