If you have been on the fence for the last few years, trying to decide if you should enlist the help of a professional tax firm to help you prepare your annual tax return, now is a great time to spend time thinking through all of the potential benefits of partnering with a tax relief company. E&Y Insurance Agency has pulled together the most compelling reasons for hiring our professionals to help with your tax preparation or audit support in Troy Michigan. Read on for more information!
Our tax preparation firm will save you time
It is estimated that completing your own tax return each year takes an average of 16-22 hours. This includes record keeping, organizing, completing forms and actually submitting the return. If you turn your taxes over to a professional in tax preparation in Troy Michigan, you can significantly decrease the amount of time spent on taxes and likely save yourself some stress and worry as well.
We will save you money
While one of the considerations for hiring a tax professional is the additional amount of money you will pay for this service, it is important to note that a tax professional can actually save you money on your return. A tax professional can identify all possible deductions and credits that you may be eligible for, ones that you may not even have been aware of. Also, if you calculate your time in terms of a dollar amount, you may find that paying a tax professional actually saves you money!
Your taxes will be filed accurately
Professional tax services in Troy, Michigan from E&Y Insurance Agency, can reduce the risk of errors on your return, which can increase your likelihood for an audit. Basic math errors, inverting numbers and forgetting to sign and date your return are some of the most common errors for individuals who complete their own return. Hiring a tax professional will ensure that your return is error free.
Tax preparation fees can be deductible
If you itemize your deductions and use tax assistance in Troy, Michigan, you may be able to deduct some of your expenses including mileage, postage, software and other resources like books that give you information on how to file. The key here is the only way to be eligible for these deductions is to itemize your return.
Audit support
No one wants to even think about an audit when they file their annual return. And, in most cases, audits are fairly rare. One other benefit, however, of using a tax professional for your annual return is that if the IRS has questions about your return, you already have a professional in place with knowledge of your financial information that can help with your audit support. This peace of mind alone is one main reasons why many people opt for professional tax assistance in Troy Michigan.
For more information about why you should consider tax preparation in Troy Michigan from E&Y Insurance Agency, or for more information about our other services, please feel free to continue browsing through our website. We can be reached at (248) 362-1313
