Business owners expect their tax professionals to have knowledge of the current tax laws and compliance requirements. But what makes a good tax advisor stand out is what else they bring to the table.
Trust and Credibility
A visit with your tax advisor might not be your favorite meeting, but it is important you both develop a level of trust and credibility. Your advisor should identify with your business or situation, listen to your needs, and express a caring attitude in helping you achieve your goals. Tax professionals need strong technical skills, creativity, good communications skills and diligent follow-up. Most of all they need passion for what they do and what they can do for your business.
Strategy and Planning
Tax planning requires knowing and understanding your business objectives. This is when the right advisor really makes a difference. Listening and asking general and specific questions will lead to brainstorming ideas and strategies. Further discussion and research will determine which ideas are the best to implement. The tax advisor’s role is to present ideas and educate you about potential savings, advantages and disadvantages, and the risks associated with each.
Tax planning is not just a year-end activity. Meeting with your tax advisor throughout the year to discuss and implement strategies will be valuable. A CPA is much more than your yearly tax preparer. They monitor the ever-changing tax laws and regulatory changes and present new opportunities for your business to maximize efficiencies and reduce tax liabilities.
The professionals at SVA Certified Public Accountants have experience in a variety of industries and welcome the opportunity to discuss your business goals.