As a small business owner, you may be wondering if you're doing all that you can to get the maximum refund for your business. If you're already working with a CPA, perhaps you've considered contacting a tax attorney for your more complicated tax issues. Below are three common tax situations faced by small businesses and which professional can help you through them.

Tax Form Preparations

When determining which tax professional to consult, it's important to remember that qualified tax attorneys generally charge more for their services than certified public accountants. While a tax attorney may be just as qualified to help, you may be better off working with your CPA on basic tax form preparations.

For small businesses, working with a CPA to fill out tax forms can mean higher returns. This is because CPAs know which deductions your business can qualify for. If you choose to do the preparation yourself, it's always a good idea to at least run your forms by a CPA. They can find any mistakes you may have made that could have cost you money or even gotten you in trouble with the IRS.

Record Keeping

If you'd rather not deal with the organization and keeping of all tax records and documents, it's a good idea to consult with a CPA. You may have a tax attorney already on payroll, but you'll be spending more money for a task that can be easily handled by a qualified CPA.

Your business's CPA can keep all of your records current which will make filing your tax return a breeze. It's important that you keep past records as well, in case the IRS finds reason to audit your company.

If an IRS audit develops into something more, you'll want to consult with a tax attorney. They can help you understand your rights and how they can help.

Representation Before the IRS

Some businesses may choose to represent themselves before the IRS, but that can prove disastrous if you don't know what you're up against.

Sure, your CPA can represent you, but wouldn't you rather have a legal tax professional on your side? In legal cases dealing with the IRS, it's always best to err on the side of caution and work with a tax attorney from the start.

Your tax attorney can help you understand your liability, field all communications from the IRS on your behalf, and save you the headache of a lengthy legal battle.

As a small business owner, you try your best to always do what is right for your business. When it comes to taxes and dealing with the IRS, there are two tax professionals who can help you stay on top of everything and keep you out of trouble: A CPA and a tax attorney (such as LaSpada, Anthony J. PA). Above are three common situations you may find yourself in and who you should call for help in each situation.