Top 5 benefits of using an accountant for your tax return
There are so many benefits to using an accountant for your personal or business tax return! But, in some circumstances, it’s difficult to know whether access to those benefits is worth the cost. This blog post will outline the perks of using an accountant for your tax return to help you do your cost-benefit analysis (and if you know us, you’d know we’re all for those!):
The top 5 benefits of hiring a tax accountant
If you’re looking to hire an accountant for your taxes, you’ll love these 5 benefits that add value
1. Tax Accountants have vast industry knowledge
Behind the smiling faces of our friendly team is a vast network of accounting expertise, backed by sophisticated technologies designed to improve our in-house productivity. It’s our job to know about the latest tax offsets and all the tax deductions available to you. And we’re ready to apply all that industry knowledge to your benefit!
2. Tax returns Accountants save you time!
While many of you non-accountants are capable of doing your taxes, it doesn’t always make financial sense for you to do so. The accountants at HT & Associates live and breathe accounting 5 days a week, so we know how to get the job done as efficiently as possible. Meaning you’re better off working (or enjoying) the time you pay us for - especially since our fees are tax deductible.
3. Tax Accountants plan for the future
A big part of the value we add is that we know how to set up your taxes to help you plan for the future. Whether it’s purchasing your first house, educating your children, or expanding your business, there are steps you can take today to maximize your future finances.
4. Tax Accountants keep you organized
We know what you need to include with your tax return. While our helpful checklists for business tax returns andpersonal tax returns are a great starting point, we know exactly which documents are required and what for - so we can keep you on track and compliant.
5. Tax Accountants eliminate tax anxiety
Doing your own taxes can be stressful - especially if you’re a business owner. The assistance a qualified tax professional provides eliminates that anxiety, making tax time as stress-free as possible. We’ll ensure your return is filed on time with all the relevant information accurately reported. As a bonus, we’ll also ensure you pay only the tax you legally need to pay - no more, no less.
Tax accountant vs tax software: which is better?
The answer to this lies in your personal circumstances. If your tax situation is straight-forward, it may be more cost-effective to use tax software to file your annual tax return.
However, tax software can only take the factors it is programmed with into consideration. It won’t think about your personal situation, including your future goals, when inputting the data. And it certainly can’t compete with the creative, complex planning abilities of a qualified tax professional.
How much does it cost for an accountant to do your tax return?
The cost for an experienced tax accountant at HT & Associates to do your taxes will vary based on the complexity of your return.
If your financial situation is more complex, the return tends to take more time and will be more expensive. That being said, there are typically more tax offsets and deductions open to those with more complex tax returns.
Since your finances are unique to you, a cookie-cutter approach to your accounting won’t suffice. Your tailored quote for your tax return reflects our approach and our service - personalized, high-quality, and value-driven.
The cost you incur for professional tax services is your best bet to maximize your tax refund.