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Issue Number: Tax Tip 2024-24Selecting a tax professional as a small business taxpayer When a small business decides to bring in a tax professional, they should know what to expect and how to select a reputable practitioner. The IRS has information and resources to make choosing a tax professional easier. What a small business can expect from a tax professional Many tax professionals inspect books and records to help a business make sure that it is reporting all income. They can also make sure the business claims all the deductions and credits available to it. A tax professional can help small business taxpayers answer other questions as well, such as whether they are subject to excise taxes or need to file employment tax returns. A qualified tax professional may be able to represent the business if it’s contacted by the IRS regarding a tax matter. A knowledgeable practitioner is also aware of many tax-related scams, like phishing, unclaimed refunds, ghost preparers and others described on the Tax Scams and Consumer Alerts page of IRS.gov. A practitioner knows that if something sounds too good to be true, it probably is, and they can help businesses avoid and report such scams. Find a small business tax professional
IRS resources for small businesses More information
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