Many small businesses find themselves on the wrong side of the IRS by erring when it comes to choosing an agency for tax preparation in Queens Village. This is more so the cases as most people have vague knowledge about taxation laws, feel intimidated by them and tend to trust such agencies and whatever they say. Given the demand for tax preparation and payroll processing services in NY, there are many agencies with questionable credentials that have made their way into this business. How do you spot them? How do you separate a professional agency from one that can land you into trouble? Here are some of the traits that would help you spot agencies that you shouldn’t hire. • They Charge You A Percentage Of Refund Amount – This may sound to be a very attractive proposition and you may feel you are going to work with a team of professionals who put accountability before everything else. But the fact is the top-rated companies that offer tax preparation in Queens Village, NY and other parts of the country don’t follow this model. Such companies would often use dubious means to increase your refunds such as inflating your non-existent dependents or understating your income. In the long run, you would face the wrath of IRS and attract charges that can put you out of business. • They Ask You To Sign A Blank Form – “Sign here Sir and we shall take care of the rest.” If you have heard this from the tax preparer its time you say them Good Bye. Since childhood, we are taught not to sign a document without reading it and you should not ignore this important childhood lesson. This often results in false information being filed under your name which can put you into trouble in the future. Even if the agency has all the right intention this is no way of doing things professionally. Though you may not be able to comprehend all that is mentioned in the form you definitely know the facts and figures of your business which you can verify before signing. • They Don’t Have PTIN Qualification – The first thing that you should ask a tax preparer is whether they have a PTIN or Preparer Tax Identity Number. In fact, this is one of the best ways for you to separate a professional agency from those that have questionable credentials. Since 2012 IRS has made it necessary for all tax preparers to have a PTIN and this is issued when they meet the minimum qualifications and have all the other necessary credentials. This has helped filter dubious agencies to a very large extent. Also if there is a situation where your tax preparer needs to represent you before the IRS they need to possess a PTIN. When you keep these things in mind you will be able to find the right agency for tax preparation in Queens Village, NY. There are a number of agencies that are offering these services and it would be worth verifying their credentials beforehand. About Author: Frank Brue is a tax preparer and works with an agency that offers tax preparation in Queens Village and payroll processing services in NY.
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