The Benefits of Hiring a CPA to Do Your Taxes

It is not uncommon for small business owners to want to do their taxes on their own to save themselves money. After all, why pay a CPA to do your taxes if you can do them yourself, right? But what if that’s wrong? What if hiring a CPA to handle your taxes could actually save you hundreds, even thousands of dollars each year... plus save you time, energy, and a major headache? Did we grab your attention? Let us explain why hiring a CPA is the right choice.

CPAs Know Tax Laws

Tax laws are often changing and complex, so keeping up with what is current and what isn’t can be difficult. Not to mention, keeping up on the subject doesn’t exactly scream fun. Luckily, if you have a CPA, he or she will keep up-to-date on all of the latest tax laws, so you don’t have to. How does this benefit you? For starters, it keeps you out of trouble with the IRS and makes sure you are in compliance with all current tax laws. Not only is the burden of this task lifted by having a CPA, but a CPA’s tax law knowledge can also help you get the latest tax benefits, and save you some major dough.

It Saves You Time

As a business owner, finding ways to maximize your time is key. By confiding in a CPA to do your taxes, you no longer have to waste precious hours of your already very valuable time researching, organizing, preparing, and filing your taxes. Instead, you can pump those hours back into your business where it matters most. In the end, less time spent trying to figure out your taxes means more time put back into your business to focus on generating more revenue.

CPAs Know How to Maximize Your Tax Deductions

If you own a small business, our guess is you don’t have a lot of spare time or interest in becoming a Bookkeeping guru. This is where a CPA comes in to help manage the finances of your business. By hiring a CPA, you can maximize your business tax deductions and avoid penalties. This is one of the main and most exciting benefits of hiring a CPA for your business taxes! Who doesn’t want to maximize tax deductions!? CPAs are experts in all things taxes, so they can help you identify and maximize all of your small business deductions. The more deductions you find you are eligible for equals more money back in your pocket. Cha-ching!

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A CPA Keeps You Organized

Did you know you can be audited at any time? Did you know you are expected to be organized and present exactly what is needed? That can be pretty scary if you don’t have a knowledgeable CPA by your side. CPAs are the most effective way to combat an IRS tax audit. Why? A CPA can help businesses with budgeting, investments, restructuring, bookkeeping, etc. Ultimately, keeping your business organized. Not only that, but a CPA will work with the IRS to get them what they need. CPAs work with the IRS often, so they will know how to handle the situation correctly and promptly. 

So there you have it! Some of our top reasons to invest in a CPA. A CPA will save you time and energy, so you can focus elsewhere. Outsourcing the things that you don’t want to do, or that aren’t your expertise will not only give you peace of mind but add a lot of time and energy back onto your plate. It can take a lot of time and resources to file your own taxes, which can be frustrating. By hiring a CPA to handle your business taxes, you can focus on growing your business, and leave taxes to the expert. To chat more about our tax services, simply fill out the contact form on the Contact Us page, give us a call at (906) 774-4051, or email us at solutions@f-ccpa.com. We're happy to help you with your tax needs!