Today, there are countless do-it-yourself (DIY) tax preparation platforms available online. At the same time, these digital tax solutions leave filers vulnerable to missed
deductions, filing mistakes, and even audits. For individuals with complicated returns
that go beyond a W-2 alone, the value of a professional accountant is even higher.
That’s why our team at No Stress Accounting compiled what you need to know before
filing your taxes. Our goal is to help you decide between hiring a tax accountant or
opting for tax software.
The Drawbacks of DIY Tax Preparation
Before turning to our Silicon Beach accounting team, many of our clients relied on tax
software each year. Although their goal was to save money, they soon discovered that
they were paying in other ways, including monetarily. Here are the hidden costs behind
DIY tax preparation software.
• Wasting hours researching, assembling tax documents, and calculating dedications
• Filing incorrectly, thereby increasing the risk of audits
• Overpaying for returns that could have included more deductions
• Distracting focus away from key business operations
• And beyond
DIYers who choose to use tax preparation software over a professional tax accountant
could wind up paying more as a result. In a sense, these solutions may be penny-wise
but dollar-foolish.
Why Hire a Professional Tax Accountant?
Just as a researcher gets to know their topic area before writing a report, an accountant
paints a full picture surrounding your taxes before filing. In turn, they pick up on minute
details, help you maximize your return or mitigate your tax burden, and empower you
to navigate complicated tax regulations. Here are just a few advantages that
professional tax accountants offer:
• Countless hours of saved time each year during tax season
• Unmatched accuracy to ensure you’re paying the right amount
• Answers to the full spectrum of tax-related questions
• Uncompromising peace of mind from a reduced risk of audit
• And more
Ultimately, the right tax accountant can carry out 360° of the process on your behalf,
enabling you to focus more on your career, business, and family.
Closing Remarks
Although many individuals and business owners choose DIY tax solutions, they are
leaving themselves susceptible to countless risks and costly mistakes throughout the
process. On the other hand, a professional tax accountant can ensure accuracy while
freeing up your schedule.
Our Silicon Beach-based team at No Stress Accounting provides comprehensive online
tax preparation services. To learn more, we invite you to visit nostressaccounting.com.
Thank you for reading, and we wish you all the best this tax season!