Choosing Between In House Accountants and Online Services

by | Mar 19, 2013 | Finance and Insurance

Are you trying to figure out the best route to prepare your taxes for this year? Maybe you have seen the ads and commercials advertising an online tax filing service that makes the process look quick and easy. While online tax preparation services do offer some benefits, they are not always the best option. In house accountants in Williamsburg VA are a better choice in many circumstances, but ultimately it just depends on your situation. Here are some things to consider to help you decide which route is best for you. First, do you own your own business? If you are a small business owner, navigating your taxes can be a major headache. While an online tax service can give you an automated process to file your tax forms, it doesn’t always take into account the specifics of your personal business situation. It’s always best to turn to a professional accountant, especially during your first few years as a business owner. There is a lot to learn about making the proper quarterly tax payments and making sure you keep track of deductions properly. In this situation, in house accountant are much better because they give you a customized tax preparation. Second, do you already owe money from last year’s taxes? If you are swimming in tax debt, it is best to work with an accounting service that can mediate between you and the Internal Revenue Service to work out a payment plan that is feasible for you in the future. You can avoid a lot of problems with the IRS if you have a good accountant representing you and working on your behalf. Third, are you planning to itemize your tax return this year? If so, it’s important that you do it properly to get the maximum benefit. In house accountants can meet with you face to face and look over your financial records from the previous year. They can often find deductions that you didn’t know existed to help you get a better tax refund. Finally, in house accountants are a good choice if you need financial help throughout the year. Instead of just relying on accountants during tax season, you could get a lot of great benefits from using a monthly accounting service to audit your business books and give you a better look at how your business could improve fiscally. This will also help you insure you are keeping proper records, making life much easier when the next tax season rolls around. No matter which option you choose, it is always good to have some sort of accountants backing your tax return just in case you get that dreaded audit letter. Ask your local accountant how they will support you in case an audit does occur.   Carmines, Robbins, & Company PLC is the most trusted place to turn when you need qualified accountants in Williamsburg, VA. Get more accounting tips at visit us website.

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