Are you spending most of your time filing returns?
Have you become completely confused when it comes to local sales tax rules and regulations?
Is your business suffering because of frequent notices from government authorities?
Do you know why your normal accountant is not being able to fulfil your sales tax requirements?
Are you still using a sales tax software to help you and your business?
With more than 12,000 different Sales Tax laws and rules in USA, filing returns can be a tedious process. If you are a small business, this exercise might be costing you dearly in time, money and effort.
Knowing about the various types of sales tax compliance is not something every owner should concern himself or herself with. He or she should be busy growing their business, generating revenues and innovating.
This is why most businesses, both big and small take help from sales tax consultants to help them. In this article, we will help you select the best sales tax consultant for your business.
Things to check while going for Sales Tax Services
Does the Sales Tax Consultant have an Accounting Degree?
You might be shocked to see that most people parading around as consultants do not even have an actual College Accounting Degree. It is essential that you ask for their academic qualifications and see their academic credentials for yourself.
Does the Sales Tax Service have a Local Office?
If you have a business in New York, you would not want someone who is from Houston, Texas to manage your sales tax. This particular process requires many intricate interactions. The paperwork, the details and other add-ons requires a service in your city.
Is the Consultant familiar with Local Sales Tax Laws?
Borrowing from the last point, every state and district has their own peculiar state tax laws. It is important that your sales tax services agency is proficient in handling local state tax laws. They need to know the ins and outs of the local state tax laws in order for them to work for you.
Go for a Sales Tax Service Firm with experience-
In the case of sales tax, it is important to go for a consultant with a long experience. This is crucial as the legalities involved and the loopholes are great in nature. Unlike some other taxation areas, sales tax requires in depth knowledge and expertise.
Charges and Fees of the Sales Tax Consultant-
In the case of sales tax consultants, charging less is not a great sign. The best agencies charge well above the average. This is commensurate to the level of expertise and experience, which they possess. Do not go for a sales tax service firm, which charges peanuts. That is a clear red flag.
While many business owners realise the enormity of sales tax only after they have been penalised, few are smart enough to start in the right fashion from the beginning. No matter what size your business is, hiring the best sales tax consultant can be a boon for your business.
As they take care of the numerous paperwork, regulations and filings, you can concentrate on the important task of growing your business. What are some of the important things that you look for while selecting your sales tax service?
Let us know in the comments section below.