Have you been wondering if you should prepare your own income taxes this year? If so, you should know you’re not alone. When tax season arrives, many people struggle to decide if professional tax preparation is a wise investment for them or if would be a better decision to prepare their own taxes. If you’ve found yourself in a similar situation as this, you should take a look at some of the advantages and disadvantages of professional tax preparation before making your decision.
One advantage of hiring someone to prepare your taxes for you is it is often quicker than preparing your own taxes. Unfortunately, if you haven’t been trained how to make taxes, it will likely take you much longer than it would if you hired someone. Plus, if you prepare your own taxes and have questions about your return, it may be difficult to find someone who can accurately answer those issues. Also, it’s important to remember the fees you pay for a tax professional to prepare your taxes can often be deducted on your tax return, too.
As you can see there are several advantages of hiring someone to prepare your taxes for you, but there’s a few disadvantages too. Perhaps the main problem of hiring a professional tax preparation is the expense. The cost of professional tax preparation does vary depending on where you live and your individual tax situation, but it generally ranges from one hundred to three hundred dollars. Another disadvantage of hiring a tax professional is you may end up hiring someone with a limited amount training and may be unqualified to prepare your taxes.
Making the decision about whether or not to hire someone to prepare your taxes for you is often a difficult decision. However, if you feel like Professional tax preparation is a wise investment, you should give Robert A. Woloshen CPA, PC a call to schedule an appointment. The office offers extended hours during tax season to make it easier for you to have your taxes prepared at a time that’s convenient for you. Plus, they have been helping clients for more than thirty years, so you can be sure they have the knowledge to assist you with your return.