As tax season goes on, you are most likely concerned about filing your taxes correctly and maximizing your returns. While it is possible to handle your taxes yourself, there are many benefits to be gained by hiring a professional accountant to do them for you. In this article, our team at Goodman & Taylor CPAs will go over a few reasons you should consider hiring an accountant to handle your taxes this year.
- To Deal with Your Small Business or Side-Hustle. If you have a small business or earn money through multiple income streams, we recommend that you hire an accountant, as figuring out the tax paperwork for your situation can be pretty complicated. Our team can help you file your taxes correctly no matter how you earn your money, whether it’s by driving for a rideshare app, selling products on Etsy, or anything else.
- To Plan for Your Children’s College. Another reason to hire an accountant to help with your taxes is that it can make the process of filing for federal student aid (aka filling out the FAFSA) much simpler and easier. If you have a child who is going to college this year, that extra assistance can make a big difference.
- To Sort Out Income from a Rental Property. A third potential complication for your taxes is earning money through a rental property or other real estate investment. Fortunately, our accountants can help you sort out even the most complex tax situation, and we encourage you to give us a call.