5 Reasons Your Business Needs a CPA for Tax Season

Tax season is in full swing and that means it is time to get serious about who you want to file those taxes and the necessary steps needed to get there.  No matter the size of your business it is always a good idea to get in touch with a professional to help maximize deductions, assist with future planning, save you time, and more. If you are on the fence about hiring a professional to file your taxes this year read 5 reason below why we suggest hiring a CPA today!

 

  1. Audits

When it comes to taxes, the word ‘audit’ tends to be associated with the feeling of fear, trouble, and stress. This does not have to be the case. The IRS chooses to conduct an audit on a company when they see a report out of the ‘norm’. If a company is found to be in breach of the law, even from a simple miscalculation, they can owe additional taxes including penalties and interest. When using a CPA firm they will act as an expert when it comes to your businesses taxes and can ensure when or if an audit happens, you won’t have to face it alone.

 

  1. Future Planning

At any stage of your company, planning for the future is always a good idea. Often, one can easily get lost in the day-to-day operations of the company making it difficult to see the ‘bigger picture’ and the future of the company. Working with a CPA firm on your financials and taxes allows you insight on expert advice when it comes to your company and its financial future.

 

  1. Save Time

When using a CPA to help you file your taxes it allows you to focus more on the operations of your business. CPAs are well versed and up to date on all of the latest tax laws, giving you piece of mind as your taxes are being prepared.

 

  1. Maximize Deductions

Each year new tax laws are introduced for your business, changing what can or cannot be written off as a deduction. Consulting with a local Rochester CPA at Davie Kaplan can help you determine the difference between maximizing your return or losing money.

 

  1. Expertise

Davie Kaplan’s focus is on closely held businesses and the individuals and families that own them. Our years of experience help us know what questions to ask.

 

We understand how important your business is to you and we are confident we have the expertise that will make your tax process this year seamless. If you want to learn more please don’t hesitate to reach out here.

 

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Davie Kaplan, CPA, P.C. is dedicated to our Davie Kaplan family and our clients as we all face this COVID-19 Coronavirus Pandemic together. The link below will take you to our compilation of COVID-19 related information in order to assist you and provide additional resources and insights. As new information emerges we will continue to update these links. Please contact us directly with questions, and stay safe and healthy!

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