David M Daggett CPA - What To Consider When Choosing A Tax Accountant

If you want to ensure that your taxes are done correctly, you need to carefully choose a tax accountant who can help you with them. You want to choose an accountant who is going to have your best interest in mind. Here are a few things to consider when choosing a tax accountant.

Experience
Everyone has a unique tax situation and it is a good idea to check with the tax accountant to see if he has handled your type of tax situation in the past. An accountant with the right experience and knowledge will know how to help you.

Cost
You are going to have to pay your tax accountant and it is a good idea to compare the cost of several ones before you make your final choice. You don't want to pay more than you can afford and you also want to make sure you are getting a service that matches the cost.

References
It is not uncommon for an individual or a company to ask for references from a tax accountant. You want to know that the accountant you choose has helped other clients in the past. You can ask for references or testimonials from other clients.

If you want your taxes done right, you need to choose a tax accountant who has what it takes to get the job done. David M Daggett CPA has been helping people with their taxes for many years. When it comes time for you to choose a tax accountant, make sure you consider the above information.

David M Daggett CPA - S Corporation Advantages & Disadvantages

David M Daggett CPA has helped many companies and corporations with their tax needs. An S Corporation is a corporation that is treated as a pass-through entity by the IRS. A corporation can become an S corporation by filing Articles of Incorporation with the Secretary of State or similar government body. There are advantages and disadvantages of becoming an S Corporation.

Advantages

Shareholder Assets

Those who hold shares in a corporation have their assets protected if it becomes an S Corporation. The shareholder does not become personally responsible for the corporation or any owed taxes.

Tax Filings

S Corporations are not required to pay a corporate tax. The business losses are passed through to each individual shareholder who will then claim the loss on their own tax returns. This can also offset other income on the shareholder’s tax return.

Disadvantages

Fees

There are fees associated with becoming an S Corporation. When the Articles of Incorporation are submitted, you will be required to pay the fees. The good news is these fees can be deducted as a business expense later.

IRS

The IRS tends to keep a close eye on S Corporations to make sure everything is being filed correctly and done legally. If you are doing everything correctly this won’t be a problem, but some people do not like the idea of a government agency following their finances so closely.

David M Daggett CPA helped many companies with their taxes and has helped some become an S Corporation for tax purposes. If you are considering becoming an S Corporation, consider both advantages and disadvantages of doing so.

David M Daggett CPA - Becoming A Tax Accountant

David M Daggett CPA knew at an early age that he wanted to work with people and money. He attended college and majored in business with an emphasis in accounting and is now a successful tax accountant. If you want a similar career, these tips can help.

Know Your Stuff

You need to understand corporate taxes and different types of business taxes if you want to help people. You should attend college and graduate with good grades. While in college you should focus on math, accounting and tax courses.

Start Out Right

You can’t expect to jump into a big position and have to be willing to work your way to the top. After graduating college, you need to start with entry level positions that will teach you more about tax accounting and prepare you for better positions.

Start Your Own Company

If you want to work with businesses or individuals but don’t want to work for another firm, you can start your own company. This will take a lot of work and dedication as well as a good understanding of the business operations. You should work for a firm before starting your own to learn more about the industry and to gain some experience.

David M Daggett CPA attended college and learned about accounting and tax preparation. He uses his skills every day to help companies and individuals with all their accounting and tax needs. If you love working with numbers, you may want to become a tax accountant.
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David M Daggett CPA - Get Certified As An Accountant

David M Daggett CPA graduated from San Diego State University in 1983 with a degree in accounting. As an accountant, he works closely with many companies and individuals and helps them with their tax needs. If you want to help others as well, you need to become a certified accountant. These tips can help.

Attend College

If you want to become a certified public accountant, you need to attend college. You should complete either a two or four-year degree with a focus in accounting, math, business, and finance. Your college classes will cover a lot of the information you will need to know when you take the test.

Study For Exam

You always want to study for your exam for several months before taking it. The more you study the more prepared you will be and the more likely you will be to pass it. You can find practice tests online or purchase books that will help you prepare for the test.

Pass Certification Exam

Once you are ready to take the test you should find one being offering in your area. You need to pay any fees and arrive on time to take the test. If you pass the test you will be mailed your certification and if you fail, you will need to take it again at a later date.

If you want to be able to help people file their taxes or deal with other financial issues, you should consider becoming a certified accountant like David M Daggett CPA. Once you are certified you can begin to find clients and start to make money.