Does the mere thought of doing your own taxes stress you out? Is tax lingo a foreign language? Are you watching the calendar, dreading the tax deadline? If you’re like most taxpayers, the thought of doing your own taxes can be confusing, overwhelming and hard to come to terms with.
But there’s hope! You don’t have to go at it alone.
Hiring a professional tax preparer is an easy and economical way to get your taxes done without hassle or too much time and effort on your part. It’s simple: gather your receipts and paperwork, organize incoming tax documents (your W-2) and pass on to a Beaton Accounting tax professional.
1. It takes the hassle out of doing the work yourself.
Although you are required to gather and organize your records and receipts, hiring a professional can take the difficulty out of having to file your own taxes. This allows you to spend your time doing other things—like running your business! Or living stress-free as your preparer does the number-crunching.
2. You don’t have to keep up with tax law changes.
In fact, hiring a preparer helps you avoid having to learn and understand tax laws, in general. And with the implementation of the Affordable Care Act (also known as ObamaCare), filing your own taxes and having to translate penalties could leave you paying more than you’d bargained for.
3. A tax program isn’t able to represent you during an audit.
Although QuickBooks® is a powerful tool, unfortunately, it’s not that powerful. If you’re subjected to an audit, a professional tax preparer can stand in on your behalf and represent you before the IRS. Having an audit representative can help you develop a defense strategy and gather all necessary documents, handling correspondence on your behalf.
4. Making mistakes can be very costly.
Filing an amended return is a fairly straightforward process, but the last thing you want is to have to make a change to your exemptions after the fact—or even worse, receive a letter from the IRS saying you own more money than you thought! Working with a professional can ensure you’re as careful as possible when filing your original return and reduce the possibility of making mistakes in the first place.
It shouldn’t come as any surprise that a tax professional knows the ins and outs of filing and can help you keep more of what you’ve earned. If your preparer finds even one significant deduction or credit you would have missed, it can easily add up to more than it’d cost to hire the professional in the first place.
For a FREE tax consultation, call today! (631) 921-6894.
Have a question or certain topic you’d like to see addressed in our next blog post? Just leave a comment, or e-mail us at [email protected].