Typically, after April 15 you do not hear much about the tax deadline. In 2020 a historical decision was made to extend the 2019 tax deadline to July 15, 2020 instead of the traditional date of April 15. This decision was made because of the worldwide COVID-19 pandemic. If you have not filed your taxes yet you may be debating whether or not you should hire an accountant to do them for you or if you should complete them yourself. Today Mark Dicus & Company is going to go over the benefits of hiring us to complete your taxes for you.
Tax Software VS Accountant
We are going to start out by talking about the difference between using a tax preparation software and hiring a professional accountant. When you use a tax preparation software you will first have to purchase the software. Many people are surprised by the $100 price tag that comes with some of the software available. We do not recommend using one of the cheap or free tax preparation software programs. You do indeed get what you pay for when it comes to this type of software.
Accountants Keep Up with Tax Law Changes
For many people using a tax preparation software is simply not the best option. One of the largest advantages of hiring a professional accountant is that we are up to date on all of the tax codes and laws. It is our job to be well versed in all of the latest information in the tax world. By being up to date on everything we are able to get your taxes done right the first time. This can help you avoid unnecessary penalties or fees for incorrectly filing your taxes. Studies show that using a professional accountant decreases the amount of taxes consumers are responsible for paying. There are groups of people that want to think about using our tax preparation services here at Mark Dicus & Company. If you own a small business you should definitely seriously consider utilizing our services. There are so many different write-offs available to small business owners. Most small business owners miss significant write-offs when they do their taxes on their own. If you own any rental properties or land you should also think about using our services. The reason for this is the same as if you are a small business owner – you are likely to miss write-offs if you do your taxes on your own. The write-offs that you can do may be surprising to you the first go around.
Tax Resolution Specialists
Frequently we are called to help clients who have been contacted by the IRS. When the IRS calls you about your taxes it can cause some serious anxiety. You want to make sure that you respond correctly to the IRS. Mark Dicus & Company works with the IRS on a regular basis. We know how to effectively solve any issues that the IRS may have with your taxes.