Top Benefits of Using an Experienced CPA
Filing your taxes can be difficult, especially if you are a business owner. You may be confused as to how to file taxes, what deductions to claim and other aspects to consider during tax time. Hiring an accountant is the best way to make sure you file your business taxes correctly, saving yourself time and hopefully money in the process. A CPA can easily assist in the tax filing process.
Along with owning your own business, having a side job or even rental property can be a reason to hire a CPA. Having a professional for your tax or other accounting needs can only be of benefit to you. Read on to find a few benefits that a CPA can provide.
Making Life Easier in your Business
If you own a business, there are many ways that you can save on your taxes, such as tax write-offs. With a professional by your side, you have help navigating which options to choose for your write-off needs. Most business owners have no idea about certain deductions that can be written off based on the industry you are involved in. An experienced CPA knows just how to help you file correctly and get the most out of tax deductions.
If you are contacted by the IRS for any reason, including an audit, it is important to have professional help with the process. If you handle a situation involving the IRS incorrectly, it can lead to a big problem with government. Avoid any issue by contacting a CPA for assistance. An experienced CPA will understand the language of the IRS, so you fully understand what is going on and take the proper steps to take care of an issue. It can be scary to be contacted by the IRS, so having a professional by your side can help ease any fears or confusion.
A CPA can also help you figure out how to spend your money. A portion of your income should be used for some type of savings, be it a 401K or perhaps your children's education. A CPA can help you to determine the best way in which to use any spare income for your individual savings needs. Work with an experienced CPA by discussing your savings goals. Plans can be created to meet retirement savings; education needs and more.
If you own rental property, filing taxes can be confusing. A professional CPA can help you by providing information on what deductions you may use on your property. When it comes to operating a rental property, the best option is to hire a CPA within the first year of ownership. That way you can learn more about the tax process and be prepared for what you need to do at tax time.
Hiring a CPA is a good idea in any circumstance. Consider your tax or accounting needs and speak with a professional to learn more about your options. Scheduling a consultation will help you to receive the information you need and get started taking advantage of the many benefits a CPA can provide.
Call Dick and Sherry Steiman
When you need stay on track with your finances, prepare your taxes, and keep track of your bookkeeping there's no better team. Dick and Sherry have over 50 years of experience and have a solid reputation within their industry. Schedule a consultation with them today (623) 546-4894.