Most people are capable of doing their own taxes. Almost 90% of individual tax returns were filed through the electronic system. According to the Internal Revenue Service (IRS), these are normally done by tax preparers. Regardless of that statistic, many people find filing their returns quite tedious and time-consuming. (1)
So, if you hate doing your taxes or have a complicated financial life, hiring an expert to work out your taxes is a wise decision.
A certified public accountant (CPA) has the skills, training and knowledge to accurately calculate your returns and submit them within a short time frame. Hiring their services can take the frustrations off your shoulders.
And. for some industries like HVAC, hiring a specialized CPA and accounting firm will come with the added benefits of working with someone who knows exactly how to navigate the intricacies of tax law for that specific industry.
However, giving the job to the wrong person could harm you more than good. With that in mind, here are some tips for finding a good CPA to do your tax returns.