Tax return preparation is almost always a complicated process, but business owners and investors with more complex finances face additional challenges. Unfortunately, innocent mistakes can lead to additional scrutiny from the IRS, missed deductions, and penalties due to incorrectly filed paperwork or missed deadlines.

According to Daren Katayama CPA LLC in Kailua Kona, HI, there are several tangible benefits to hiring an accountant services provider during tax season, including these three:

• Accurate & Timely Filing: Whether a filer has transposed two numbers or relied on outdated information, tax return mistakes can have serious consequences. You could wind up paying much more than you owe, or face an audit from the IRS and unexpected back tax bills in the future. Any accountant services professional will remain up-to-date on recent changes to the tax code, ensuring your returns will be as accurate as possible.
  
• Minimized Tax Liability: After carefully analyzing your finances, income, and expenditures, your accountant will identify tax credits and deductions you may have missed, potentially reducing your liability by thousands of dollars. They will also help you develop a year-round tax plan for the next season which allows you to spend and save strategically to maximize your deductions in the future.
• IRS Representation: If you are audited by the IRS, your accountant services provider can represent you in discussions with the auditor, which can significantly streamline the process. In many cases, they can quickly identify the issue that triggered the audit and explain it to the IRS or file a correction if necessary.

The financial services team at Daren Katayama CPA LLC have decades of experience serving clients throughout Hawaii, and a long-standing reputation for courteous, effective service. Visit their website to learn more about their broad array of accountant services, or call (808) 329-6635 to make an appointment today.