Small business owners can identify tax advisors by asking for recommendations from other professionals such as accountants, seeking personal referrals, checking out professional directories and following leads from advertisements. Before seeking help from a tax advisor, business owners will want to decide what kind of help they need and how much they’re willing to pay. After picking some candidates, interviews and background checks can help whittle the list. The help of a knowledgeable and attentive tax advisor can significantly affect a business’s financial performance. Tax Advisor Basics A tax advisor can give a business owner guidance about how to reduce taxes. Tax advisors are often called in to prepare tax returns, plan for managing future taxes and navigate major events such as the sale of a business, all with an eye to minimizing tax liability. The role of a tax advisor is often handled by an accountant, attorney or tax return preparer. Enrolled agents , certified public accountants and attorneys carry professional designations and are licensed and overseen by government regulators. Tax return preparers are registered with the Internal Revenue Service However, anyone can call themselves a tax advisor. There’s no specific certification requirement for giving tax advice. Getting […]