We all have the means to prepare and file our tax returns on our own. But does that mean you’re going to be the best at it? Definitely not. Whether or not you need a CPA to handle your tax return comes down to how complicated your return is going to be, and how much time you’re willing to put into it.
Why Use a CPA for Your 2022 Tax Return?
Certified Public Accountants (or CPAs) are just that, certified. But it’s not a once-and-done deal. They have to maintain that certification through structured and ongoing education, and ensuring their business meets certain standards. These standards are in place to ensure you’re getting a quality job done and that they’re not going to miss any marks.
If you find a CPA that’s been around for 10+ years, they’re likely going to be around for more. How does the CPA’s longevity affect you? If your accountant remains in business year after year, your taxes get that much easier. They’ll have your information from doing the previous year’s taxes as a foundation, and each tax year your relationship will grow and they’ll understand more about your financial situation. This means less back and forth for the next tax season.
Why Use a CPA and Not a Tax Preparer?
Upfront a CPA is going to have far more extensive experience than a tax professional. You have someone who obtained a proper degree, passed extensive exams, has real-world experience, and continues their education regularly on your side. If you are audited by the IRS, your CPA will be approved to represent you and your financials. On top of all of this, you have someone to answer your financial questions. A high-quality CPA is not just experienced in preparing and filing taxes, they can help you start a business, prepare financial statements, and provide other financial guidance. You have a person to answer your questions about your financial situation in your state and region. Not a computer program, not Google, not someone without the proper experience.
A CPA Won’t Lose Your Tax Documents
Much unlike ourselves, a CPA is not going to misplace your return. A modern CPA is going to implement digital practices as well, so you’ll be given online access to your documents as well as a hard copy. When next year comes around, they’ll have everything in order from the last tax season to get started.
Time is Money
We all know how it goes: time is money. If you’re considering using a CPA or other form of tax preparation service, then you’re looking to save money. Whether or not you go with a CPA also depends on how much your time is worth to you. You’re still going to be a part of the process, you’ll need to gather documents, answer a few questions, and take time for a few phone calls. But that doesn’t even scratch the surface of what preparing your own taxes entails.
Best CPA in California
Chris Haro and his team have prepared & filed literally thousands of tax returns over their 20+ years of experience. They can provide you with not just tax preparation services, but business consulting, bookkeeping, and more. Their team is happy to have a conversation about your financial goals and what it takes to get there. Reach out today for a personal consultation.