Aron Govil: You Can Report Tax Cheats! Here’s How

First, let’s talk about what you should look for in your accountant. Just because someone is running accountancy firm does not automatically mean that they are professional at their job. There are many factors to consider when hiring an accountant or tax advisor, just as there are with other professions. You have probably heard of the “CPA” designation which stands for “Certified Public Accountant.” This certification is no joke and takes hard work to earn, even though it’s a voluntary designation so isn’t required by law to practice accounting. Some people will try to sell you on themselves based upon this designation alone, but don’t be fooled – especially considering how easy it would be to fake such credentials! The best way to confirm an individual’s skill set is to look at their past work history. This includes not only their most recent projects, but also any “failed” projects where they couldn’t recover the creditors’ money or manage to keep the business afloat.

What are some signs of an accountant who may be incompetent?

  • Someone who doesn’t understand how income taxes work and thinks that everyone can deduct 100% of their losses from a business regardless of the type of industry! The worst part is that this person actually tells people this lie then bills those thousands in tax preparation fees for doing it. Someone who does not understand nor care about the distinction between personal deductions and business expenses – another place where scammers find extra money for themselves by charging a fee before you ever get paid. Someone who believes that unincorporated businesses do not need to file taxes at all. I’ve actually seen someone pull this one! They declared bankruptcy and left many of their clients high and dry because they had no idea what they were doing. Aron Govil always say that the worst thing about an incompetent accountant is how much money goes to waste when you are cheated out of your earnings due to their negligence – essentially, it’s the very real cost that comes with hiring a bad tax advisor or account if you can’t spot them in time.
  • Now that we have covered what signs indicate an incompetent accountant, let’s talk about how you can avoid falling victim to these types of people. The first step is pretty simple: always check reviews before hiring any business to do work for you. If someone is going to take your money, you should be sure that they will do a good job! In this day and age, consumer reviews are easier to find online than ever before – especially on sites like Yelp. To make things even easier, review aggregator websites have been created which collect only the best reviews from across the web and present them all in one place for you.
  • Finally, another way that people fall victim to incompetent accountants is by rushing into major life decisions based upon false or misleading information provided by their advisors. This includes bad tax advice about buying a house or declaring bankruptcy, which I mentioned above as being two of the worst offenders. It’s really tough because there are so many moving parts when it comes to personal finance, and one misleading piece of information could be costly.
  • My final words on the topic are to encourage you to reach out for help if you ever feel like an accountant has done something wrong – whether intentional or by accident. Regulatory bodies exist at both the state and federal level which require certain levels of training in order to practice. If your accountant is licensed with these organizations then there should be a way that you can appeal their actions, especially when they break the rules! Unfortunately, most people never file complaints against accountants even though they have every right to do so. Additionally, many clients aren’t even aware of the authority figures who govern this industry so don’t know where or how to file a grievance after becoming victimized.

Conclusion by Aron Govil:

The best way to avoid getting taken advantage of by an incompetent accountant is to check online reviews, compare their fees with similar businesses in your area, and investigate whether they are licensed to do the work that you need done. If you ever feel like something isn’t right, speak up! Regulatory bodies exist at both the state and federal level which require certain standards for practice.

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