Choosing the right tax professional could be a challenging process, so much so, that some business owners and individuals totally forego partnering with a tax professional and settle for a Do-It-Yourself approach instead. The issue with a DIY approach is because you lack the advanced knowledge and expertise, “you will never know what you do not know”. Most cases, after
being hired by recovering DIY business owners and individuals, they all end up expressing the same regret. Regret either because:
- They prepared their return incorrectly and ended up with a notice from the IRS and a tax bill including penalties and interest, more than they can handle.
- They are facing an IRS audit and are at the mercy of the IRS auditor since they do not know the tax code or cannot explain or support the contents of their tax return
- They missed out on tax savings that would have ended up being over and above what they would have paid for a good tax accountant to begin with.
I recall one instance where a former DIY business owner, who is now one of my clients, was about to pay a $20K IRS bill before he came to me. It only took one quick look at his return for me to identify the error. By the time I was done resolving with the IRS on the client’s behalf, the client ended up with a refund instead.
Save yourself the hassle of making errors you are not aware of or cannot explain or interpret. Truth is you don’t know what you don’t know. Instead, partner with a great tax return preparer today, preferably one who is also a great tax savings and planning specialist so you can start saving on taxes now. Business owners and individual taxpayers combined, are wasting over a billion dollars a year in taxes they don’t have to pay because they do not take the time for tax planning! The tax plans we prepare consist of information, strategies and resources you never knew existed. All geared towards helping you pay the least possible. You owe it to yourself to make sure you’re not missing out on any legal tax savings and that you do not pay more in taxes than you legally owe. It’s about time you start keeping more of what you earn so you can save more, invest more, give more and do more of the things you enjoy with no change in the lifestyle you currently enjoy.
Keep in mind that because of the nature of some tax savings strategies, the later in the year you wait to have a planning session, the less you can save on taxes. Schedule a free mini tax-savings discovery session HERE now. You will be glad you did not wait a day later!