Tax Filing & Consulting Services for Individuals:
The average tax payer will spend 11 hours preparing their return (based on 2020 data). Our certified accountants give you that time back filing as quickly and accurately as possible. For those filing their taxes individually or jointly, consider the following services.
- Tax Preparation – tax consulting and filing.
Small Business Accounting Services:
If you’re self-employed, you may be looking for a more robust service, especially if you’ve set aggressive growth goals. We can take care of your financial books, cash flow, payroll, profits and expenses, as well as help you determine forecasts and set realistic goals. For a more detailed view into our small business services, visit any of the following pages.
Frequently Asked Questions
Can a CPA prepare tax returns?
Absolutely, it’s one of the primary services offered by CPAs. Of course, one of the things that separates CPAs from an automated service is they offer myriad additional services as well — to opt into at your discretion. For instance, if you’re considering buying a home or thinking about writing off part of your office as a deduction, they can educate you on if that’s a good idea for your specific financial situation.
Additionally, if you have long-term goals you’re trying to achieve, a CPA can help you plan for your future.
Do I need a CPA or tax preparer?
If you have simple tax returns, then you might not need a CPA. Using an automated system is a reasonable approach and could be less costly. However, the moment your financial situation becomes complicated, that’s when it’s time to get a CPA.
For example, a simple tax return scenario is something like, you’ve been working the same job for 3 years, you’re unmarried and work in office. It’s simple, it’s easy, you aren’t likely to need a CPA.
However, let’s say you get an opportunity within the company you can’t say no to. It’s more money, but you’ll be expected to travel 25% of the time. You do this for a few months, but decide the best course of action is to move permanently. This may not sound all that complicated on the surface, but if you’re working in two different states and halfway through decide to move, there are numerous deductions and write-offs you could (and should) take advantage of.
A CPA can help you understand how to move, change withholdings, and enable you to make an informed decision. For instance, if you were considering moving from Washington State to Oregon, that would significantly change your cost of living, moving from a state with no income tax to a state with no sales tax.
How much does a CPA cost?
The cost of a CPA depends on your taxes. Typically, CPAs charge an hourly rate, so if you have all your paperwork and your taxes are relatively simple, it doesn’t take much time. However, if you have a complicated return, it can take much more time.
We realize this is fairly nebulous, so if you’re interested in hiring a CPA or want to know if your situation qualifies getting a CPA, you can always reach out to prospective firms and request rates and estimates.
If you’re living abroad and need help ensuring you don’t pay taxes on the same income twice, we can help. Visit our Expatriate page for more guidance.
If you end up owing more taxes than expected, we can also help you file an Offer in Compromise to help you negotiate a better outcome.
Why Huddleston Tax CPAs?
We help small businesses, the self-employed, and individuals with complicated returns. We create financial projections, mission statements, business objectives, market analysis and business strategies to help you plan for the future. We also have a database of thousands of sales of small businesses as well as CPAs who specialize in business valuation reports.
For those looking for a dedicated CPA with a wealth of experience in your specific industry, visit our practice groups. Many of our CPAs have strong background in law, dental practices & SaaS companies (among others).
For more information about the accounting and tax services from Huddleston Tax CPAs, call 1-800-376-1785 today.