With the availability of do it yourself tax software, many are left wondering if hiring a tax preparer or purchasing the software is the right option for them. Every situation is different and everyone's taxes are unique. Some may feel secure enough in their knowledge of taxes, deductions and numbers to use the software while others find the very idea of taxes daunting and overwhelming. However, there are a few factors that can complicate taxes and deductions. As a general rule of thumb, if you have any of the following situations, hiring a tax preparer in Draper will ensure that you do not miss a single deduction or render yourself liable to audits.
Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accounting firm, such as Paramount Tax & Accounting CPAs Draper, is that we know taxes!
Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Tax Preparing firm in Draper. So when you ask yourself, "Where can I find accounting services near me?"... think no further than Paramount Tax & Accounting CPAs Draper!
Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accounting firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accounting firm utilizes licensed professionals, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Accounting CPAs Draper a call or visit our tax and accounting firm in Draper for a free consultation.
It is not uncommon to come across a significant deduction or error that was overlooked when you filed taxes. When this happens, the Internal Revenue Service allows you the opportunity to retroactively amend your taxes to rectify such errors. Whether you received a revised 1099, overlooked a sizable charity deduction, or even miscalculated your mortgage interest, amending your tax return can help you recover the money you are rightfully owed.
At Paramount Tax and Accounting, we not only help you amend your taxes, but also:
Although there are no requirements or penalties for not filing an amendment, our tax return specialists at Paramount Tax & Accounting can help you best understand.
