In this day and age, it’s easy to think you can handle your own tax preparations using the latest software and searching online for help along the way, but that may not be the best option.
- If any of the below pertain to you then you should hire a professional:
- You have a complicated tax situation.
- You have a side gig or started a new business.
- You didn’t file returns in the past.
- You’re missing documents.
- You got married or had kids.
- You made a large investment.
The list goes on and on, but these are some of the most common factors that lead to mistakes and cause confusion in the long run. There are a lot of misconceptions (both good and bad) about doing your own taxes.
Think about how much you’re willing to spend … Cost is a significant factor as taxpayers determine which route they’re going to take once tax season rolls around. You can pay less and deal with robots or pay slightly more for one-on-one consultations. It could also be the difference in getting it done right the first time or spending countless hours crunching the numbers yourself.
Benefits of hiring tax professionals include the fact they stay updated on changing tax laws and they can continue to give you guidance throughout the year as laws change. It also helps to have an extra set of eyes to catch mistakes and little known tax deductions, especially from an expert.
At Tax Defense Partners, we guide you through the process and help simplify tax prep so you can be worry-free. Come in for a consultation or call us if you have questions. Even if you just want to learn more about your options, we’re here to help!