Individuals and business owners are held responsible to file personal and business taxes correctly and in a timely manner. Having a professional CPA on your financial team ensures the preparation will be done accurately and on time, thus reducing the chance of mistakes, lost productivity, the probability of unnecessary audits and costly penalties.
What are the advantages of having a tax professional prepare and file your taxes?
Tax experts are skilled and trained to know their profession inside and out. Utah Certified CPAs especially offer many advantages to their clients.
- CPAs are thoroughly trained in tax laws and codes and the Utah Certified Public Accountant is specifically trained in Utah Tax Code. This brings peace of mind knowing your business or personal estate will be in alignment with all the recently passed laws and codes under the Federal and Utah Tax Codes.
- CPAs offer tax planning throughout the year and not simply at tax time. A CPA presents solutions to take relevant tax advantages year-round, saving money over the long-term.
- CPAs will file the correct documents and do so in a timely manner and will stand behind their work and your business in case of an audit.
- CPAs have the latest knowledge of the most recent tax laws that change from year to year, giving your situation all of the tax advantages and allowances available under the new laws and current codes.
- CPAs will handle all the paperwork when other businesses request pertinent tax information.
CPAs do More than Taxes
Over the last few years, the CPA profession has expanded its services to serve the client even more. While in the past, CPAs performed critical tasks of accounting, payroll and tax preparation, they now serve as excellent resources to help with risk management, financials projections, business analysis and economic strategies along with tax planning, financial planning, investment advice as well as estate planning.
While a CPA may cost more than a recent graduate or an intern, having a qualified CPA on your financial team is a tremendous asset to building your wealth and guiding the individual and business owner through both difficult financial decisions for short-term and long-term success.
