First, not all tax preparers are the same. I previously wrote an article about this last year titled: "Tax Software Philippines - Are they really all created equal", and you may be as surprised as other readers about just how much Tax Software Philippines return preparation can vary.
In fact, I calculated the average savings I typically find from annual tax savings, reducing professional fees and audit assessments. In total, the average savings are:
Second, the right tax preparer for you depends on what is important to you. Take a minute to answer this question:
WHAT MAKES YOUR TAX RETURN SUCCESSFUL?
How you answer this question will impact what type of Tax Software Philippines you need on your team. I've asked this questions to clients, prospects and colleagues. I have compiled the most popular answers and what it means to you as you find the tax preparer for your team.
A: Your tax preparer needs to know how the tax law applies to your situation. Having other clients in your industry or with similar investments indicates that the tax preparer is likely to be familiar with the tax laws that impact you.
Q2: Who will be working on my tax return?
A: It's very common (and a good business practice) for tax preparers to have staff prepare your tax return. You want to make sure the other people working on your return have the same level of expertise.
Q3: What is your tax return review process?
A: Tax preparers who are focused on reducing your taxes will have this built into their review process. Usually it involves having another experienced tax preparer review the return solely for the purpose of finding ways to reduce your taxes.
Q4: What would you have done differently on my past tax return?
A: Show the tax preparer you are interviewing your prior year tax return. Creative tax preparers will be able to give you at least one idea of what you can do to reduce your taxes by looking at your tax return for just a few minutes. If it's creativity you are after, this is a great question to ask! But don't expect the tax preparer to give you all the details right then and there - that's why you pay them!
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