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For people with more complex tax situations, doing their own taxes can be a burden. That’s why securing a professional accountant is so beneficial. Tax codes can change frequently, and for people who are self-employed, figuring out deductions is often challenging. The team at Simplified Tax of Sparta, WI, provides support for individuals with questions about tax preparation, including those with unique considerations.

3 Ways an Accountant Can Benefit You

1. Knowledge of Tax Codes

Tax codes often change frequently, and it can be difficult for the average person to stay up-to-date with the most recent regulations. Additionally, consider that you’ll have to comply with laws from both the state and federal government, as well as any taxes from local entities. An accountant will have knowledge of the most recent version of all applicable tax codes, which will ensure you remain in compliance when filing.  

2. Experience With Tax Forms

accountantWhile tax forms are intended to be easy to complete, many people find them extremely complex. Calculating income and other numbers can also pose a challenge, especially when you’re filing a paper return. Your refund may be delayed if your taxes are incorrect, or you might even face a penalty. Professional assistance means that your return will be checked and re-checked to ensure accuracy.

3. Insight on Deductions

If you’re self-employed, deductions are a good way to lower your tax obligation. Determining whether you qualify for a certain deduction and how much you can claim can be tough, and if you incorrectly claim a deduction, you could be subject to a penalty. Examples of some possible write-offs include laptops, furniture and equipment for a home office, and fuel costs.

Simplified Tax has provided trusted service to the people of Sparta for more than three decades. Take advantage of their top-rate service by calling the accountants at (608) 269-2633 today. For more information on available services, be sure to stop by their website.

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