Episode 13: Is it time for somebody new to do your taxes?

Don’t Get Stuck in a Tax Rut: When to Consider a New Advisor

Many people stay with the same tax advisor for years, simply out of habit. But just like your financial needs evolve, so too can the best fit for your tax professional.

Here are some signs it might be time to explore new options:

• Outgrowing Your Advisor: As your business or financial situation grows more complex, your tax advisor might not have the specialized expertise you now require.
• Communication Gap: Regular communication is key. If you don’t hear from them throughout the year, or struggle to get clear explanations, it hinders proactive tax planning.
• Tax Bill Surprise: A hefty tax bill you weren’t expecting could be a sign your advisor isn’t optimizing deductions and credits for your situation.
• Lack of Support: A good tax advisor goes beyond just filing returns. They should be a sounding board for tax-related questions and offer strategic guidance.

Remember, you’re a partner in your tax success. While your advisor handles the technical aspects, providing them with complete information is crucial.

Taking Charge of Your Taxes:

By being proactive and reevaluating your tax advisor relationship periodically, you can ensure you’re getting the best possible service and minimizing your tax burden.