When tax season rolls around you have a decision to make. Should I file my taxes alone or should I get some help? If you decide to get help, then the question is where to go? A CPA in Reno, a national accounting firm, or use some sort of online filing aide? At Evans Nelson & Company CPAs, we find that many times when a person decides to file their taxes themselves they end up with more questions than answers.
There are reasons why a person may decide not to hire a CPA, but there are far more reasons why a person should. Even if you believe that your financial situation is simple and your return is not complicated, you may be missing an opportunity to save money. One of the reasons people decide against hiring a CPA is that it costs money. Yes it does. However, our knowledge of the tax laws and regulations often result in saving our client’s money by reducing the tax they pay and the fees they pay for our services.
Tax regulations are ever changing, making it nearly impossible for the average person to keep up with the most current policies. This is one reason why hiring a CPA can help you. CPAs are required to stay on top of all tax changes and to attend a specified amount of continuing education each year.
If you choose to file your taxes on your own, it is likely that you may not do it accurately. If the IRS receives an incomplete or incorrect return, then your refund will probably be delayed and/or you could get correspondence from them. A CPA can help you file an accurate tax return, thus avoiding these problems.
Not only can a CPA help you to file your taxes accurately, they will make you aware of any opportunities to save money. If you are trying to decide whether to hire a CPA, then you need to consider your situation closely. It is likely that a CPA can help you in many ways with your tax preparation and tax filing.