Simple question, right? After all, you've been filing your own taxes for years and haven't once thought about hiring a certified public accountant. Well, maybe you have thought about it before... but there's more to using a CPA for tax preparation services than meets the eye.
Consider a few of the following reasons you should consider hiring a certified public accountant or international tax cpa the next time you file your return:
1. Enrolled Agents can represent taxpayers before the IRS in all matters including audits, collections, and appeals.
2. CPAs are bound by a stringent code of professional conduct to safeguard clients' best interests at all times.
3. They will help keep track of important filing deadlines and other important dates.
4. CPAs have a thorough knowledge of complex tax laws that allows them to get you the best tax results.
5. You can save money since they have all the latest software programs and can use electronic filing which often has expedited processing times, resulting in refunds being issued sooner than if you had filed yourself.
6. CPAs are trained to spot certain deductions and credits that the average taxpayer might miss.
7. Whether you make $20,000 or $2 million a year, you'll have one base of knowledge to rely on when it comes to filing your taxes because they use the same software program every year.
8. They take all the worry and frustration out of filing your taxes.
9. A CPA can suggest ways to save more money in taxes and provide tips for next year's tax season.
10. CPAs update their knowledge on a regular basis so they know the latest tax laws and filing requirements, something many filers fail to do which could lead to missed deductions or credits.
11. You won't have to worry about fines and penalties because a CPA will catch any mistakes early enough to take the necessary steps before it's too late.
12. They can help you save money on your taxes through tax planning for the future which involves looking at ways to reduce taxable income, such as life insurance and other financial planning.
13. They can offer expert advice on tax law changes and evolving change in filing requirements, maximizing your deductions and credits as well as minimizing your liability no matter what's changed from year to year.
14. If you hire a quality CPA firm to handle all of your business needs such as audits, financial statements, tax planning, and compliance issues with the IRS you can expect to save money.
15. CPAs are trained professionals who can offer guidance on how to save your business money from year-to-year through their extensive knowledge of the tax laws, ways to reduce liability, advice on where you can get deductions and other savings opportunities unique to your business.
16. They keep up with the latest changes to tax law, ensuring that you'll get the biggest possible refund next year because they know exactly what you can and cannot claim.
17. CPAs are trained in business valuation which will come in handy if you need to determine how much your business is worth or whether it may be time to sell or seek additional funding through a private investment.
18. They'll provide expert advice on the impact of tax law changes and evolving change in filing requirements, maximizing your deductions and credits as well as minimizing your liability no matter what's changed from year to year.
19. You won't have to worry about missing out on valuable deductions because a CPA will find them for you.
20. They have access to the latest tax-saving strategies and will provide expert advice on how to reduce your liability from year-to-year so you can save as much money as possible on your business taxes.
21. They'll help you stay up-to-date with all changes in tax law so you can be sure to get the biggest refund possible.
22. CPAs are trained professionals who know how to interpret tax laws accurately so you won't be surprised by an audit because they'll know exactly what deductions and credits apply to your situation.
23. Always make sure your CPA is licensed in most states, bonded, and insured.
24. CPAs will help you avoid missing out on valuable deductions because they know what's allowed and can spot savings opportunities, resulting in higher refunds for you at tax time.
25. A CPA is an expert with tax law as well as ways to reduce liability from year-to-year so you'll be better prepared to save money on your taxes.
26. CPAs are trained professionals who can offer guidance on how to reduce your liability from year-to-year through their extensive knowledge of the tax laws, ways to reduce taxable income, advice on where you can get deductions and other savings opportunities unique to your business situation.
27. They'll help you keep up with the latest changes in tax law to ensure that you get the biggest possible refund next year because they know exactly what you can and cannot claim.
28. CPAs are trained in business valuation which will come in handy if you need to determine how much your business is worth or whether it may be time to sell or seek additional funding through a private investment.
29. They'll provide expert advice on the impact of tax law changes and evolving change in filing requirements, maximizing your deductions and credits as well as minimizing your liability no matter what's changed from year to year.
30. CPAs are knowledgeable about tax law changes and will help you get the biggest refund possible by ensuring that you take advantage of all allowable deductions and credits while minimizing business income to reduce your taxable liability.
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Contact Coral Gables CPA CN Advisory at (305) 697-7562 to schedule an appointment.
We can help with your tax / international tax preparation, as well as franchise accounting (as a franchise cpa) or real estate accounting (as a real estate cpa).