Did you know that paying proper care to your taxes each year can have a great impact on your journey to a happy retirement? You probably just want to get the task out of the way by using online tax tools, but if you truly want to maximize your retirement funds, that’s not your best option. Discover the reasons why you should hire a tax professional like the ones at A. Roberts & Associates for tax and retirement planning services near you instead of relying on online tax tools:
- You’ve Gone Through A Life-Changing Event
One of the main complications that can make filing taxes difficult is a major life event. Examples of big events that can greatly influence your taxes include:
- Getting married
- Getting a divorce
- Having or adopting a child
- Changing your residential address
- Facing a large medical expense
Sorting out such information online can easily turn into a hair-pulling endeavor, and any mistakes can come back to bite you. In this case, it’s better to leave it to a professional.
- You’re Self-Employed
Working for a company is often as easy as letting the designated accountants take care of the numbers for you. But if you’re self-employed, you don’t get to have that luxury. You only have yourself to rely on when it comes to itemizing your taxes, and things can get even more complicated when it comes time to sell your business. In this case, it’s much easier and safer to leave it to a tax professional.
- You Have Multiple Sources of Income
It’s not so uncommon to have more than one job nowadays to keep up with the high cost of living and other expenses. There are even plenty of individuals who work for a private company and freelance at the same time, meaning that they receive both a W-9 and a W-2. Online tax tools may or may not accommodate people with multiple sources of income, but a tax professional will know exactly what to do.
- You Received Some Sort Of Inheritance
Other than your regular income, there are other ways you may receive money that will need to be claimed on your taxes. Such assets could come in the form of inheritance money, and that could throw a wrench in your online tax filing since those work best when there are zero inconsistencies. So if you received an inheritance recently, be sure to file your taxes with a professional!
- You’re Active In The Stock Market
Do you dabble in stocks? Trying to account for profits made from the stock market through an online tax tool is like opening up an entirely new can of worms, and it’s almost never worth the headache. On the other hand, a tax professional can also give you pointers on what you should be investing in, and how to better handle your investment portfolio.
- You Think You’ve Made A Mistake On Last Year’s Tax Form
Made a mistake during the last tax season? You may as well set the laptop aside right now and let a tax professional sort out the problem for you to avoid any more issues later on! A skilled tax person will know how to handle the situation with ease.
- You Simply Don’t Have Enough Time In The Day
Life is harder now more than ever, so not many people have the time for online tax filing anyway. Seeing a tax professional can take up less of your day so you can save every precious minute you can.
A. Roberts & Associates Is Your Place For Trusted Tax Advisors!
Next time you need to file your taxes, you can trust the professionals at A. Roberts & Associates! We have many years of experience for peace of mind so you can focus on planning for your retirement! Learn more about us and what we can do for you.