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Don't Be Embarrassed to Ask Tax Questions

We ran across an article in an online finance blog/website we subscribe to entitled "11 Things You're Embarrassed to Ask About Taxes" - while we thought the questions were not so embarrassing at all (we get them all the time as experienced Denver accountants), we wanted to take this opportunity to share some of the more common ones we saw in the article and that we hear from clients and potentional clients. The advice from the responder in the article was pretty spot-on, but here's our quick take...
  1. Is there a benefit to filing your taxes early?
  2. How do I know if I need an accountant?
  3. Since I'm a freelancer, none of my taxes are being withheld, so what do I do?
These three questions above are extremely common ones, and yes, there is a benefit to filing your taxes early - you get your refund sooner. Most people can benefit from having a trusted Denver accountant such as us here at Bloch, Rothman & Associates. Especially if you own your own business, are an independent contractor, have stock options and investments, or itemize your deductions. And if you are an independent contractor/freelancer and don't know what to do, definitely seek out an accountant, because you need to withhold a good amount of your income to avoid having to pay the IRS a huge hefty sum with fees and interest at the end of the year.

Contact us today with any "embarrassing" tax questions you may have. We would be happy to lend our Denver accounting and tax expertise. (303) 321-7160.