Dealing with the IRS is never fun, but many entrepreneurs don’t understand how to avoid having run-ins with the Internal Revenue Service in Galt CA. As a result, they end up losing thousands of dollars, and some may even have their companies shut down. In order to ensure that this doesn’t happen to you, it’s vital to have an accountant on your side who can properly prepare and submit your taxes. If you’re currently looking for a qualified professional to help you with your taxes, here’s what you need to know:
Start Early
While problems with the IRS can and do arise when you submit forms with incorrect information, many business owners’ problems start before tax season. For example, a failure to keep proper mileage records for a car that you use for business and personal reasons could lead to your inability to accurately report that mileage on your taxes (which is considered fraud). If you hire an accountant early, he or she will be able to help you plan and prepare for tax season so that you won’t be concerned about triggering an IRS audit or getting fined for something you did wrong.
Avoid False Claims
When you’re searching for the right accountant to help you prepare your business taxes, make sure that you don’t fall for anyone’s claims that they can get you a higher refund than someone else. Unfortunately, those that engage in this type of behavior are often unscrupulous scammers who intend to commit tax fraud in order to make good on the promise they’ve made you. When you have an accountant on your side who knows your company well and provides good advice on how to structure your business to avoid huge tax liabilities, you won’t need to worry about whether you’re getting the best return on your investment.
Making sure that your business runs smoothly is part of what makes your company successful. Instead of worrying about whether your taxes are being done properly, consider contacting the professionals at Symons Accountancy. Not only will you be able to have peace of mind about your status with the IRS, you’ll also be able to work with experts who will do everything in their power to ensure that your business continues to thrive for many years to come.
