Why pay a CPA to do your taxes when you can file electronically for next to nothing? OK, so it takes a few hours and you always wonder if you could be argued that much more, but the files on the network's so easy.
At least, it used to be. When you have a written form -2 worry about which network is a no-brainer, even if it's a headache. But now that you are self-employed, you feel a migraine coming on, every time you think about setting your tax: Form 1099 1040, payment, Schedule C ...
A CPA can save time and money ... and that's not all.
Are you ever going to get it all straight? Here are three reasons to work with an account is a smart business:
1. "do it yourself" fallacies
Entrepreneurs can not do anything, or so we like to believe. Self-employment category of self-reliance, and when you work alone, you are responsible for everything: choosing customers, contracts closing the deal - the whole nine yards. When something breaks, you fix it. You deal plain and simple. Why should you not put your own taxes?
As a CPA and can save time and money. Because you need to protect your business from costly penalties and audit activities. Because your taxes is not just another issue to be resolved.
Think of it this way: When your car breaks down, you take it to a car and shop when your roof leak was the wrong call. Sure, you can put your car on the block pop the hood and take your machine apart piece by piece, just as you can fumble through your own 1040 SE, but why would you? Support can perform better in one-tenth of the time.
2. Search and Credits - Avoid audit
Accountants know the tax code inside and out, far more than software. They can help you search for your business in order to maximize your savings. In addition, they are trained to detect and eliminate red flags that could trigger an audit.
In the unlikely event that you are audited, your tax preparation can guide you through the audit process by helping you prepare for the audit in the home or by working directly with the IRS on your behalf. Although only about 1% of US taxpayers were audited annually, self-individuals and small business owners are audited more frequently than those who earn wages. Trust me, you do not want to face the IRS alone.
3. Work with the account gives you piece of mind
Savings, security, ease-end, it all added up to a piece of mind. I can guarantee that you will sleep with the Sounders professional on your side. So put away your shoe box bill, take a couple aspirin, and call the CPA. You'll thank me in the morning.