Why Should I Pay You, Mr. CPA, To Prepare My Tax Return:
These are the top four reasons my clients hire me to prepare their tax returns.
Reduce Your Stress
Do you like to sleep at night? The number one value I bring to clients by preparing their tax returns is reduction of stress and hence the ability to sleep at night if you are physically able to sleep (some people just can’t sleep). The tax law keeps changing and the IRS is not fun to deal with. 12 months a year I follow the tax law and its changes. The average person cannot afford the time to learn the tax law and keep up with changes. The average person would rather face a Grisly Bear than read about tax law. A friend told me last night that she is afraid of missing something that would benefit them on their tax return. That adds stress to her life. Again as someone who prepares tax returns year round I can prepare your tax returns and relieve you of that stress.
The IRS is not fun to deal with because that is the way they are. Usually they are from the east coast and they talk fast and abruptly. Also, they seem to be upset most of the time. My theory is they are so accustomed to people treating them in a nasty manner that they try to “beat callers to the punch” or they are just ready for a confrontation. So many people would rather have someone who has experience with the IRS and speaks “the language” to do this “dirty work” for them. Desiring to reduce this stress in their lives is the top reason clients pay me to prepare their tax returns or represent them before the IRS.
Tap Into Knowledge of Income Taxes
You should not pay any more income tax than is absolutely necessary. So my clients have a certified professional watch out for their interests and their money. Since I follow the tax law and I have over 10 years of public experience preparing tax returns for individuals and businesses I help my clients take advantage of the tax law to legally pay as little as possible. You will find posts on my blog about various subjects that taxpayers can take advantage of to minimize their taxes. I will be adding other posts as time permits.
Because of knowledge of the tax law every year I help clients get money back by amending returns they had previously prepared themselves. Also by representing clients before the IRS I have been able to get the amount the IRS indicated they owed reduced and in some instances by thousands of dollars. Each situation is different but if you want an experienced CPA to prepare your return, look at previous returns, IRS notices, or represent you before IRS please contact me at the phone number or email address below.
In addition to money the other area of concern for taxpayers is to keep out of trouble with the IRS. That is a valid concern and one that I always watch out for. The bottom line here is as long as you comply with the tax law and can document your positions on your tax return then you have nothing to fear from the IRS. Some of my clients actually claim less deductions then they are entitled to because they want to avoid standing out and being subjected to an audit. However, I recently had a client audited who stood out relative to the average taxpayer in a particular area. She did the right thing and called me to represent her with the IRS in the audit. She provided the documentation the IRS requested and I communicated with the IRS for her and the result was they allowed her unusual deduction. In this case it turned out well for my client because she had done nothing wrong and she had a certified professional represent her with the IRS. In addition she saved time by having me take care of this matter for her.
Save Your Time
For many spending a half day or more to prepare their own return is not worth it considering the value of their time. While you may prepare one tax return a year I have prepared hundreds a year for the public for over ten years and I can help you save valuable time. As a CPA whose sole focus is preparing tax returns I keep up with tax law changes and the IRS so you do not have to. Your time is worth something and if it is worth it to save a half day or several days then call me to prepare your return for you and empower you to make wise use of your time.
Again, I want to stress the value of your time and the benefit of considering how much of your time it will cost to prepare your own returns. Some business owners lose over a month of work each year and lose who knows how much revenue as a result by spending time compiling their own revenue and expense information and preparing their own tax returns. Please do not follow that strategy and “lose dollars to save pennies”. If you have that situation please contact me so I can prepare your tax returns and get you “working on your business rather than working in it.” If you are a business owner, your time and the revenue you can generate is likely worth more than what you will pay me to prepare your tax returns.
Use My Knowledge of Life/Business gained from Experience
The point above about business owners demonstrates how I help my clients with the perspective I have gained over the years. You will notice that I have referred to minimizing the taxes that you pay rather than eliminating the taxes you pay. There is a great reason for that. If you eliminate income taxes from your life you will either go broke or wind up in jail. The point is the way of thinking affects every area of your life. Income taxes are a result of making income. So paying income taxes is a good thing because it usually means you made income. The more you have to pay in income taxes usually means you have made more income. So if you want to make millions of dollars a year then you want to pay hundreds of thousands of dollars in income taxes a year. I help clients avoid or get away from thinking in terms of scarcity and fear and move to thinking about abundance and joy. Trying to maximize income is healthier than trying to eliminate taxes. It feels better to seek to prosper than to seek to keep others (the IRS) from having any of your money. After all it is about how much you have in your pocket at the end of the day and having a healthy disposition. It makes a difference in every area of your life.
Gain a Sounding Board and Resource Provider
Many of my current clients and prospective clients I meet with desire to use me, Mr. CPA, as a sounding board for their ideas. Yes, they want to know about the tax implications of their ideas or situations but they also just want a friend to listen and sometimes offer some perspective. In addition in the course of listening I find I often know of resources that my clients can profit from in their endeavors or people who probably know of other people who can assist my clients in whatever they are trying to accomplish. I consistently find I can provide value to my clients by referring them to others.
To find help so you can sleep at night, to get help to minimize your income taxes, to save time or to have someone who will be a sounding board to your ideas and offer you value, contact me, a CPA, via the telephone number or email address below for a consultation:
Jeff Haywood, CPA
I prepare the following types of tax returns:
Federal and State Returns
Also, I am available for tax planning and discussions about business, retirement planning and life goals.
For more US income tax content see the following links:
10 Things to Know About the Child and Dependent Care Credit
10 Important Facts About Capital Gains and Loses
IRS: Beware of Tax Scams
IRS Top Ten: Mortgage Debt Forgiveness
IRS Top Ten: IRA Contributions
US Income Tax Help for Expatriates
4 Credits That Can Pay You at Tax Time
What Business Deductions Can I Take as an Employee? IRS Tax Tips.
Was This Year a Bad Year? We may be able to get you a refund of your taxes paid in prior years.
6 IRS Tax Tips for Self-Employed Individuals
Important IRS Tax Tips: Health Insurance Tax Breaks for the Self-Employed
6 Things the IRS Wants You to Know About the Home Office Deduction
Is Your Child’s Investment Income Supposed to be Taxed at Your Tax Rate?
IRS Notice – Don’t Panic – Call Me
Who Can I Claim As A Dependent?
Which Filing Status Should I Use?
Do I Have To File A Tax Return For 2010?
6 Things You Should Know About Business Expenses – What You Can Deduct
Top Four Reasons Clients Hire Me To Prepare Their Tax Returns – Individual and Business
Instant Convenient Access To Your Tax Returns and Documents
How To Avoid the Social Security Penalty and Does Warren Buffett Get Penalized??
5000 Birds Fall From the Sky – Casualty Losses
Are You Required to Report Foreign Banks and Financial Accounts?
2010: “A Last Minute Checklist”
Year-End Tax Planning Tips
Education Credits-American Opportunity Credit
ROTH IRA Conversion
As always keep in mind that the content provide on this site is general in nature and may or may not apply to your particular case. It is best to check with a tax professional about your circumstances and what is best for you personally. Also, IRS regulations and tax laws are constantly changing and the information on this site is not constantly updated. Again please check with me about your particular circumstances and what will be best in your situation at the given time and law.
This article was written by Jeff Haywood, CPA.
Jeff is a licensed CPA in both Texas and Illinois.
He has prepared income tax returns for the public for over 10 years.
He also has an MBA in Finance from Loyola University in Chicago and he has 24 years experience in Corporate Finance and Business Analysis.