Interestingly enough, using a licensed accounting firm is becoming more popular than ever before. This is due to the ever changing tax laws and the desire to businesses and individuals to mitigate their tax expenses. In fact, according to the 2007 statistics about 59.2% people opted for outside tax preparations while rest of them did tax preparations themselves.
The main reason why people opt for using an accountant is the lack of knowledge or the chances of errors which one might produce. By using an accounting firm, you are not only maximizing your deductions, you are gaining an extra barrier of protection in case of an audit. More and more consumers realize that the small fee associated with professional tax preparation is well worth the added protection and deductions they can receive.
When choosing tax preparation services, make sure that your tax preparer is certified by the state. Additionally, an experienced and genuine preparer will always ask for proof or receipts for your transactions and financial activities in the financial year. So be prepared!
