Get Ready, It’s Tax Time!
You can count on it happening every year as spring approaches. It’s time to file your taxes again. Despite the fact that It’s a yearly occurrence, tax time still sneaks up on many people, causing stress. The fact is that no one likes income tax preparation. For some, it’s because they aren’t organized and don’t have all of their information gathered. Others can’t keep up with the inevitable changes in tax laws each year. Unless you are a tax expert, it’s hard to know exactly what changes might affect you. Going to a tax preparation firm for help can take away a lot of the anxiety caused by thinking about and preparing your taxes.
Avoid Costly Mistakes or Ommissions
Missing out on a claim or benefit on your income tax return could have a huge impact on whether you have to pay or whether you get a refund. In some cases, it could make a difference of hundreds or thousands of dollars either way. Do you really want to shoulder that responsibility on your own? Instead, have a tax professional prepare your return and file it for you, correctly and on time. They will ensure not only that you get all of the benefits you are entitled to, but that you don’t mistakenly claim something that isn’t allowed. Mistakes like that can potentially lead to liability in the future if you are audited by the IRS.
You Have Better Things to Do
Beyond the possibility of making a mistake or oversight, consider the time it takes to prepare and file your tax return. For most people, it will never be a routine task so chances are it will take you some time to get it done. Even using software or an online tax preparation tool that does many of the complex calculations for you can still be time-consuming as you learn how to use it. A tax professional files your tax return in much less time, freeing you up for other things.
Is Online Tax Prep Really Easier?
Online tools and software have come a long way in making it easier for the average person to file their tax return. These tools walk you step-by-step through a process of answering questions about your household and employment to apply relevant tax rules. They work pretty well for the most part but they are not perfect. Online tools and software packages may cause you to miss out on some of the less common credits and benefits. Also, they don’t do well in more complex situations like self-employment, complicated investments or when you are behind on filing your taxes.
Let a Tax Preparation Firm Handle It
A tax professional can handle any situation, making sure that you get all of the benefits and tax breaks available to you. Because it’s their business they can prepare your income tax return quickly, and accurately and are well informed about changes that happen every year. A really great tax preparation firm will also provide tax assistance in planning ahead for next year and help you plan to minimize the impact of tax time next year.
Contact E&Y Insurance Agency for tax services and tax preparation well before the April 15th deadline. Call us at 248-817-8071 or contact us through the form below. We also provide home and auto insurance, business insurance and tax services to clients in Troy, Birmingham, Rochester, Rochester Hills, Royal Oak
