Tax season is right around the corner and there is no doubt you’ll see numerous advertisements about different software programs individuals can use to file their own taxes. Created in an attempt to ease the burden of paperwork and used as a method to potentially simplify an otherwise detailed process, these programs have evolved over time and incorporate a variety of different features. However, there are still multiple deficiencies and trusting the computer and yourself, to have all of the right numbers in their correct places without missing any potential deductions can be a risky process.
There are a number of innocent tax return mistakes that trigger IRS problems. Even if an error is not considered intentional, the end result can be penalties and interest payments in order to rectify the situation. Avoiding these costly mistakes is a key component to entrusting a tax professional with your return. In addition, there are a number of other valuable benefits including each of the following:
Hiring a tax professional to file your return may save you money. Even after paying for their services, if potential deductions or other methods to minimize your tax liability are utilized then the end result could be a larger refund than would have been awarded under a self-filing.
Reduce Stress and Save Time
Tax season can be a stressful time and handing off your paperwork for another individual to input can help to eliminate some of the stress associated with filing your own return. Ultimately, a decision must be made about how much your time is worth and if turning over all of the necessary documents outweighs having to cipher through everything on your own. A majority of the time it pays to let an expert take it over.
While returns are filed with the information provided by a client, should the IRS have questions about a portion of the return, being confident in the answers can help. Experts often have relationships with the IRS and have dealt with any situation that may arise as a result of your filing. Having someone in your corner if/when the IRS comes calling can be extremely beneficial.
If you’re ready to receive support at every step along the way and a level of care for the finances of your business or personal financial situation then let the tax professionals in Denver
at Bloch Rothman and Associates assist you or your business today. In addition, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by both the IRS or outside agencies, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have. Serving in Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and serving whatever your needs may be very soon!