Why hire an accountant for Tax Preparation?
Very few people want to think about doing their own tax preparation. It is a tedious, mechanical process and we are often afraid we will make mistakes. This is the number one reason why you should hire an accountant like SPOTON Accounting. Mark at SPOTON will go beyond the basic requirement of filling out forms and avoiding penalties. He is conscientious and wants to understand a client’s background and goals for the future. He has the skills to help with money management and can optimize tax advantages for you or your business.
Tax preparation can be stress-free if you have a professional like Mark van Nieuwkoop and his team on your side at SPOTON Accounting.
Accuracy is a must!
Tax preparers must strive for accuracy in order to limit the risk of audits and penalties. We at SPOTON Accounting take this seriously because we are required to sign the tax forms that are submitted. We need to be accurate and do the best we possibly can. It also makes it easier for the client to follow up in subsequent years with information such as future depreciation amounts.
Time is of the essence
Tax agencies set deadlines for these returns, and taxpayers incur penalties if they do not file and pay on time. We at SPOTON want to avoid adding unnecessary penalties and interest to a clients’ tax liabilities. Timely tax preparation involves accurately assessing your work load to avoid taking on more work than you can complete before tax deadlines. We know how to prioritize and complete returns on time.
Lowering tax liability
No one wants to pay more than they absolutely have to . Our goal at SPOTON Accounting is to lower our clients’ tax liabilities by optimizing deductions. Lowering a client’s tax liability adds value to tax preparation work, especially if the tax savings exceed the tax preparation fee. Optimizing deductions means we have to spend more time with you. We need to fully understand your personal and financial situation and recognize opportunities for savings. In addition we will remind you that deductions must be legitimate in order to avoid unnecessary penalties and interest.
Future tax planning
Tax preparers should patiently help clients strategize to achieve more favorable outcomes in the future. This proactive work may involve assisting with planning, investments and retirement savings. It may also involve helping clients develop systems to track information to avoid scrambling and digging for paperwork when tax returns are due.