VOLUME 1 / ISSUE 1 WINTER 2024
PROFESSIONAL SERVICES
WHY CHOOSE TO WORK WITH A PROFESSIONAL?
Understanding of Tax Code & Personalized Service
The U.S. tax code is complex and changes frequently. Keeping up with the latest tax laws and understanding their implications can be challenging without a background in tax preparation. This is what you pay the big bucks for! Sometimes a professional can save you money, because they have the most updated information. Also, if you own a business, have rental properties, or other complicated tax issue, a tax professional can make sure you make the most of deductions and hopefully save you money.
Reduced Audit Risk
While the likelihood of being audited is relatively low for most taxpayers, DIY filers may have a higher risk if they make errors on their returns. Professional tax preparers can provide an additional layer of assurance and expertise.
Accountability
Procrastinate much? If you’re like me and you would rather get a root canal than do your taxes, then you might procrastinate if left to your own devices. A tax professional will alert you to all the important deadlines and help keep you accountable to Get. It. Done. (And file an extension for you if you just can’t right now.)
At the end of the day, deciding whether or not to do your own taxes comes down to the complexity of your financial situation and the age-old question…what’s it worth to you?
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