Knowing what to have prepared before meeting with a Reno CPA or accountant is important. Being prepared will save you on preparation fees, and potentially increase your deductions. Although it may take you a little extra time to get prepared, it will only help you in the end. Gather any medical documents for medical deductions and also items like property tax documents. Bags of grocery receipts (which you don’t need) and important tax documents (which you do) all jumbled together will only be a costly and time consuming waste–separate and organize!
When is the best time to hire a Reno CPA? The simple answer is now. Establishing a relationship with an experienced CPA in Reno can significantly help you with your personal and business tax preparation, financial and business planning, and help you plan and maximize your financial goals. It is also better to hire a early on, rather than after you get a notice from the IRS (“love notes” I like to call them!).
When you are faced with an IRS business audit, you are most likely going to be stressed and overwhelmed. Hiring a Reno CPA to help you is the best decision you can make. IRS auditors are trained at asking the right questions to get the most money from you. During this stressful situation, play it safe and smart– have a CPA on your side. They have the experience you need.
Many ask about the difference between a Reno CPA and a bookkeeper. In fact, many individuals think they are one and the same. However, there are many differences between a CPA and a bookkeeper, such as the higher level of education and continuing education requirements, successful completion of the CPA exam, and much more. Both are important to a business; however, a Reno CPA can help you and your business with a far wider range of abilities.