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Linda D. Smith, Enrolled Agent, ATA, ABA, CDFA, CFR
Enrolled to Practice before
the Internal Revenue Service
Accredited Tax Advisor, Accredited Business Accountant
Certified Divorce Financial Analyst, Small Business Expert |
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"Your Tax and Small Business Accounting Expert"
Why you should hire a "Licensed"
Tax Professional
U.S. tax law is an ever changing set of rules and regulations with
varying implications depending on the individual or business tax situation.
Regardless of tax law complexity, YOU as a taxpayer, are ultimately responsible
for accurate reporting and payment of your tax obligation. Things to
consider in hiring a tax professional:
- Did you know that only an Enrolled Agent, CPA or Attorney can
represent you before the IRS ? (these are all Federally or State
licensed professionals)
- Did you know that an unlicensed tax preparer has little or no regulatory
requirements regarding ethics or education?
- Did you know that self-prepared returns through tax
software programs or online services do not protect you if there were
errors due to incorrect input of information - intentional or not?
- Would you know who to call if you receive ANY type of State or Federal
tax notice?
Linda D. Smith
is an Enrolled Agent & Licensed Tax Professional
- Education - The requirement for an
Enrolled Agent is 30 hours of CPE (continuing professional education) annually.
Linda averages 150 hours of CPE per year.
- Ethics - In accordance with IRS requirements,
Enrolled Agents must earn at least 2 hours of CPEs in Ethics during each
calendar year.
- Experience - Unlike attorneys and
CPAs, who may or may not choose to specialize in taxes, all EAs specialize
in taxation and can represent taxpayers from any state. Linda has
over 30
years in taxation study and practice.
- Enrolled Agents are tax practitioners
licensed by the U.S. Department of the Treasury to represent taxpayers before
all administrative levels of the Internal Revenue Service (IRS). Like
attorneys and certified public accountants (CPAs), EAs are governed by
Treasury Circular 230 in their practice before the IRS.
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Common
Mistakes and Consequences of Doing It Yourself
In my many years of service, I have corrected countless accounting and tax reporting
errors, and consoled those faced with financial consequences of DIY mistakes.
The do-it-yourself approach may be thought of as more affordable, BUT DIY errors
are far more costly than monies saved. I have witnessed fines
and fees so severe, the business was forced to close. Conversely, I
have corrected returns, recovering thousands of dollars for the client,
that were previously missed. Below is a "short-list" of common and costly
do-it-yourself mistakes:
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- Sloppy Record Keeping
- Failing to Pay Reasonable Wages to an S-Corporation Shareholder
- Misclassification of Workers
- Paying Personal Expenses with Business Funds
- Inaccurate Reporting of Payroll (941)
- Inaccurate Reporting of Sales Taxes
- Incorrect Allowed Deductions/Credits
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- Missing Due Dates and Filing Requirements
- Estimating Quarterly Tax Payments
- Filing Requirements When There is No Income
- Requirements for Mileage Logs
- Recording of Corporate Minutes
- Not Filing Proper Forms
- Omitting Valid Tax Deductions
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Back
to Top
If you've encountered or anticipate any of these situations,
CALL ME to see how I can help you!
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Member - Accreditation Council
for Accountancy and Taxation |
Member - National Association
of Enrolled Agents |
Authorized
IRS e-file Provider |
Member - The Florida Academy of Professional
Mediators |
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ATI Professional
Services, Inc
1802 Janice
Avenue, Orlando, FL 32803
(407) 896-1553 fax: (407) 898-1458
Serving businesses and individuals
in the Orlando community since 1982
Serving (but not limited to): Orange County,
Seminole County, Volusia County, Brevard County, Lake County, FL
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