5 Reasons to Hire an Accountant to File Your Tax Returns
Updated: Jan 13
Filing taxes can be a daunting and confusing process. And while it is possible to file taxes yourself, there are many benefits of hiring an accountant to file your tax returns. An experienced accountant has the knowledge and expertise to meet all of your filing needs and ensure that you receive the best possible returns. Let’s take a look at five reasons why you should hire an accountant for your tax returns.
1. Increased Accuracy - One of the biggest advantages of using an accountant is that it ensures accuracy in filing your taxes. This is because accountants are knowledgeable about the tax laws, regulations, and requirements necessary for filing accurate returns. Additionally, most accountants have extensive experience in completing similar filings so they can quickly identify any potential problems or errors that could affect your return. The accuracy provided by an accountant can save you both time and money in the long run.
2. Maximum Refunds - Accountants know all the available deductions, credits, and other incentives that may apply to you when filing your returns so they can help maximize your refunds by taking advantage of every opportunity available. It’s important to note here that even if you are confident with filing on your own, having an accountant review everything before submitting it can still result in larger refunds or lower payments due than if you had done it on your own.
3. Time Savings – Filing taxes takes time but with an experienced professional handling everything for you, this time can be significantly reduced as they will already have a thorough understanding of what needs to be done and how quickly it needs to be completed in order for you to get maximum refunds or pay less than what is due from year-to-year . In addition, having an experienced professional handle all of the paperwork associated with filing taxes helps reduce stress levels since you don't have to worry about making any mistakes or dealing with complex forms yourself.
4. Professional Advice - Another benefit of hiring an accountant is that they provide additional advice beyond just filing taxes such as offering investment advice or providing guidance on how best to manage finances throughout the year so as not incur any penalties or fees when it comes time for filing again next year (or any other year). This kind of advice from a qualified individual helps small business owners make more informed decisions about their finances which leads to greater success over time down the line.
5. Audit Protection - All Accounts Consulting gives you full audit protection when you file with us. Meaning, if we file your return and you get audited we will handle any federal or state audits, letters etc. If for some unforeseen reason someone from our firm is not able to help at the moment, we have a group of CPA's, enrolled agents, and attorneys who would step in to help.
If you’re looking for help with tax filing this season, then consider hiring an accountant instead of attempting DIY tax prep services like TurboTax or online calculators like Credit Karma Tax—it may cost more upfront but their expertise could save you much more money in the long run! An experienced taxpayer can help increase accuracy while maximizing refunds or minimizing payments due each year through careful planning and analysis throughout the entire process while also offering valuable advice on how best manage overall financial health throughout the year too! Ultimately, having a knowledgeable professional handle all aspects of one's tax preparation process leads not only to increased efficiency but also peace of mind knowing that everything was handled correctly from start-to-finish!