The truth is, the difficulty of filing your own taxes depends on you. The complexity of your financial situation and proficiency in math and the paperwork all factor into the process. No matter your tax situation or personal capabilities, BizBooks4U is here to help and provide the best tax services to businesses in Tarpon Springs.
When is It Easy to File Your Own Taxes?
Aside from being good with numbers, other aspects may make filing your own taxes in Tarpon Springs a viable option, including:
- If you are a single person, with no dependents, earning income from a single employer, and that status remains unchanged from year to year.
- You do not own property or have investments.
- You have a thorough understanding of tax laws and how they apply to your situation.
Despite pushback from the lobbyists representing the interests of tax services, the IRS does offer free filing for simple tax returns, even for those with incomes under $66,000. Tax service for residents of Tarpon Springs is free from the IRS if you can handle the do-it-yourself approach.
Tarpon Springs residents that don’t fall within these categories may still be able to file their own taxes. However, it may be more beneficial to seek assistance from the best tax service provider in Tarpon Springs.
When Should You Hire a Professional to File Your Taxes?
If the thought of looking at and organizing receipts is torture for you, then you should hire a professional. Also, you may consider hiring the best tax service in Tarpon Springs if you:
- Earn over $200,000 a year.
- Have a complicated tax situation.
- Have had a significant life event like death, marriage, birth, or new property or home purchases.
- Started a new business.
- Require rapid filing.
What are the Advantages of Professional Tax Filing Services?
Those who have not yet filed or who have filed an extension are now both months late on their filings. April 15, 2019, was the deadline to apply for an extension. If you did not receive an automatic return extension, then late filing and payment fees are piling up daily. Missing the extension date also results in late filing charges of 5% monthly with a maximum of 25%. If you have an extension, then you still have until October 15, 2019, to prepare.
If you need to ensure that your taxes are done rapidly and accurately, then professional tax filing services is the way to go. Not only do you reduce your overall fees, if late, but you also gain the benefits of better deductions and a better return. The fees you pay for your tax preparation may also be deductible, saving you even more in the long run. With BizBooks4U, you can receive comprehensive support with our other services like bookkeeping to ensure you always file on time.
Are You a Small Business Looking for the Best Tax Service in Tarpon Springs?
Our philosophy at BizBooks4U is that every owner has to know what’s going on with their financials to be successful. However, we also believe that if doing handling books isn’t your forte, then it’s best to rely on tax services.
When it comes to taxes, you don’t want to mess around. BizBooks4U knows the ins and outs of small business tax filing. If you need help throughout the year with accounting services, then you can always come back. Our friendly, knowledgeable professionals will get to know your business, your financial situation, and guide you through any financial matter that’s affecting your small business in Tarpon Springs. For the best tax service, call us today at 727-939-1044. You can also go online to learn more about our services.
