Should You Hire A Tax Preparation Professional For Your Business?

Your small business is everything to you. You’ve put in endless long days and sleepless nights to ensure that you could meet and overcome the challenges of entrepreneurship, and you’ve succeeded. You and your employees rely on the revenue and growth generated by your sales and services, and you give it your all each day to make sure you get the most out of each day. So why wouldn’t you do the same when it comes to tax preparation and saving money?

In today’s blog from Jacksonville’s tax preparation specialists — George A. Spencer, CPA-Law, we will discuss the reasons you should hire a tax preparation professional for your small business.

To learn more about our firm and how we’ve helped small businesses in Jacksonville save money for over 20 years, give us a call or fill out our online form to schedule a free consultation.

Why Hire A Tax Preparation Professional?

There are many reasons that you should employ the services of a tax preparation specialist when it comes to filing your small business taxes.

Save Money

The biggest single reason to hire professional help when it comes to preparing your small business’ taxes is your bottom line. Although it can be tough for many small business owners to wrap their minds around, when you do your own business taxes, the number of money-saving deductions and strategies you are missing out on will almost always be made up for despite the cost of hiring a professional.

It seems counter-intuitive to spend to save, but there is a reason why virtually every small business owner who hires a tax preparation professional never goes back to doing their own business taxes again.

Record Keeping

When you think of hiring a tax preparation specialist, you probably visualize someone coming in in the first quarter and pouring over your well-manicured documents to help fill out and file your taxes. The reality is that many tax accountants and legal experts can assist you all year round with maintaining and tracking the documentation that you need to get the most out of your tax filing.

This ongoing accounting not only helps to ensure that you save as much money as possible but it also significantly reduces the burden of record keeping throughout the year — freeing up valuable time that you can spend focusing on other elements of your company.

Audit Support

No matter how well you prepare your taxes — even with every “i” dotted and every “t” crossed — the IRS cans till find reasons to audit you, demanding additional documentation or threatening penalties and fees. When you hire certain types of tax professionals (CPAs, tax attorneys, and IRS enrolled tax agents), you can all but forget about dealing with the hassle of an audit.

To begin with, hiring a tax preparation specialist reduces the likelihood that the IRS will find legitimate errors on your returns. Beyond that, these tax preparation experts are qualified to actually represent you to the IRs, meaning that if there is an issue, your involvement can be as limited as staying in touch with your tax professional for updates.

Save Money With Jacksonville’s Tax Prep Experts

George A Spencer, CPA-Law offers the experienced services of a tax preparation expert who has is a CPA as well as a Juris Doctorate in law. This combination means that when you choose to let George A Spencer help with your small business taxes, you get the help of a professional who understands every aspect of tax law for businesses and can represent you in the case of an audit.

Call us today or fill out an online form to schedule a free consultation for your business.