Can a tax preparer fine tune your business?
The problem with expecting your tax preparer to give you good input on how to take advantage of tax breaks is that you only see your tax preparer once a year for approximately one hour.
How can one reasonably expect anyone to provide a quality assessment of your business under those circumstances? The problem with expecting your tax preparer to give you good input on how to take advantage of tax breaks is that you are only paying your tax preparer to prepare taxes. In this day and age with ads for free tax software it is easy to want to take advantage of free. But is it really free? If you are not getting a real time tax strategy how much are you really paying in taxes because you did not capture all the cost of goods sold or all the expenses related to business but not a part of COGS?
We know that we get what we pay for. Tax Assessment is no different. Who is your tax consultant?
The best way for you to work alongside your tax consultant is to give them your time that they need to ask pertinent questions. Your expenses are a dollar for dollar reimbursement for an ordinary and necessary business expense. Are you leaving money on the table?
Are you looking to pay less in taxes? You should. The IRS has set up tax rules for us to do just that.