Are you a small business owner (or an aspiring small business owner) who is a bit nervous about handling business tax matters on your own? Are you on the verge of expansion and you’re concerned that the services you’ll need span beyond what your current accountant is helping you with? Or are you an independent contractor who wants to make sure you’re maximizing your tax credits, your Schedule C deductions, and making the right quarterly tax payments?
Regardless as to your needs, there are numerous benefits associated with hiring a Certified Public Accountant (CPA). For this blog post, we wanted to touch upon three of them.
CPAs can help you with retirement planning
Yes, your accountant may be a whiz at preparing your taxes, but can they help you plan for the future? When you work with a CPA, they can help you understand the ins and outs of estate planning. For example, did you know that estate planning isn’t just something for the ultra-rich?
If you own stocks, bonds and/or property, or you have an IRA, money market account, or other types of savings’ accounts, there’s a good chance that setting up an estate plan can benefit you. For more information on how estate planning works, or to learn more about the benefits of shifting your assets into a trust, call our office today to set up a free, no-hassle consultation.
Are you about to launch a new business? A CPA can help you with that
Starting a new business is hard. Not only are there a million and one different things to keep track of, such as establishing an LLC, S-Corporation, or other type of entity, but you’ll also need to ensure that your tax forms are filled out correctly. If this isn’t done correctly, out of the gate, it can and will cause enormous problems and headaches down the line. When you hire a CPA, you can rest assured that this will be handled correctly.
Keeping up with changes to the tax code is hard
The tax code changes constantly. Consequently, if you try to file your taxes by yourself, you’re bound to miss things that are important. It’s the job of a Certified Public Accountant to keep tabs on each and every change that’s made each year. In addition to helping ensure that your tax return is filed correctly, they can also help ensure you’re maximizing your deductions.
Final thoughts
If you’ve been thinking about hiring a CPA but you have yet to get off the sidelines, now is a great time to do it. For more information about the benefits of partnering with a Certified Public Accountant, call Hughes Snell and Co., PA today to schedule a free, no-cost consultation.
