How to Hire the Best Tax Attorney
Whether you’re one of the 2.5% of small businesses facing an IRS audit or you’re starting a complex new brand, having the right team on your side is essential. With a tax lawyer in the picture, you’ll be better poised to minimize your tax burdens, address any court cases, and focus on growing your brand.
Of course, finding the right tax attorney is easier said than done. How can you make sure you’re bringing an experienced and qualified professional onto your team?
If this question sounds familiar, we’ve got you covered. Here’s what to know about finding the right tax expert for your needs.
One of the best ways to look for tax preparation services is to get referrals from friends, family members, and colleagues you trust. In particular, law and finance professionals you’ve worked with in the past are likely to have experience working with a tax preparer. If no one in your immediate circle has recommendations, consider checking the website of your local bar association for insights.
Find the Right Help
Don’t settle for a tax professional who doesn’t have experience in the specific niche you’re looking for. If you need assistance with international taxes, for example, find specialists who are familiar with the financial requirements of the countries in question. If you need help setting up limited partnership fund, ask any tax professional you’re considering about their experience.
Consider Their Licensing
Along the same vein, it’s important to make sure you’re working with an expert licensed to practice in the area that will hear your case. Depending on your needs, this may mean looking for someone with state licensing or someone who can help you with a federal or even international court case.
Ask About Their Fees
If money is a concern, you’ll need to ask about legal fees up front. These fees will vary depending on the type and location of your court case.
Some tax law firms base their fee structures on hourly rates, which can cost you anywhere from $200 to $1,000 per hour. Others may charge flat fees for certain routine services that will settle quickly. Don’t forget to ask about payment plans, which can help make partnering with a tax lawyer more affordable.
Find the Right Match
Once you’ve found a likely candidate, make sure they’re the right fit for you. In some cases, you may be working with your tax lawyer for weeks, months, or even years, so it’s important to find a good match.
Meet any paralegals or administrators who will do some of the work, find out how and when the team will communicate with you about your case, and make sure you feel comfortable putting your faith in the experts you’ve chosen.
Partner With the Right Tax Attorney
At the end of the day, you need to be sure you’re partnering with a tax attorney or legal team you can trust. No matter how urgent your issue is, take some time to do your research and ask questions before you sign on the dotted line. The future of your business depends on it.
As you work to improve your brand, don’t forget to check out our other helpful tips and guides for additional insights!