5 Reasons to Hire a Tax Professional This Year

Tax season is just around the corner, and before you know it, your business’s taxes will be due. Especially with the new changes coming from the Tax Cuts and Jobs Act that’s set to take effect for the first time this year, we’re hearing from business owners who are stressed to the max trying to prepare their tax documents and continue running their business. If you find yourself in this position, it might be time to consider asking for help from a team of accounting and tax preparation professionals. If you’re on the fence about whether or not you should hire someone to help you with your business taxes, here are five of the best reasons to hire a tax professional this year:

1. Time Is Money – As a busy business owner, your time is incredibly valuable. You know what they say:“Time is money.” By hiring a tax professional to work on your taxes for you, you can spend your time doing other, more important things like making sales, running your business, and leading your team. Take a big thing off your to-do list and let someone else handle your taxes – quicker and more efficiently than you can likely do on your own.
   

2. Taxes Are Increasingly Complex – As this is the first year that the new Tax Cuts and Jobs Act will be in effect, many businesses are struggling to address the new tax laws and filing rules. Taxes are one of those things you just don’t want to mess up. Working with a professional will help you wade through the changes and ensure your taxes are filed correctly.
   

3. Reduce Your Stress – Every year, we hear from business owners who have locked themselves in the office for an entire weekend struggling through tax prep. If this describes you in years past, avoid that stress this year. Tax professionals will help you with every aspect of your business’s tax prep and save you the headache and stress of doing it yourself.
   

4. Mistakes Cost – In the world of business taxes, making a mistake can cost you big bucks. Mistakes on your business tax filings can result in fines, late fees, and interest on unpaid taxes, not to mention the time and energy it will take to re-do your taxes or sit through an audit if it comes to that. Have the peace of mind to know your taxes are done and done right.

5. Tax Professionals Can Save You Money – One of the most important reasons to consider hiring a tax professional is that they can help you look for additional deductibles and ways to save money on your total tax bill, safely. We know the ins and outs of tax law and will ensure your tax bill is as lean as possible.

If your small business could benefit from accounting help this year, let’s work together! The accounting professionals on the Tally Services team are here to help you through tax season so you can stay focused on growing your business, without the stress of tax prep! Contact us today to get started!