Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program, there's no substitute for the assistance of an experienced tax professional.
Here's what to consider:
We provide a tax document organizer to you, that reminds you of the various sources of income and deductions to report on your personal income tax return. Your individual organizer will include reference to the prior year's items and dollar amounts, making it easier to remember the issues for the current year return.
When we are engaged to prepare the business and real estate tax returns, our tax software will export related tax form information to your personal return, reducing errors.
Your personal and business tax returns will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
Your tax return can be filed electronically so you will get a refund back quicker.
Our staff will show you how to adjust your payroll tax withholding to match the unique needs related to your practice pass-through income.
We will show you potential deductions to limit your tax liability for next year. In addition, the tax organizer will list and cue you to commonly overlooked deductions to limit the following year's tax liability.
Books a Mess? No Problem!
If your veterinary practice, small business, or real estate entity hasn't kept up adequate bookkeeping, don't worry. We can definitely help you. We'll work with your team and you to identify the gaps and help close them, including assisting in bookkeeping for the year, reconciling accounts, and more. We'll help you set up an easy system that allows you to keep your books in tip-top shape next year and increase your ability to monitor your practice's progress through reliable and timely financial reports.