While many people choose to do their taxes on their own, having the assistance of a CPA really makes a difference. Even if you’ve been filing by yourself for years, considering the following three benefits of having a professional accountant by yourself come tax season next year.

3 Reasons to Hire a CPA to Do Your Taxes

1. Enhanced Tax Planning

Instead of waiting until the last minute to get a jump on the tax prep process, an accountant can assist you in planning all year long. This is crucial to ensure you’re paying the right amount, as well as making the most out of all available deductions.

2. Improved Record Retention

The IRS recommends saving important tax documents for a few years after filing. This can be helpful in the event a previous return is called into question. In this case, you may need to provide supplemental information, and well-organized records will make for a much smoother process. A professional accountant will keep your records organized for you and even help you through the audit process for a positive outcome. 

3. Knowledge of Tax Laws

Lastly, and perhaps most importantly, a CPA possesses a great range of knowledge regarding taxes. This includes all applicable laws, which can change frequently and have a significant impact on what’s expected of you. With a professional accountant by your side, surprises at tax time will be kept to a minimum.

Residents in Crossett, AR, rely on the assistance of Clark W. Terrell CPA for a wide range of accounting services. As a trusted local professional, he can tackle even the most complex issues, including those related to tax prep. Contact his firm today by calling (870) 364-5006. You can also follow this widely respected CPA on Google+ to stay up to date.