Should You Hire a Tax Preparer?

Before you purchase tax software and try to complete your own income tax returns, consider these facts:

  • The IRS estimates that the average taxpayer needed 23 hours to complete their tax return (nearly 32 hours if they filed a Schedule C for a business or a Schedule E for rental properties).
  • Tax law has had major changes in 45 of the past 48 years, including nearly 3,500 tax law changes since the year 2000.

Do you have the time and the technical knowledge? Just remember, that it’s not what you know, but what you don’t know that can cause errors or missed deductions and credits. Tax software can only prepare your return from the data you input. An experienced tax professional can analyze your information to determine what hasn’t been considered. It’s this analysis that can identify additional deductions and credits.

Flexible Accounting Services of the Triangle has the experience to analyze your individual situation. Contact us today.