Income tax preparation is difficult - instructions, referencing schedules, dependents, allowable deductions. Many times more questions are created than answers.
A US Government's General Accounting Office study in the prior year indicated that most taxpayers (greater than 75%) believe that they benefited from using a professional tax preparer.
Tax laws are complicated. Filing the simplest of returns can be confusing. Without constant updates and current reference materials, it’s easy to overlook many legal deductions and credits. Even if a computer software program is used, it’s no better than the information inputted. The assistance of an experienced tax professional is well advised.
At the Firm of Kenneth M Daniels CPA PA
Your tax return will be checked and rechecked by computer software for mathematical accuracy; in addition, potential problems the IRS may look at more closely are identified
Your tax return can be filed electronically to minimize errors and allow for a quicker refund
The Firm will show you how to adjust your withholding/estimated payments to create a zero liability at filing time – do not give the Federal Government an interest free loan
The Firm will identify any potential deductions to minimize next year’s tax liability
Lack of Organized Records
If your bookkeeping isn’t current, the Firm will assist in organizing your records. We'll prepare a set of books, a Schedule C, and Form 1040. We’ll advise in setting up a system which will provide for organized and timely records in the New Year.