Each year at during tax season, individuals, families and small businesses across the United States have at least one moment. One moment where they begin to debate whether or not they should be having an accountant help them or not. Many decide they don’t and proceed to enter into the world of filing taxes only to quickly learn how difficult the process can be. When it comes down to it, it often makes sense for the person or small business to stick to what they do best and let their accountant do what they do best.
For those who are still debating whether or not to hire one, here are 3 upsides to having an accountant:
You Won’t Miss Deductions
When attempting to handle your taxes on your own, it doesn’t take long to realize that accountants speak an entirely different language than the rest of us. There is new vocabulary and code involved that you can either learn yourself or allow your accountant to handle for you. This is especially true when it comes to deductions.
Year after year, research shows that Americans are missing out on tax deductions that they simply did not realize were there. An accountant will know what to look for based on his or her knowledge and experience.
Reduce Your Chances for an Audit
An audit of your income tax is both intrusive and time consuming. It can cause a great deal of stress when you are unfamiliar with the process. Having an accountant will help reduce your chances of being involved in an audit in the first place. And, even if you are audited, your accountant will be able to handle it for you, relieving you from all that extra stress.
Accountants are known for keeping proper, legal paperwork that will stand up under scrutiny from any IRS or state auditer.
Help When You Need it
Accountants are professionals in their field, which means they know their business inside and out. Not only are the more aware of tax codes and deductions, they also have experience from working with so many others. This makes them an excellent resource as you make financial decisions in your life. Your accountant can make suggestions and recommendations when it comes to investments and help you strategize your future income. For small businesses, accountants can point you in the right direction as you get things up and running. They make sure that your business structure is sound and financially stable.
If you are in need of a professional accountant with years of experience, call Hacker Accounting today at 602-375-5251. Let’s set up a time to discuss your needs and goals.