The 4 Reasons You Need a Tax Professional
Tax season is here again. You're probably asking your self, should I file my own taxes, or go to a tax professional? If you own a business, are a self-employed, or simply provide services as a freelancer your best option is to get your taxes prepared by a professional.
Avoid Mistakes
A licensed tax professional will help you avoid costly mistakes. A tax professional is required to stay current on all the new federal and state tax laws. The tax code is very complicated. If you prepare your own taxes you may be incorrectly applying revoked tax laws, tax laws from previous tax years that are no longer valid, and incorrectly selecting tax credits and deductions that you are not eligible to claim on your tax returns.
Save You Time
You will save a lot of time by hiring a tax professional. The Internal Revenue Service reports that it takes over 20 hours to complete the average tax return with deductions. Your time is worth money.
Provide Tax Knowledge
Tax professionals can answer your questions and resolve issues. It’s very likely you will have questions about your taxes. Calling the IRS means you could be on hold for hours. Tax professionals can answer most of these instantly. The most knowledgeable tax professional is one who has an Enrolled Agent license. Enrolled Agents are the only true tax experts that are required to study tax law and have proven their mastery of business tax law, individual tax law, trust tax law, and estate tax law to the federal government and meet the ongoing standards and qualifications to provide tax advice, tax strategies, tax reduction planning, IRS and state audit representation to taxpayers.
Reduce Your Taxes with Complete Tax Advising
It's not enough to get your taxes filed. You deserve to have a competent and engaged tax advisor working with your finances every month. A tax professional with an Enrolled Agent license can advise you all year round on the best strategies to make smart tax saving decisions. If you want to reduce your taxes and secure your tax savings; you need something more special than just the traditional tax filing. At Clark & Co, we deliver tax filing service with proactive tax reduction planning. Our mission is to help you retain more of your hard earned money, while guiding you to build significant wealth in a tax effective manner. You can learn more about our complete tax advising or schedule an appointment by clicking below.