Do You Need a Tax Preparer or a Tax Consultant?

As the tax season draws near, most people are (I hope) getting ready and scheduling appointments to prepare and file their tax returns. Good for you with the speed and convenience of retail franchises like HR Block and Liberty Tax or Online Free Software, most people do not have to worry too much about where or how they will get their tax returns before the filing deadline.

There are many companies like Gallagher Keane that provide you the best tax advisors in Dublin.

Do You Need a Tax Preparer or a Tax Consultant?

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But then, there are those that have terrible tax filing season because:

  • They have more than one source of earning money such as two-income houses;
  • They operate a business;
  • They make a lot of money;
  • They have more than one type of income such as wages from a job, income from a side business, retirement income, or even income from investment;
  • They either have a personal or commercial property that they may have sold or given away during the year.

So… what do these people do? Better yet, what's better: a tax preparer or tax consultant? Let's discuss…

A Trusted Advisor

For the ones that are operating at retail tax firms, they're working part-time and have limited access past the time they're preparing taxation. Tax advisors are often available annually because tax consulting and preparation is their full-time small business.

Deep Knowledge of the Tax Code

It is typically the standard for advisers to have a profound and comprehensive understanding of the tax code. The majority of them have professional credentials like Enrolled Agents (EA), Certified Public Accountants (CPA), or certificates obtained via licensed programs like the National Tax Training School along with other postsecondary institutions.

Furthermore, they've generally acquired years of experience both working together with customers or through previous tasks associated with tax consulting or prep. Why is this significant? It is not to seem like a tax nerd and speak in lingo that is too difficult for anybody to comprehend.