Glad you asked. There are several benefits to having your taxes prepared by a Tax Pro rather than doing it yourself.
- Your time is precious. If you decide to file your taxes by yourself, you should be ready to spend considerable time on the process. The Internal Revenue Service (IRS) and other sources indicate that the average taxpayer spends around 13 hours preparing their tax return. Alternatively, you can save significant time by using the NexGen Taxes platform and entrusting the responsibility to a professional of your choice.
- The risk of an incorrect filing is higher when you file your taxes. Tax laws change every year. It is a task to keep yourself updated on all the changes. Tax Professionals dedicate their professional careers to understanding tax laws in order to maximize their tax savings and file their taxes accurately. You’re 100% accountable for the tax return by doing it yourself.
- Complex tax code. The tax code is increasingly getting more complex year after year. Learning how changes in your life can impact your tax filing can be stressful and time-consuming. Keeping your cost appetite in mind, you can choose to file your taxes by a CPA (Certified Public Accountant), an EA (Enrolled Agent), or a CRTP (Certified Registered Tax Preparer). Remember that all these professionals have undergone multiple hours of training and certifications to keep their credentials current. You can learn more about these Tax Preparer Credentials and Qualifications here.
NexGen Taxes provides the benefit of connecting you to a Pro expert in tax preparation. Our team has vetted their credentials, so you know that your taxes are in good hands. Your Pro will prepare and file your return while answering any questions you have regarding your filing. The additional tax savings and time saved that you can spend on other activities can quickly pay for the cost of the service.
