It’s that time of year when marketing messages abound with claims of quick fix and easy to use tax software that supposedly eliminates the need to have your taxes professionally prepared by a certified public accountant.
These claims might hold a little water for a person who is unmarried, without investments or significant property. However, if you’re married, have a mortgage, own and operate your own business, and have income capital from your investments, you should strongly consider having your taxes professionally prepared.
Even if you do your own taxes with the best of intentions, it is still possible that you might make an honest mistake, incorrectly fill out a form, or simply not be fully informed about the finer points of tax law. This is even more likely if you’ve recently inherited money or property as part of an estate. If you have employees, changes to the Affordable Care Act could confuse you even more.
The costs for being audited, even if you are innocent of any wrongdoing, can be staggeringly high. Add to this the complications of filling out additional forms, providing new documentation could result in a significant loss of time and money. When it comes to taxes, no software can duplicate the knowledge and expertise of a qualified professional CPA.
If you have questions or you are considering having your taxes professionally prepared, please feel free to contact us to schedule a consultation. We look forward to helping you save time and money this tax season.