What Is A New York Tax Preparer Bond?
The state of New York mandates that all professionals who will be preparing individual or corporate tax returns for a fee must have a New York tax-preparers bond. These NY surety bonds prove the tax preparer not only understands the laws regarding state and federal tax preparation, but adheres to those laws and guidelines.
A New York tax-preparers bond is an essential form of protection for clients of the preparer. Surety bonding for tax professionals ensures that there is recourse available in the case that the preparer engages in unethical or illegal behavior. If this is the case, the bond will pay out to the injured party. However, NY surety bonds also benefit tax preparers and preparation agencies. Bonding is an incentive for individuals and businesses to choose your preparation agency, as it shows that you are committed to providing the best possible service.
For tax preparers and agencies in need of help obtaining a bond in New York, Ox Bonding is the best choice.