Here are several of the best questions to ask your CPA during tax season:
- What has changed from last year to this year in terms of tax laws and regulations?
- Are there any new deductions or credits I qualify for this year?
- What can I do to lower my tax liability?
- Do you have any tips and tricks I can follow the rest of the year to better my tax situation?
- Can you review my business expenses to determine if any of them are deductible?
Wouldn’t it be nice if you never had to file another tax return? Wouldn’t it be nice if you never again had to answer questions in relation to your taxes? You may dream of this, but it is never going to happen. For this reason, you should feel comfortable conversing with your CPA whenever necessary. This person is your guiding light.
When tax season rolls around, consult with your CPA to ensure that you are on the right track. A tax professional can answer all your questions, no matter what is on your mind.
Final tip: there is no such thing as a stupid question. Your CPA should be more than willing to address any question or concern that you have.