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While spring may bring blooming flowers and warmer weather, it also reminds people of a less-desirable event—tax preparation. If you’re already feeling stressed about sorting through files and receipts, consider hiring an accountant. Here are just three of the many reasons why it’s wise to outsource the filing process.

3 Reasons to Hire a Professional for Tax Preparation

1. Avoid Errors

To practice tax preparation, accountants must undergo years of studying federal and state laws. Without such rigorous training, it’s easy to make innocent mistakes when filing. Unfortunately, if the IRS catches onto these errors, you could be audited, which would force you to revisit all your hard work and rectify the mistakes. In some cases, you could face legal penalties from fines to jail time. Working with a tax preparation professional will save you from potentially incriminating guesswork.

2. Feel Less Stressed

tax preparationEven if you manage to make it through tax season error-free, you’ll have spent countless hours pouring over transactions, statements, and receipts to get there. If you have a particularly complex tax situation—such as being self-employed with multiple dependents—filing can take away your free time and cut into your private and professional life. Luckily, you can hand over the reins to a seasoned tax professional and enjoy the season with considerably less stress.

3. Get an Optimal Return

Whether you’ve been eyeing a vacation special or a new car, your annual tax refund can help fund your goals. Unfortunately, if you’re filing solo, you might not get the largest possible check. After learning more about you and your lifestyle, your tax preparation expert will know exactly which credits and deductions to look for, so they can maximize your return. If you’re expecting a tax bill, they’ll use the same strategies to minimize your total payment.

 

If you’re looking for a dedicated CPA to help with your taxes, turn to Hannegan & Associates of Edgewood, KY. They’ll be happy to take the burden of tax preparation off your shoulders so you can get back to running your business or furthering your career. They even offer meetings over Skype® or by phone for your convenience. To learn more about their accounting services, visit the website. Call (859) 291-0101 to make an appointment.

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