Those who don’t understand about taxes prefer to take professional help such as from a professional accountant. These are those professionals who help their clients in terms of paying the taxes with the help of income receipts, documents, and more. The only drawback for a beginner is to find a genuine accountant since there are a ton of these professionals available. Due to this, finding one becomes a challenge as many people pose as professional accountant however, they are bogus ones. In order to stay safe from hiring a bad accountant, these are some of the signs to look out for.
- PTIN – PTIN which stands for Preparer Tax Identification Number is considered to be a necessity for every professional accountant. This is a rule made by the IRS and if you find an accountant who doesn’t hold PTIN, then look elsewhere.
- Asking your Health Insurance Penalty Directly to them –This one is considered to be one of the newest scams. If the accountant is asking you to pay the health insurance penalty directly to them, it is considered wrong. This penalty is supposed to be paid to the IRS directly.
- The One that Offers Higher Refund – Before the accountant reviews your financial documents and other receipts, the accountant may offer you a higher refund. This is a practice played by bogus and fake accountants as no genuine accountant who offers this without reviewing your documents. Make sure you keep an eye on the accountant for such bad practice.
In a city like Sydney, CBD accounting services are considered to have the best accountant.