Tax Filing - When is it time to call a Professional?

A key question for many taxpayers is whether to hire a paid preparer, or to use tax software.

Tax software offers a cost-effective and convenient alternative to hiring a professional. These programs are best used for straightforward tax returns, such as single filers reporting W2 income, using the standard deduction.

However --- if any of these situations include you:

• multiple sources of income

• have any self-employment or gig-based income

• have dependents

• own a rental property

• changes in marital status or family

• moved from one state to another

… taxes get complicated.

Professional preparers have a perspective that software cannot provide, which helps with tax savings. We know the questions to ask, and how recent changes will affect returning clients’ taxes. Most preparers have experience with a broad range of household and small business taxes. This allows for tailored advice, based on your specific financial situation and history.

Tax professionals are required to maintain their knowledge through continuing education. We keep ourselves informed of new tax laws and decisions. This expertise ensures your tax return takes full advantage of tax law changes and reduces the risk of audits or penalties.

Using a tax professional also saves time, allows you to sleep at night and reduces stress – something we all have too much of these days.