When it comes to preparing income taxes, individuals
often ask the following questions;
Why should I use a CPA?
My return is not very complicated. Why
use a CPA?
I use my own tax preparation software. Why
do I need a CPA?
Can I afford a CPA?
Why should
I use a CPA?
According
to the IRS, it takes the average person 14 or more hours to complete their Income Tax Return each year. The benefits you receive from us go far beyond the preparation of your return. We meet with each and every client every year to review their current financial situation and adjust for
life changes and discuss financial goals. We provide personal guidance to insure
all advantages and opportunities to save tax dollars are taken. This provides
you with confidence and security that you are taking advantage of every opportunity under the current tax laws, while reducing
the risks of an IRS audit.
My return
is not very complicated. Why use a CPA?
Many people who prepare their
own returns feel their returns are not extremely complicated, and for the most part, they are not. However, most average individuals are not aware of the recent tax laws and the many tax loopholes available. For example, shifting income from one year to another to avoid higher taxes, or deferring
tax liability. These are just two of the many, many tax loopholes not mentioned
in tax preparation software used by individuals. Which leads me to the next frequently
asked question
I use
my own tax preparation software. Why do I need a CPA?
I've heard
this question numerous times. "I purchase tax software; I don't need an accountant".
I can't tell you how often, in preparing
an individuals return I have had to amend prior years returns that were prepared using off the shelf tax software. Only a
trained professional can identify these potential problem areas and ensure your return is completed and filed correctly. Another problem with these type programs is the lack of proper tools for future tax
planning. By consulting with each of our clients personally, they receive valuable
information, customized for their circumstance. This is something a software program can't provide.
Can I
afford a CPA?
The answer
to this is simple. That depends on how important your money is to you. Often, the average taxpayer fails to recognize the value of the information provided by a CPA. Successful individuals understand this value. In the words
of Author Robert Kiyosaki (Rich Dad, Poor Dad), the question should be How can I afford a CPA?, rather than the statement,
I cant afford a CPA. There were a few individuals Kiyosaki paid very well;
his attorney, his real estate broker and his CPA. He, like many other successful
individuals understands the value a CPA can provide in all areas of finance. The
cost of having a tax return prepared is nominal in comparison to the benefits you receive from a CPA. If youre in doubt, just
read our own client testimonials.
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