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Choosing a Professional: Frequently Asked Questions
Hiring a tax, accounting or financial professional is a significant decision. These answers explain what to look for and what to expect.
What is the difference between a CPA and other tax preparers?
A Certified Public Accountant is licensed by a state board after meeting education and experience requirements and passing a national exam. CPAs must complete continuing education and follow professional standards. Other preparers range from enrolled agents and attorneys, who also have unlimited rights to represent clients before the IRS, to seasonal preparers who may have minimal training. Always ask about a preparer's credentials.
How do I verify someone's license?
Georgia CPAs are licensed by the state, and you can look up a license through the state licensing board. Any paid preparer must also sign your return and include a Preparer Tax Identification Number. The IRS offers tools at irs.gov for checking a preparer's credentials.
What should I bring to a first meeting?
Bring last year's tax returns, any notices from the IRS or the Georgia Department of Revenue, and a summary of what has changed in your life or business since. Be ready to describe your goals, since the best advice depends on what you are trying to accomplish.
How are fees usually set?
Professionals charge by the hour, by a fixed fee for a defined project, or a monthly fee for ongoing services. Ask for an explanation of the fee and what it covers before work begins. Be cautious of anyone who bases their fee on the size of your refund.
Is my information kept confidential?
CPAs are bound by professional confidentiality rules and by federal rules governing tax return information. You should still ask how the firm stores and transmits documents, and whether it uses a secure portal rather than email attachments.
What if I disagree with advice I receive?
Ask the professional to explain the reasoning and the authority behind it. A good advisor welcomes questions. You are also free to get a second opinion on any significant decision.
Do I still have responsibility for my return if a professional prepares it?
Yes. You sign the return, and you are ultimately responsible for its accuracy. Review it before it is filed, ask about anything you do not understand, and give your preparer complete and honest information.
If you are looking for a professional to work with, get in touch with us and we can discuss how we might help.
This article is general information, not tax, legal or investment advice for your specific situation.