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Having a CPA help you handle your small business taxes can take a lot of stress off of your shoulders and ensure the job is done right.
Taxes are one of the most stressful things that the average person has to handle, and as a small business owner, that stress increases exponentially. Doing small business taxes is often a much more complex beast than doing a standard tax filing for an individual, with unique situations like accounting for independent contractors. In an effort to save money, many business owners opt to deal with the stress and do their business taxes themselves. But that can lead to greater costs in the long run. Hiring a CPA to do your small business taxes is a wise choice and one that yields many benefits for your business.
They Are Tax Experts
The number one reason that you should consider hiring a CPA to do your small business taxes is that you are likely not a tax expert and they are. They know the ins and outs of taxes and they know the best way to handle every conceivable situation. You have enough to worry about for your small business without also trying to learn everything you need to know to do your taxes right. Instead, rely on the expertise of a professional in the field.
Working With A CPA Improves Record Keeping
Often, working with a CPA will encourage you to be a better record keeper. While the jumble of receipts might seem perfectly logical to you, having to sort it out and explain it to another person highlights how ineffective the system is. If you are having to spend time recreating records each tax time, eventually, you’ll hopefully develop better record-keeping habits.
Maximize Deductions
A CPA is trained in doing taxes and much more, so you can rest easy knowing that they are maximizing your deductions. If you do your own business taxes, the odds are good that you will miss out on something. Since a CPA is an expert in the field of taxes, they already know what new deductions are available and what you do or don’t qualify for.
Time, Energy, Peace of Mind
The amount of time and energy you would spend doing your taxes is so much greater than a professional would have to invest – because they know exactly what they’re doing. Let them get the work done faster, with minimum hardship on you, and then rest easy with the peace of mind that comes from knowing you let a professional handle this difficult task correctly.
Year-Round Expertise
Choosing to work with a CPA often means that you have someone you trust who you can go to for financial advice year-round. Most CPAs do more than just taxes, so take advantage of this resource anytime you have a difficult financial decision to make or are looking for the best way to grow your business.
Make Following Tax Requirements Easy with The Harding Group
Unlike other accounting firms, The Harding Group will never charge you for consultations and strive for open communication with our clients. We serve clients in Annapolis, Anne Arundel County, Baltimore, Severna Park, and Columbia. If you are ready to take the stress out of tax time as a small business owner, contact us online or give us a call at (410) 573-9991 for a free consultation. Follow us on Facebook, Twitter, YouTube, and LinkedIn for more tax tips.