Everyone knows how they should find a CPA but very few are aware of how they should find a good CPA. There is a big difference between working with any CPA and working with a good CPA. Experienced financial advisors who have been in the field for the last 30 years have seen the good, the bad and the very ugly people who charge you a huge amount for offering tax advice. In fact an entire book could be written on how unqualified CPAs can ever be and how they can take a toll on the finances of their client.
They give wrong information and direction on how you should answer a letter and respond to the IRS. If you wish to ensure that the same thing doesn’t happen to you, there are few considerations that you need to make.
- You may not receive what you pay
In case your tax situation is complex enough, you should definitely steer clear from the shady tax preparers. You shouldn’t do it all by yourself, use a software package or go to a tax mill factory like Hewitt or HR Block. These are always bad options but for some, they’re perfect. You would want a trustworthy and reputable tax representative whenever your situation demands it. Because of the fact that you’re spending a fortune on CPA, you should make sure he provides you with the best services.
- Don’t believe in referrals fast
There are many clients who are left in the dark by the CPA as they don’t share any vital information with them about their finances. Such people refer the CPAs to other people not knowing how harmful they can be. Hence, before you believe in the referral sources as soon as you get them, make sure you know about them from other clients or check about them on Google or other review sites.
- Ask the right questions
Once you’ve got a list of at least 5 CPA candidates, you have to ask few questions like:
- What kind of client should you focus on?
- How long to go before you retire?
- How long were you in business?
- What do you charge?
- Do you protect against audit?
- How many returns were audited in the previous year?
- How many clients do you have?
Therefore, if you’re finding a CPA in Israel, you can check out pstein.com to know more on the CPAs that you can hire in Israel.