Time to Hire an Accountant Now

 

It’s that time of year when tax season
is right around the corner. What does that mean for you? Usually it means
gathering all your tax information and filing your tax forms. Bear in mind you
may know little about accounting. You can make a smart and cost-effective decision
to hire an accountant and let them do the heavy lifting. Here are a few reasons
why an accountant is a great decision for you:

1.   
Save Time. If
you don’t have the time to devote to doing your taxes then don’t. An accountant’s
sole job during tax time is preparing and filing taxes. Outsourcing this task
will save you time to properly fill out the forms. A rushed incorrect tax filing
can lead to problems with the IRS, and can cost you in fees.

2.   
Less Stress. Do
numbers read like a foreign language? Does getting all of your tax information
together stress you out? Accounting is a complex subject that few understand. An
accountant knows and understands the tax filing system intimately. Take your
tax documents and let the accountant process the information. Chances are they
understand the process better than you.

3.   
Finding and Itemizing All Your Deductions. This can be tricky since President Donald
Trump’s 2017 tax laws have changed deductions. If you have a mortgage, children,
and make significant charitable donations, this can be challenging to navigate.
An accountant can take all your possible deductions and maximize your return.

4.   
A Big Change in Life Last Year. Did you buy a house or get married? Life events happen as
buying a house or getting married. Is this the first year you have to document them
on your taxes? These life events are great for you but make your taxes more
complex. If you have to file it for the first year an accountant will know how
to navigate the process correctly.

5.   
You Own a Business. Do you know how much income your business made last year? Is your
business ready for an audit? An Onpay study found that 28 percent of
businesses have been audited by the IRS. An accountant will take the worry and
time out of doing your own business taxes. Plus, if an accountant does your business
taxes you can continue to focus on your business

6.   
Saving You Money. Taxes can get complicated. It can also be a very costly process. If you
file your taxes by yourself then you can get face fines from the IRS for doing
them wrong or reporting something incorrectly. With hiring an accountant, you
won’t have to worry about making costly mistakes. Hiring a professional will
allow you to tax prep, and able to receive and save as much money with
following the laws set in place.

SWVA Tax & Accounting is a full-service
accounting firm that specializes in helping small businesses. SWVA Tax &
Accounting has the knowledge and experience to help you. They pride themselves
in doing taxes right the first time. They will save you time and stress that is
involved in the accounting process. With offices located in The New River and
Roanoke Valley they can serve all your accounting needs. Click here to schedule an appointment online
today with SWVA Tax & Accounting. Or call SWVA Tax & Accounting 540-250-3198.
We’ll run the numbers, while you run the business.

 

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