subject: Preparing Your Taxes With A Cpa [print this page] With tax laws constantly changing it can be a good idea to use a CPA to prepare your taxes. There are other companies that offer the service, but they often aren't cheaper and nor do they offer a personalized service. In the end what you are paying an accountant for is protection. Most families and most small business's can benefit.
A CPA is a certified public accountant. They can prepare taxes, handle audits, and even save your records from year to year. If certified, your preparer will have to partake in continuing education and they will also have to own or work in a business that is run according to the current laws. This coupled with experience in tax preparation protects you from a costly audit because of a preparers or your own mistake.
Of course there are people out there that really don't need the services of a professional to file taxes. If you are required to file a 1040EZ or 1040 and you plan to take a standard deduction, a preparer is not necessary. It is when you first buy a home, have self -employment income or a small business that you will want to hire a professional.
If you fit the description of someone who does not need a preparer but still insist on paying to have your taxes prepared, do your best to find a reputable preparer. Chain preparers are not all bad, and they are not all good. It is important to do research before just popping in and using someone.
Along with record keeping, tax preparing and handling a dreaded audit, a firm can offer you tax planning advice for the next year. Since they won't close down right after tax season is over, they can be there to answer questions or help you if you get a horrifying letter about an audit. If you find that you need the services of a notary you will likely find that your local tax preparation office has one or they can recommend someone to you.
In the world of tax preparation, accuracy is king. Accuracy and knowledge are the fine line between preparing your taxes by yourself and hiring a professional. If you are going to hire someone, find a specialist who will stand behind the taxes they prepare and the guidance they offer. A CPA is going to have the know-how to file an honest return that gets you back the optimal amount for your family or business.
by: Alfred Ardis
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