• Why To Let Someone Else Prepare Your Taxes

  • Nov 3 2024
  • Length: 4 mins
  • Podcast

Why To Let Someone Else Prepare Your Taxes

  • Summary

  • You’re missing out on an important line of support if you’re doing your own taxes. Here are the 4 main reasons why you should let someone else prepare your taxes…

    1️⃣ It’s smart to get a 2nd eye on things.

    When it comes to something as important as getting your taxes right, 4 eyes are better than 2. Doing your taxes is one of those things that can start to blur when you stare at it for too long. Even if you’re super on top of your business books, enlisting someone to take a look at everything during the filing process is key to avoiding any errors that could cost you money.

    2️⃣ They will catch write-offs you may have missed.

    Through conversations with your tax professional, it is common to discover write-offs you are eligible for you didn’t know about or that may have slipped your mind. The more write-offs, the less you have to pay in taxes. You want a pro to ensure you’re taking advantage of all of them.

    3️⃣ They know about loopholes & credits you don’t.

    If you are not a tax professional, you don’t know about all the things that could benefit you. Your tax preparer does because it’s their job to know about all the things. The money you pay your tax preparer is nothing compared to the money you will have to pay because you missed out on legal loopholes & credits you don’t know about.

    4️⃣ The tax world is a changing maze of complexity.

    The tax rules are many, and confusing AF. Honestly, it was my gig for a long time & it even makes my head spin. On top of that, it’s always changing. It’s a big undertaking to keep up with it all – one that doesn’t make sense unless it is your profession to do so. Now that I’m not a tax preparer anymore, I won’t be doing my own taxes anymore either.

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    🎙️ Brought to you by Lauren Poppins Raye – Connect on IG @laurenpoppinsraye and find out your money attachment style to make your way to financial security with this 5-minute quiz.

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