Yes to Money

47. What Questions to ask Your Tax Professional


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YouTube Link:

https://youtu.be/f5WfNY7dTJQ


Hello Friends! In this video I help you get the most out of your tax professional.

šŸ”” Subscribe for more tips just like this: https://www.youtube.com/channel/UCcja7IBZ2VZVsCdmGDjZiRw?sub_confirmation=1

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-----Contents of this video-----------------------------------

0:00 - Intro

0:45 - #1 - What can I do differently in the future to improve my tax situation?

1:25 - #2 - How will my side-hustle (business) affect my taxes?

1:57 - #3 - What other services do you offer?

2:28 - #4 - Can I call you throughout the year for tax advice?

2:25 - Summary

3:10 - Call To ActionĀ 

Most of us when we do our taxes, we want to be in and out from the tax place and go on with our business. But did you know that spending more time with your tax professional and asking him or her the right questions could save you more money?

Today, I will present a few questions that could help you get more value out of your tax professional. That is assuming you have found a really good tax professional.Ā 

What Can I Do Differently to Improve My Tax Situation?Ā 

  1. This is an open ended question and it could go in so many directions.Ā 
  2. Mainly, tax professional - your situation and his experience, keep more money in your pocket.
  3. How knowledgeable and if he/she cares

How Will My Side Hustle Affect My Taxes?

  1. This question is meant for you to pretty much get free tax advice on your hussle business (if you have one).Ā 
  2. This will also let you know how knowledgeable and well rounded your tax professional is and whether you can rely on him in the future.Ā 

What Other Services Do You Offer?
1. It is good to know whether your tax professional also does something else, maybe attorney services, maybe estate planning, wills, trusts, and so forth.Ā 

    1. If you have a good relationship with your tax advisor, you mind as well do more business with him or her.
    2. Can I Call You Throughout the Year for Tax Advice?
    3. Now this question will let you know if you should stay with this tax professional or not. How beneficial would it be to need tax help throughout the year and this professional not to be available. Maybe he or she makes a mistake with your taxes and would be great if they could support fixing their mistake.


My wife and I wrote the book: ā€œLIFE LESSONS: From A Wiser Me to A Younger Meā€ In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)

You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK

Ā 

*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.



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Yes to MoneyBy Vladimir