Are you preparing to file your taxes? If so, you may want to consider hiring a tax preparation professional to file your return. While it might appear like a somewhat simple task, you could be losing money by making little mistakes or not understanding the latest tax laws. The professionals at Erie & Associates, PC have been the accounting firm of choice for the Texarkana, Texas, area since 1985. Below, they outline the top three reasons why hiring a professional can save you in the end.

If you’re not sure whether you need a CPA for your tax preparations, then consider the following points:

• Complex Situations: Everyone’s situation is unique. A tax preparation professional will understand the nuances of your particular situation, as well as how you can benefit from specific tax codes that you may not be aware of. In essence, by preparing your taxes without a professional to guide you, you could potentially be throwing money out the window.
• Annual Law Updates: While most believe tax laws remain relatively the same, they are updated annually. Methods for filing your taxes used in previous years may not benefit you now. Your accounting firm makes it their job to stay up to date on current tax laws so you don’t have to. 
• Best Possible Return: At the end of the day, you want the highest possible tax return. This means taking the time to understand updated laws, applicable deductions, and tax incentives. The truth is, one simple error on your tax return can cost you thousands of dollars. It pays you back in the end to hire a professional accounting firm to file your taxes. 

If you have questions about how a tax preparation professional can assist you, contact Erie & Associates, PC today. Their staff has the skills and knowledge necessary to help you successfully complete your return, no matter what obstacles you may face. Call (903) 792-6651 or visit their website for more information.