Why have an Accountant file your taxes?
A monkey could do taxes if he had the software, right?
Wrong. While many people assume that tax preparers are created equal, they are not. Tax preparers can range from free (volunteer sites for low income taxpayers) to bookkeeper/preparers, and from chain preparers to Accountants. Each has its pros and cons, and it’s up to you to decide what is best for your financial situation.
One of the most important advantages of using an Accountant is the relationship you will develop with your Accountant. He or she should be interested in all aspects of your financial life, and check in with you regularly. Especially if you’re self-employed or have income that fluctuates during
the year, an Accountant can help guide you throughout the tax year, to ensure that your tax situation isn’t a surprise on April 15.
The most obvious advantage of engaging an Accountant to do your taxes is education and licensing. An Accountant in good standing had to, among other things, graduate from college, pass the CPA exam, and participate in yearly continuing professional education.
Dig a little deeper, and you’ll discover that there are many other advantages to having an Accountant on your side. While most people’s initial reaction is that an Accountant is too expensive, that is not always the case. Be sure to ask your tax preparer about total fees, including fees per form, fees by time, and any add-ons that may appear on your bill.
Most importantly, you should see your Accountant as a tax advisor, who can help you navigate your financial situation, and help you use the tax code to your advantage.