To be perfectly candid with you, tax bookkeeping is a mess. Like it or not, contemporary tax laws are insanely complicated that something as simple as filing a return can be confusing. It can leave you with more questions than answers.Today’s tax laws are so complicated that whether you want it or not, overlooking deductions and credits to which you are entitled is very much possible when you do it manually. And even though you use a computer software program to do that, it is not exactly a piece of cake. Well, unless you hire the professionals to do it!
In fact, as per a study released by the US Government’s General Accounting Office, a majority of taxpayers believed they benefited from using a professional tax preparer. And why wouldn’t they?
When you outsource your tax preparation to the expert accounting and finance consultants, your tax return is checked and rechecked by their computer software identifying potential problems. The issues that the IRS may look at more closely if not attended to in advance. And we have spoken about the world of problems it can land you into in our Tax Challenges section. With the help of a qualified CPA your tax return can be filed electronically so you will get a refund back quicker.
Moreover, the professional tax consultants know how to adjust your payroll withholding to get more money back each week. They show you all the potential deductions to limit your tax liability for next financial year. This is especially very helpful if you own a small business and haven’t kept up your bookkeeping.
If your books are a mess then you should definitely contact the professionals to prepare your bookkeeping for the year, prepare a full Schedule C, and your personal income tax return. They will help you set up a reliable system that allows you to keep your books in tip-top shape next year.
As a team of experts in American tax service & regulations, PSR CPA can prepare your bookkeeping for the year, a full Schedule C, as well as your income tax return.
Still not sure if you need us? Have a word with us and we will help you figure out!