BY KRISTIN HOVENCAMP
As you move through stages of life, taxes may become more complicated. We change jobs or start businesses, buy homes, get married, have children, and eventually plan for retirement. At the same time, life can throw curveballs. A trusted Certified Public Accountant (CPA) can help you recognize how life’s challenges and changes influence your taxes. Ken Pierce, CPA and managing shareholder of Lallman, Felton, Peterson & Pierce, P.A., advises, “A complete relationship with your CPA can allow you the peace of mind and assurance that you are in compliance with the IRS and enhance your financial future.” Here are some things to look for:
What are your tax and accounting needs? The more complicated your taxes become, the more critical it is to work with a CPA who understands your unique challenges and has experience in your niche.
Are you comfortable calling your CPA and having an open, honest conversation? This relationship can span over decades and be passed down through generations.
Is your CPA part of a firm that employs a team concept and allows you access to various skillsets and ongoing service?
Does your CPA prepare you for each tax season? Tax codes and laws are constantly evolving. Partner with a CPA who will keep you abreast of new information coming from the authorities.
Is your CPA applying the latest techniques and strategies to save you or your business money? Don’t be shy in asking about experience, formal education, and continuing education. Your finances are at stake.
Are you being supported by a professional team that communicates with one another and has shared goals? “Assemble a team of legal, wealth management, and accounting representation that are willing and able to work together. The key is to get ahead of the game,” says Pierce.
Are you confident your financials are in good hands if the IRS comes calling? Is your CPA above reproach?
Does your CPA use the latest technology and ongoing security? Keeping your personal information safe, and protecting your privacy and confidentiality are priority number one.
Experience and credentials count when partnering with a CPA. Ask for referrals, compile a list of CPAs, and do your homework.
HAZLETT WEALTH MANAGEMENT, LLC is independent of Raymond James and is not a registered broker/dealer. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. 675 Sun Valley Road, Suite J1 + J2 Ketchum, Idaho 83340 208.726.0605. HazlettWealthManagement.com.