Can Tax Professionals Really Help Save You Money?

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Can Tax Professionals Really Help Save You Money?
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• Most US individuals and businesses who benefit
  from having completed their tax returns in a
  timely and accurate manner, will admit to having
  used the services of a tax professional, and
  there is absolutely no shame in that.
• While costs may be the concern of some, and not
  shame, experience shows that for most who used
  their services, they considered their money to
  have been well spent since it ensured that they
  faced no late filing or inaccuracy penalties, and
  many even saved money through deductions that
  they would otherwise have been unaware of.
• If youre uncertain as to whether you need or
  want to use a tax professional when you file your
  taxes this year, try asking yourself these
  questions to help you decide

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• What will your budget be?
• If your budget really is minimal and youre
  having to pull up your shoestrings just to get
  along, then there is a chance that you might be
  better off filing independently. However, if you
  consider that a tax pro might find savings that
  you wouldnt necessarily spot, the debate is
  still open.
• If youre a business owner, then there is no
  reason not to engage with a professional, and
  its strongly recommended if youre financial
  circumstances are at all complicated.

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• Do you have the time to file your own return?
• Time is often just as important to individuals
  and businesses alike, and if you could be doing
  other, more worthwhile things with your time than
  putting together your tax return (things that
  just might see you make more money), it might
  make sense to hire a professional. While its
  necessary for you to collate a few documents,
  invoices and receipts for your tax preparer,
  thats the work of minutes compared to the
  average time it takes to fill in a Form 1040.

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• How complicated are your taxes?
• Single filers with rented accommodation and a
  regular job, may not struggle to complete their
  own tax return, since it should be
  straightforward. The minute your circumstances
  change drastically, or your financial situation
  becomes more complex though, youll quickly wish
  youd left it to the professionals. Remember that
  not only do tax preparers file your taxes for
  you, but they can offer insight and guidance into
  your overall tax situation, and this can prove
  invaluable for business owners and entrepreneurs.

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• There is also the issue of tax laws, which are
  notorious for constantly changing and confusing
  tax payers. With a professional, they will have
  up to date knowledge of every state and federal
  law, and will ensure that you are always in
  compliance with the law.
• Have you ever dealt with the IRS before?
• When you complete and sign your tax return, that
  means that you, and you alone are responsible for
  all the information given to the IRS. If they
  have any questions over your return, they will
  contact you directly, and sometimes this can
  happen years after youve filed.

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• However, if you use a tax professional, you will
  have the opportunity to direct the IRS to your
  tax preparer should they have any queries. If you
  use an enrolled agent, CPA or attorney, they will
  also have the power to represent you before the
  IRS.
• Tax professionals can certainly save you money,
  if theres money to be saved, and not only that,
  but theyll save you time and stress, too. For
  more information about how a tax professional can
  help you, get in touch with your nearest service
  provider.

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• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax preparation service
  Coral Gables. If you are looking for tax
  preparation service in Miami, Heyer Associates
  would be a right option.