Pros & Cons of Hiring an Accountant to Do Taxes

Aug 6

As a business owner, your to-do list is endless, and your time is your most precious resource. Every hour you spend trying to decipher complex tax forms, track down receipts, and worry about changing regulations is an hour you can’t spend serving clients, developing products, or leading your team. While it might seem practical to handle it yourself, tax law is a full-time job. Hiring an accountant to do taxes isn't an admission of defeat; it's a strategic decision to delegate. You're an expert in your field, and they are an expert in theirs. By handing over this critical but time-consuming task, you reclaim your focus and energy for what truly drives your business forward, making it a powerful move for productivity and growth.

Key Takeaways

Think of a tax pro as a strategic partner, not just a preparer: The real value isn't just in filing your return correctly, but in gaining a year-round advisor who saves you time, uncovers hidden deductions, and helps you build a forward-thinking financial strategy.
Prioritize credentials and relevant industry experience: Your business deserves specialized expertise. Vet candidates by confirming their credentials (like a CPA or EA) and asking about their experience with businesses similar to yours to ensure they understand your unique challenges and opportunities.
Your preparation and communication make the partnership work: You can get better results and a smoother experience by keeping your financial documents organized and being clear about your business goals. This allows your accountant to focus on high-value strategic advice.

The Real Benefits of Hiring a Tax Pro

Deciding to hire a tax professional feels like a big step, but it’s one of the smartest investments you can make for your business. It’s about more than just getting your annual filing done; it’s about gaining a strategic partner who can help you build a healthier financial future. When you’re running a business, your plate is already full. Adding the complexity of tax law on top of everything else can be overwhelming and lead to costly mistakes.

A great tax pro does more than fill out forms. They bring a trained eye to your finances, helping you see the bigger picture. They can identify opportunities you might have missed and flag potential risks before they become problems. Think of it this way: you're an expert in your field, and they're an expert in theirs. By letting them handle the intricate details of your taxes, you free yourself up to focus on what you do best—growing your company. The real value isn't just in the numbers they file, but in the clarity, confidence, and time they give back to you.

Get Your Taxes Done Right

One of the biggest reasons business owners turn to a professional is for accuracy. Tax laws are constantly changing, and keeping up with the latest rules and forms is practically a full-time job. A Certified Public Accountant (CPA) or other qualified tax pro makes it their business to stay current on every little detail. This ensures your return is filed correctly and complies with all regulations, which significantly reduces your risk of errors that could trigger penalties or an audit. It’s their job to understand tax law changes so you don’t have to. Handing your taxes over to an expert provides confidence that everything is handled correctly from the start.

Save Your Most Valuable Asset: Time

As an entrepreneur, your time is your most precious resource. The hours you could spend trying to understand complex tax forms, gathering receipts, and double-checking your work are hours you can’t spend on generating revenue, serving clients, or developing new products. Tax preparation can be incredibly time-consuming, especially when you have business income, investments, or employees. A professional streamlines this entire process. They know exactly what documents they need from you and can handle the preparation efficiently, giving you back the time and mental energy to focus on your business. It’s a simple trade-off that pays for itself in productivity.

Find Every Deduction and Credit

Are you confident you’re taking every single deduction and credit you’re entitled to? Tax professionals are trained to find savings opportunities that many business owners and even DIY software can miss. They know the nuances of industry-specific deductions, depreciation rules, and tax credits that can substantially lower your tax bill. A pro might identify business expense deductions you weren't aware of or suggest a more advantageous way to structure your finances for future savings. Their expertise often translates directly into keeping more of your hard-earned money, making their fee a worthwhile investment.

Gain Peace of Mind with Audit Support

The word "audit" is enough to make any business owner nervous. While the chances may be low, the possibility is always there. If the IRS does have questions about your return, having a tax professional in your corner is invaluable. A CPA or Enrolled Agent can represent you and communicate with the IRS on your behalf. They understand the audit process and know how to respond to inquiries effectively. This support provides incredible peace of mind, knowing you have an expert to manage the situation and advocate for you, letting you stay focused on your business instead of dealing with tax authorities.

How Much Does a Tax Accountant Cost?

Let’s talk about the bottom line. Hiring a tax professional is an investment, and like any business expense, you want to understand the cost. The price for hiring an accountant isn't one-size-fits-all; it shifts based on your specific needs, the complexity of your finances, and the accountant's level of expertise. While it might be tempting to go with the cheapest option or stick with DIY software, it’s helpful to frame this as a strategic investment rather than just a cost. The right accountant doesn't just file your return; they provide a service designed to save you money, reduce stress, and give you confidence in your financial standing.

The goal is for the value you receive—in tax savings, time returned to you, and priceless peace of mind—to far outweigh the fee. For business owners, this is especially true. An experienced accountant can identify strategic opportunities for deductions and credits that software might miss, helping you build a tax plan that supports your growth year-round. The average cost of tax preparation can vary widely, but understanding what drives that cost helps you see where your money is going and the expertise you're paying for. It's about moving from a reactive, once-a-year task to a proactive financial strategy that benefits your business all year long. Think of it less as paying someone to fill out forms and more as partnering with an expert who can help you make smarter financial decisions.

What Determines the Price?

So, what exactly goes into the final number on your invoice? Several key factors influence the cost of hiring a tax accountant. The biggest driver is complexity. A straightforward personal return with one W-2 is very different from a business return with multiple revenue streams, investments, and depreciation schedules. The more complex your financial picture, the more time and expertise are required.

Other factors that shape the price include:

The type of return: A small business S corp return will cost more than a sole proprietor’s Schedule C.
The accountant’s experience: A seasoned CPA with specialized industry knowledge will likely charge more than a general tax preparer.
Your location: Rates often vary by region, with higher costs in major metropolitan areas.
Your organization: Here’s one you can control. If you hand over a shoebox of crumpled receipts, expect to pay more than if you provide neatly organized digital files.

A Look at Typical Costs

While prices are specific to your situation, it’s useful to have a general idea of what to expect. For a standard individual tax return, you might see fees ranging from $150 to $450. Simpler returns can fall on the lower end of that spectrum, while more complex individual filings with investments or rental income will be higher.

For business owners, the investment is naturally greater due to the added complexity. Tax preparation for a small business can range from around $1,200 to over $2,500. This fee reflects the detailed work involved in handling business income, expenses, payroll taxes, and state-specific filings. Remember, this cost covers more than just data entry; it’s for professional guidance to ensure compliance and optimize your tax position, making it a critical part of your business's financial toolkit.

What to Look For in a Tax Accountant

Finding the right tax accountant is a lot like hiring a key team member. You’re not just looking for someone to fill out forms; you’re searching for a strategic partner who can help protect your business and guide its financial future. The person you choose will have a significant impact on your bottom line and your peace of mind, so it’s worth taking the time to find a great fit.

While many different types of people can prepare tax returns, not all have the same level of training or are held to the same professional standards. When you’re vetting candidates, you’ll want to look beyond their fee structure and focus on three key areas that truly matter: their credentials, their official standing with regulatory bodies, and their experience with businesses just like yours. Getting these things right from the start will save you headaches down the road and help you build a lasting, valuable relationship with someone who genuinely understands your goals. This isn't just about compliance; it's about finding an advisor who can help you make smarter financial decisions all year long.

Check for Credentials (CPA, EA)

First things first, let’s talk about the alphabet soup after a tax pro’s name. While some preparers don't have special credentials, you’ll want to look for a Certified Public Accountant (CPA) or an Enrolled Agent (EA). A CPA is state-licensed and has a broad background in accounting that goes beyond taxes, which is incredibly valuable for business planning. An EA is a tax specialist who has been certified by the IRS, meaning they have deep and specific knowledge of tax law. Both are required to take continuing education courses to stay sharp, and both can represent you before the IRS if any issues come up.

Confirm Their Licensing and Registration

Once you’ve confirmed a potential accountant has the right credentials, the next step is to verify them. Think of it as a background check for your company’s financial health. Any professional who prepares federal tax returns for a fee must have a Preparer Tax Identification Number (PTIN). You can and should use the official IRS Directory of Federal Tax Return Preparers to look up a preparer and confirm their credentials are valid and in good standing. For CPAs, you can also check with their respective state board of accountancy. This simple step ensures you’re working with a legitimate professional who is authorized to handle your taxes.

Look for Relevant Industry Experience

This might be the most important factor for a business owner. Tax law isn’t one-size-fits-all, and you need an accountant who understands the specific financial landscape of your industry. An accountant who primarily works with freelance graphic designers may not know the nuances of inventory accounting for an e-commerce brand or the R\&D tax credits available to a tech startup. When interviewing candidates, ask them directly about their experience with tax situations similar to yours. A great accountant will be able to speak your language and offer proactive advice tailored to your business.

When Do You Need a Tax Accountant?

Deciding whether to hire a tax accountant can feel like a big step. While plenty of people are comfortable using tax software, there are specific times when calling in a professional is the smartest move you can make. It’s not just about having a complicated financial life; sometimes, it’s about managing a new chapter, whether in your business or personal world. If you find yourself in any of the following situations, it’s probably a good time to find an expert who can offer clarity and help you make the most of your financial picture.

Your Tax Situation is Complex

Let’s be honest: the tax code isn’t exactly light reading. It’s dense, confusing, and seems to change every year. If you’re juggling multiple income streams, dealing with stock options, or have investments in cryptocurrency or foreign assets, your tax return can quickly become a tangled mess. This is where a tax pro shines. They stay on top of all the rule changes so you don’t have to. A professional can ensure your taxes are done correctly and follow the law, which is crucial when tax rules and forms are constantly in flux. It’s their job to handle the complexities, ensuring you’re not only compliant but also taking advantage of every rule that works in your favor.

You Own a Business or Are Self-Employed

Running a business is more than a full-time job, and adding "tax expert" to your resume is a tall order. Business taxes are fundamentally different from personal taxes, with their own set of rules, deadlines, and forms. Whether you’re an S Corp, LLC, or a solo freelancer, a tax accountant can be your greatest ally. They do more than just file your return; they provide year-round strategic advice. Professionals in this field specialize in finding ways for small businesses to save money on taxes. They can help you with everything from structuring your business for optimal tax benefits to managing quarterly payments and identifying industry-specific deductions you might have missed.

You've Had a Major Life Change

Life doesn’t stand still, and major milestones almost always have financial ripple effects. Getting married or divorced, welcoming a new baby, buying a house, or even receiving an inheritance can dramatically alter your tax situation. Each of these events comes with new credits, deductions, or filing requirements that you might not be aware of. Instead of trying to figure it all out on your own during an already busy time, an accountant can guide you through the changes. As tax experts point out, a CPA can help you adjust when life events change your financial picture. They’ll make sure your withholding is correct and help you plan for what’s ahead.

You Have Investment or Rental Income

If you’re earning money from investments or rental properties, your financial picture has an added layer of complexity. Calculating capital gains and losses, understanding depreciation for your rental, and meticulously tracking every related expense can be overwhelming. This is a classic scenario where bringing in a professional is a wise move. An accountant can help you manage the intricate details of reporting this income correctly. When your taxes involve rental properties or multiple assets, hiring a CPA is often a good idea to ensure you’re maximizing deductions—like mortgage interest, property taxes, and maintenance costs—while staying fully compliant. This peace of mind alone is often worth the investment.

How to Find and Vet the Right Tax Accountant

Finding the right tax accountant is about more than just handing off your receipts. It’s about finding a strategic partner who understands your business, anticipates your needs, and helps you build a solid financial future. A great accountant provides clarity and confidence, not just a completed tax return. The process of finding this person requires a bit of homework, but the peace of mind you’ll gain is well worth the effort.

Your search should be a multi-step process. Start by gathering names from people you trust, then do your own research to verify their credentials and reputation. Professional directories are an excellent resource for confirming that a candidate is in good standing. Finally, you’ll want to sit down and talk with your top choices. This final interview is your chance to gauge their expertise, communication style, and whether they’re the right fit for your company’s culture and goals. Taking these steps ensures you find someone who will be a true asset to your business.

Ask for Recommendations

One of the best ways to find a reliable accountant is to ask for referrals. Start with your own professional network. Talk to other business owners, especially those in your industry, and ask who they use and what their experience has been like. Your lawyer and your banker are also great sources for recommendations, as they regularly work with reputable financial professionals. Don’t forget to check with your local Chamber of Commerce or other business associations. A personal referral often gives you a head start, as it comes with a built-in layer of trust and firsthand insight into an accountant’s work ethic and communication style.

Read Online Reviews

Once you have a few names, it’s time to do some online reconnaissance. While a personal referral is a great starting point, you should still see what others are saying. Look for online reviews on sites like Google and Yelp, but also check for testimonials on the accountant’s own website. Read beyond the star ratings to understand the context behind the feedback. Are clients praising their responsiveness and clear communication? Or are there complaints about missed deadlines and surprise fees? These reviews can offer valuable clues about what it’s really like to work with them and help you narrow down your list to the most promising candidates.

Search Professional Directories

Before you schedule any meetings, take a moment to verify each candidate’s credentials. Reputable tax professionals are typically licensed and registered with professional organizations. A great place to start is the IRS Directory of Federal Tax Return Preparers, which allows you to find preparers in your area who hold professional credentials recognized by the IRS. You can also check with state-specific boards of accountancy to confirm that a CPA’s license is active and in good standing. This step provides an essential layer of security, ensuring that the person you hire is qualified, legitimate, and accountable for their work.

Interview Your Top Candidates

The final step is to interview your top two or three candidates. This is your opportunity to find the best fit for your business. Don’t be shy about asking direct questions. Prepare a list beforehand covering their experience with businesses of your size and in your industry. Ask about their fees, how they structure their pricing, and what’s included in their services. Inquire about their communication style and how often you can expect to hear from them. This conversation is as much about personality and rapport as it is about technical skill. You’re looking for a long-term partner, so make sure it’s someone you trust and enjoy working with.

What to Expect When You Work with an Accountant

Working with an accountant for the first time can feel a bit like a blind date—you’re not quite sure what to say or what they’ll think of your financial situation. But let me put your mind at ease: the process is designed to be a partnership. A good accountant isn’t there to judge your past spending habits; they’re there to help you build a stronger financial future. The entire process, from the first handshake to the final filed return, is a structured conversation aimed at getting you the best possible outcome. It’s about taking the weight of tax compliance off your shoulders so you can focus on what you do best—running your business. Think of it as bringing in an expert strategist to join your team. They’ll get to know your business, organize your financial data, and execute a plan. Let’s walk through the three main steps you can expect.

Step 1: The Initial Consultation

This first meeting is all about discovery. It’s your chance to share your story—what your business does, what your goals are, and what financial challenges you’re facing. It’s also the accountant’s opportunity to explain how they can help. You’ll discuss your specific tax situation, and they’ll ask questions to understand the full picture. Remember, there are different kinds of tax preparers, from CPAs to enrolled agents. This initial chat is the perfect time to make sure you’re choosing a tax professional with the right expertise for your business needs. Come prepared with your biggest questions, and don’t be afraid to ask about their experience with businesses like yours.

Step 2: Gathering Your Documents

Once you’ve decided to move forward, it’s time to gather your financial information. Your accountant will provide a checklist, but you can get a head start by organizing key documents like income statements, balance sheets, records of major expenses, and payroll reports. The more organized you are, the more efficiently your accountant can work, which ultimately saves you time and money. It might feel like a bit of homework, but taking the time to have all your financial papers ready and accessible makes the entire process smoother. If you use accounting software, you can often just grant your accountant access, simplifying this step even further.

Step 3: Review, Filing, and Follow-Up

This is where you get to see your accountant’s expertise in action. They’ll take all your documents and prepare your tax return, making sure every detail is accurate and every potential deduction is claimed. Before anything is filed, they will review the completed return with you, explaining the results and answering any questions. Once you give the green light, they’ll file it for you. But the support doesn’t end there. Should the IRS have any questions, your accountant can communicate with the IRS on your behalf, providing a crucial layer of support and giving you incredible peace of mind.

How an Accountant Helps You Save More

Hiring an accountant isn't just about getting your taxes filed on time; it's about making your money work harder for you. A great accountant acts as a financial partner, looking beyond the numbers on a spreadsheet to find real opportunities for savings. They shift your tax process from a reactive, once-a-year scramble to a proactive, year-round strategy. This approach not only reduces your tax liability but also provides the financial clarity you need to run your business with confidence. Let’s look at two of the biggest ways a professional helps you keep more of your hard-earned money.

Uncover Overlooked Deductions

Tax software is smart, but it can't ask the clarifying questions a real person can. An experienced accountant looks deeper into your finances to find all the tax deductions and breaks you're entitled to but might have missed. They understand the nuances of your specific industry and business structure, allowing them to spot opportunities that generic software overlooks. Think of expenses like the business use of your car, home office costs, or industry-specific software subscriptions. An accountant ensures you’re not leaving money on the table, which directly lowers your tax bill and improves your bottom line.

Build a Year-Round Tax Strategy

The most significant savings come from planning ahead, not just looking backward. A skilled accountant helps you build a forward-thinking tax strategy that aligns with your business goals. They specialize in proactive tax planning, helping you make smart choices throughout the year about investments, retirement savings, and equipment purchases to optimize your tax position. For business owners, they provide crucial advice on the best structure for your company—whether it's an S Corp, C Corp, or LLC—to maximize tax advantages. This ongoing guidance turns tax season into a predictable, stress-free part of your financial plan.

DIY vs. Hiring a Pro: Which is Right for You?

Let's be honest, the idea of doing your own taxes can be tempting. Tax software has come a long way, and if your financial picture is straightforward—say, one source of income and the standard deduction—it might be all you need. It’s often cheaper upfront and can feel empowering. But for many business owners and entrepreneurs, "simple" isn't part of the daily vocabulary. As your finances grow, the DIY route can become less of a solution and more of a liability.

The real turning point is complexity. If your money situation changes—like starting a business, hiring your first employee, or dealing with investment income—a professional can guide you through the nuances. They stay on top of constantly changing tax laws to make sure your return is accurate and compliant, which is a huge weight off your shoulders. While the upfront cost of hiring an accountant is a common concern, it’s helpful to see it as an investment. A skilled professional will likely find deductions and tax breaks you’d otherwise miss, which could end up paying for their services and then some.

Think about the time you get back, too. For a busy entrepreneur, hours spent wrestling with tax forms are hours not spent generating revenue, serving clients, or improving products. Handing off your taxes frees you up to focus on what you do best. Ultimately, the decision comes down to your specific circumstances. If you’re facing a tax situation that feels overwhelming or you simply value your time more than the cost of hiring help, bringing in a pro is one of the smartest moves you can make for your business.

How to Be a Great Client

The relationship you have with your accountant is a partnership. When both sides work together effectively, you get more than just filed taxes—you get a strategic ally dedicated to your financial success. Being a "great client" isn't about knowing everything; it's about being engaged, prepared, and communicative. This approach not only makes the process smoother for your accountant but also directly benefits you by leading to more accurate results, deeper insights, and a more efficient use of your time and money. Here’s how you can set your partnership up for success from day one.

Communicate Clearly and Often

Clear communication is the foundation of a strong working relationship. Before you even begin, it’s important to find an accountant whose communication style matches your own. Be upfront about your expectations, business goals, and budget. Your accountant can’t read your mind, so telling them exactly what you need helps them tailor their services effectively. Don't hesitate to ask questions about their process, what software they use, or how often you can expect updates. When you hire a CPA, establishing these details early prevents misunderstandings down the road and ensures everyone is on the same page, working toward the same objectives for your business.

Keep Your Financials Organized

One of the best things you can do to make the tax process seamless is to keep your financial records in order. When you hand over a neat set of documents, your accountant can get to work on strategy and analysis right away instead of spending valuable time sorting through receipts. This preparation can directly impact your bill, as many accountants charge based on the time it takes to complete your return. More organized clients often see lower fees. Before your meeting, gather key documents like bank and credit card statements, payroll records, and records of income and expenses. This simple step saves time, reduces stress, and allows your accountant to focus on finding you every possible deduction.

A Few Top Tax Services to Consider

Finding the right tax service depends entirely on your specific needs. Are you an individual with a straightforward return, or a business owner managing complex financials? The landscape of tax help is vast, ranging from DIY software with expert support to full-service accounting firms. To help you get a sense of what’s out there, here’s a look at some of the top options available, from well-known national brands to global industry leaders. This will give you a clearer picture of where to turn, whether you need simple filing assistance or a strategic financial partner for your business.

Seamless Accounting

We specialize in providing a holistic financial picture for business owners. At Seamless, we go beyond just filing your taxes once a year. Our services include year-round tax planning, outsourced bookkeeping, and fractional CFO support to help your business become more profitable and transaction-ready. We build strong relationships with our clients—who are often entrepreneurs, family-owned businesses, or private equity portfolio companies—to deliver personalized, strategic solutions that reduce stress and create financial clarity. Our goal is to be your long-term financial partner, not just your seasonal tax preparer.

H\&R Block

A household name for a reason, H\&R Block is a go-to for many individuals and small business owners who want flexible options. You can choose to file your taxes completely online using their software, get help from a remote tax pro, or visit one of their many physical locations for an in-person consultation. Their accessibility and range of services make them a solid choice for those with relatively standard tax situations who appreciate having the option for face-to-face guidance if they need it.

TurboTax Live

If you like the idea of doing your own taxes but want a safety net, TurboTax Live is a popular hybrid option. It combines the convenience of their well-known DIY software with the ability to get on-demand advice from a credentialed tax expert. You can share your screen and get live answers to your questions or have an expert do a final review of your return before you file. It’s a great middle-ground for filers who have a few tricky spots but don't need a full-service accountant.

Jackson Hewitt

Similar to H\&R Block, Jackson Hewitt offers a mix of online and in-person tax preparation services. They have thousands of locations, many conveniently located inside Walmart stores, making them highly accessible during tax season. They cater to a wide variety of tax situations and are known for their focus on customer service and providing clear, straightforward tax help. If you value having a local office you can stop by, they are a reliable and well-established option.

Liberty Tax

Known for its friendly, neighborhood feel (and those famous Statue of Liberty wavers), Liberty Tax provides tax preparation with a personal touch. They offer services online and through their network of local offices. They pride themselves on being approachable and involved in their communities, making them a comfortable choice for individuals and small businesses who might feel intimidated by the tax process and are looking for a supportive, down-to-earth experience.

Ernst & Young

As one of the "Big Four" accounting firms, Ernst & Young (EY) operates on a global scale. Their tax services are designed primarily for large, multinational corporations and high-net-worth individuals with incredibly complex financial situations. They offer deep expertise in areas like international tax law, transaction advisory, and corporate tax strategy. For a large enterprise managing intricate global regulations, EY is a powerhouse of knowledge and resources.

Deloitte

Another member of the Big Four, Deloitte provides a vast suite of tax, consulting, and advisory services to major corporations around the world. Their tax practice is known for leveraging technology and innovation to handle sophisticated challenges, from M\&A tax implications to supply chain planning. Businesses with complex, global operations often turn to Deloitte for their deep industry knowledge and ability to manage multifaceted financial and regulatory requirements.

PwC

PricewaterhouseCoopers, or PwC, is a global leader offering extensive tax services for both large corporations and wealthy individuals. Their expertise covers everything from corporate tax compliance and strategy to personal financial and tax planning for executives. With a massive global network, they are equipped to handle the most complex cross-border tax issues, making them a top choice for multinational organizations seeking comprehensive and strategic tax guidance.

KPMG

The fourth member of the Big Four, KPMG, provides a wide array of tax services to a global client base. They are recognized for their strategic approach to tax, helping large organizations with compliance, consulting, and controversy. KPMG focuses on delivering industry-specific insights to help businesses manage the constantly changing tax landscape. Their services are best suited for large corporations with complex domestic and international tax needs.

BDO USA

While still a major global accounting network, BDO USA is often noted for its focus on serving mid-market companies, offering a more personalized touch than some of the larger Big Four firms. They provide a full range of tax compliance and advisory services, with a reputation for strong client service and deep expertise across various industries. For a growing business that needs sophisticated tax help but still values a close working relationship, BDO can be an excellent fit.

Frequently Asked Questions

Is hiring an accountant really worth the cost for my small business? That’s the million-dollar question, isn’t it? Think of it this way: a good accountant shouldn’t be an expense, but an investment that pays for itself. Their goal is to save you more than their fee through strategic tax planning, uncovering deductions you didn’t know existed, and saving you dozens of hours of work. The real value isn't just in the return they file, but in the financial clarity and confidence they provide, allowing you to make smarter business decisions all year long.

My tax software claims it can find every deduction. How is a real person any different? Tax software is a fantastic tool, but it’s just that—a tool. It can only work with the information you give it and can't ask clarifying questions. An accountant understands the context behind your numbers. They can ask about your five-year plan, the new service line you’re considering, or the nuances of your industry to offer proactive advice. It’s the difference between following a recipe and having a chef in your kitchen who can create a custom meal based on your specific tastes and what’s fresh at the market.

When is the best time to find a tax professional? Should I just wait until tax season starts? Please don’t wait until January! The best time to find an accountant is during the off-season, like in the summer or fall. This gives you time to find the right person without the pressure of a looming deadline. More importantly, it allows them to review your finances and help you make strategic moves before the year ends. This proactive planning is where the most significant savings are found, turning tax time from a stressful scramble into a predictable part of your business strategy.

I'm a new business owner. At what point do I absolutely need to stop doing my own taxes? There isn't a magic number, but there are clear turning points. You should strongly consider hiring a pro when you hire your first employee, form an official business entity like an LLC or S Corp, start carrying inventory, or simply feel that your time is better spent growing your business than wrestling with tax forms. If your financial situation has more moving parts than it did last year, that’s your cue to bring in an expert.

What if I'm not happy with my current accountant? Is it difficult to switch? Switching accountants is much more common and easier than you might think. You have every right to find a partner who is the best fit for your business. A professional firm will have a standard process for offboarding a client and will provide you (or your new accountant) with copies of all your past returns and supporting documents. Don't feel stuck in a relationship that isn't providing the value or communication you need.

Brad Parker