Wednesday, September 22, 2010

A Good Accountant Is More than Just a Number Cruncher

One of the most important things that your Florida accountant will do for you is prepare and file your tax returns. You know how big of deal this can be. Nobody wants to get audited, but sometimes it is just time for your number to be called. When that day arrives and you get the notice from the IRS in the mail that you are going to be audited, you need to be able to be confident that nothing will come of the audit. If you took the time to find a reputable and trustworthy accountant you will have nothing to worry about.

Finding an accountant that is knowledgeable about tax laws is important. Your accountant’s job involves more than just being good with numbers. They need to be able to limit your tax liability as much as possible without leaving your vulnerable to penalties. Tax laws are complicated, and hiring an accountant that is not familiar with them can be a big mistake. Even if your accountant has the best of intentions, if they are unfamiliar with the laws and regulations, they may be leaving deductions on the table. Even worse, they may be telling you that you can deduct some things even if you cannot. Leaving money on the table is bad, but taking money that should not have been yours in the first place will cause big headaches for you should you ever be audited.

Take the time to sit down and interview your potential Florida accountant. Make sure that they are knowledgeable about current tax laws and regulations. Find out what the results of audits performed on their work has been, and there are likely to have been at least a few audits, and make sure that you are comfortable with the choice you select.
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