Should I Hire a Tax Consultant for My Business?

If you’ve filed your personal taxes, you may think it’s equally simple to file your business taxes yourself. However, filing your personal taxes and filing your business taxes are two separate conversations because business tax season lasts throughout the year. For some business owners, the topic of taxes is pretty overwhelming and they aren’t sure where to begin. A tax consultant is a tax professional who has credentials and can give advice on tax planning, helping to make the business tax filing process much easier.

Tax Season for Businesses

Because tax season for businesses lasts the entire year, business owners should touch base with their tax consultants at least every quarter. Not sure if you need a tax consultant? Here are a couple of signs to look for:

• Your business has seen growth over the past year
• As a business owner, you find that you are personally spending far too much time focusing on accounting
• You are unfamiliar with financial/tax jargon
• The thought of “taxes” fills you with anxiety

4Corner has a team of seasoned professional tax advisors who are well-versed on all things taxes. Our team not only works with our clients to put together tax saving strategy plans, but helps guide them through the process, which can save you money, decrease stress, and give you more time to focus on running your business.

Benefits of a Tax Consultant

Not only can a professional tax consultant advise you on filing your business taxes, a tax consultant can also prepare your taxes. We recommend that your accountant/tax consultant prepare both your personal taxes and your business taxes so that you can manage your tax savings. Tax consultants are also up-to-date on the latest tax laws and regulations, helping to steer you in the right direction.

In addition, a professional tax advisor knows what to look for when filing business taxes, including:

•  How to save you money
•  What to do should you be audited
•  Putting together a tax savings strategy

Taxes don’t have to be a headache. With the expert help of 4Corner’s team, staying up-to-date on your business’ financials is easier than ever. For more information on hiring a tax consultant, schedule your free consultation today.