Tax Preparation

Bottle Cap Bookkeeping offers full-service tax preparation for both individuals and small businesses, including sole proprietorships, partnerships and S Corps. Amendment preparation services are also available.

You won’t be abandoned after tax season, either. BCB offers complimentary tax advising services to preparation clients to help best prepare for all life situations.

Who needs a tax preparer?

Not everyone needs the services of a tax preparer. If you are comfortable doing your own taxes, have a pretty straightforward tax situation or even enjoy doing your own taxes (hey, I do!), there isn’t much reason to pay someone else to do it for you. You can file and prepare your own federal and state taxes for free and save some money in the process.
I do have some clients who have an easy tax situation, but they just don’t want to have to worry about it, and would prefer to pass the liability on to someone else – and that’s okay! Others have a more complicated situation, want to run comparisons or need additional advice – that’s okay, too! You should ultimately feel comfortable and confident that your taxes have been prepared correctly and to your best (legal!) advantage, regardless of whether you do them yourself or hire someone else to do them.

 

What should I look for in a tax preparer?

I have a lot of clients ask to pay “as little tax as possible – or no tax”. Unfortunately for those individuals, there’s not much chance of “no tax”. In the United States, just under half of our federal government’s funding comes from individual income tax. However, there are many legal and ethical ways to minimize an individual’s tax burden; this is called tax avoidance. When someone minimizes or eliminates a tax burden by illegal or unethical means, that is called tax evasion and is very much fully punishable under the law by fines and/or imprisonment.

You’ll want to make sure whoever prepares your taxes meets two general criteria:

1. They are fully qualified to prepare your taxes.

The definition of a tax preparer, according to the IRS, is, “. . . any person who prepares for compensation, or who employs one or more persons to prepare for compensation, all or a substantial portion of any return of tax or any claim for refund of tax under the Internal Revenue Code.” This means anyone who gets paid to prepare part or all of a return is, by definition, a tax preparer. Notice it doesn’t say anything about qualifications! For this reason, if you want to ensure the tax preparer you are going to has real knowledge about federal taxation, you will want to look for an Enrolled AgentCertified Public Accountant or at least someone who has completed the Annual Filing Season Program. These individuals have had education in the area of tax preparation that make them more qualified to prepare your taxes than someone off the street.

2. You feel comfortable with them and feel you can trust them.

Your tax preparer has a lot of personal information about you. They are also presenting your information to an agency of the United States government. For that reason, you absolutely need to trust them! If you are not comfortable with your preparer or feel you cannot trust them, trust your instinct!
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