What’s the difference between a Tax Preparer, a  CPA who specializes in tax preparation and a seasoned Tax Strategist? And which of these does your business need?  It may surprise you to know that CPAs and Tax Strategists are two different professions and that a Tax Preparer is not necessarily credentialed.  Here are the main differences:

Tax Preparer: Does not have to be credentialed; prepares, calculates, and files income tax returns on behalf of individuals and businesses; defends taxpayers in audits and tax court issues depending on their credentials and whether they have representation rights.

Certified Public Accountant (CPA) : Certified skill level in accounting and tax preparation by a state or governmental territory; maintains financial records; certifies financial statements, and conducts audits.

Tax Strategist:  Specializes in analyzing tax laws; creating tax-saving strategies;

provides customized tax planning; ensures that individuals and businesses comply with tax laws and regulations; takes advantage of available tax breaks and incentives.

Tax Preparers may be the least costly and appropriate choice for W2 earners. If you have investments, a business, real estate, and other assets, you should consider using a qualified CPA depending on how many assets you own and how big your business is.

If you own substantial assets and have multiple streams of income, it’s time to sign on with a Tax Strategist.   A strategist can not only save you money on your taxes this year but can plan to predict, protect and save for you in the years ahead while helping to build wealth for you and your heirs. Setting up foundations and trusts, purchasing annuities, charitable contributions and cost segregation for real estate investors are but a few a few of the powerful tools a Tax Strategist can offer you.

We welcome you to take advantage of a free discovery session by visiting New Client Application or https://calendly.com/d/27b-bgh-x9g.