While you don’t always need to have an accountant to help you file your taxes, there are many situations where an accountant is going to ensure you’re taking advantage of more deductions and credits. If you aren’t feeling confident in filing your taxes on your own, there is no one more qualified to help you than an accountant. Propel Your Accounting is here to talk about instances where having an accountant help you prepare and file your taxes is the way to go.
Why an Accountant is the Best Person to Help You File Your Taxes
Filing your taxes is something that you want to make sure you’re getting right. It can be complicated to make sure that you are taking advantage of all the deductions and credits that are available to you. Not only that, but there are some circumstances that many people find themselves in that make filing with an accountant a must.
– Business Owners: Owning a business means that your taxes are going to be complex. There are costly mistakes that can be made when you are someone that is self-employed. An accountant can help walk you through the process and ensure that you aren’t making any big mistakes that could end up costing you. If you aren’t paying quarterly payments, you might be surprised to find that you are stuck with a huge tax bill when you file your yearly taxes. An accountant will help you set up quarterly payments that can help you avoid this.
– Major Life Changes: There are some life changes that will have a dramatic impact on what your tax return looks like. This is especially true as you age. If you bought a home in the last year, you will be able to take advantage of tax savings on the interest that you paid throughout the year on your mortgage. For those that have had a child in the last year, you will also see big changes in your taxes. If you were married or divorced, this is another change that might be helpful to have an accountant to help you navigate them and keep you from making mistakes. For those in their first year of retirement, you might also see some significant changes that are best navigated with the help of an accountant.
– You Owe Money: You might be someone that owes money to the IRS from past years. Some people might have several years of taxes returns that need to be filed. An accountant can help you handle all of this. They will know the ins and outs of the payment programs provided by the IRS to help you get back on track.
Bookkeeping, Accounting, Business Consulting & HR / Admin Services in the United States of America
If you are ready to file your taxes, you can turn to the accountants at Propel Your Accounting to take care of it for you. We will make sure you aren’t leaving any money on the table. Call us today!
