While individuals with a single income source who take standard deductions may have a fairly easy tax return or you have a more complicated tax return we suggest hiring an accounting professional. With trusted service to the residents of Chandler, AZ, Steven M. Vogt, CPA wants to educate clients on the benefits of hiring a personal accountant.
Here are just a few of the advantages they can offer:
- Reduced Tax Liability: With an in-depth understanding of the tax code, a CPA will ensure you receive every possible deduction and credit you're entitled to. With a year-round tax strategy developed by a skilled accounting professional, you can optimize the tax advantages of your investment activities.
- Powerful Software: While many business owners or self-employed individuals prepare their taxes by hand, most accountants use professional software to ensure a higher degree of accuracy. What’s more, they can generate detailed reports on the status of your finances, so you’ll know exactly where you stand.
- Updated Knowledge: The tax code is constantly evolving, and relying on outdated information can cause mistakes that may trigger an audit and further penalties. By staying up-to-date on all modifications to the law, your tax accountant's advice will help you avoid common issues and trouble with the IRS.
- Audit Representation: In some cases, an audit is unavoidable. If your returns are selected for review, only CPAs and Enrolled Agents can represent your interests before the IRS. In most cases, your accounting professional can identify what triggered the audit, help you collect any necessary documentation, and explain the issue without incurring an additional financial penalty.
Steven M. Vogt, CPA has provided high-quality financial and accounting services to local individuals for over 20 years. Visit the website to learn more about their wide range of services, or call (480) 732-9898 to schedule an appointment today.