Tax preparation by a Certified Public Accountant (CPA) offers a level of expertise, accuracy, and personalized advice that tax software often cannot match. A CPA is a licensed professional with rigorous training and certification, ensuring they can handle even the most complex tax scenarios. Whether you’re an individual, a business owner, or part of an organization, working with a CPA can save time, reduce stress, and potentially save money through effective tax strategies.
What Does a CPA Do for Tax Preparation?
Here’s how a CPA approaches the tax preparation process:
- Gathering Information
The CPA collects all relevant financial documentation, including:- W-2s, 1099s, K-1s
- Receipts and records of deductible expenses
- Investment income and real estate documents
- Analyzing Information
They evaluate your financial data to identify eligible deductions, credits, and other strategies to minimize your tax liability. - Preparing Tax Returns
Your CPA ensures that all forms are accurately completed, including federal, state, and local tax returns. - Filing Tax Returns
After preparation, your CPA submits the returns electronically or by mail to the appropriate tax authorities. - Providing Tax Planning Advice
CPAs don’t just focus on the current tax year—they provide strategic advice to help reduce your tax burden in future years, tailored to your goals and circumstances.
Why Choose Huddleston Tax CPAs?
If you’re debating between tax software and a CPA, here are three key reasons to choose Huddleston Tax CPAs:
1. Your Taxes Are Complex
Relying on software may not be sufficient for intricate financial situations. If you’ve found that you consistently owe money or miss deductions, it could be because software is too rigid to fully optimize your tax position. Huddleston Tax CPAs meticulously comb through your records to ensure every deduction and credit is accounted for.
2. You’ve Started a Business
Many entrepreneurs default to operating as a sole proprietorship for simplicity, but this choice may leave significant savings on the table. Our CPAs can help you evaluate options like S Corps, LLCs, and partnerships to reduce your tax burden and maximize profits.
3. You Want Proactive Tax Planning
Whether you’re curious why you owe money or how to maintain or increase a large return, Huddleston Tax CPAs provide insights and strategies tailored to your financial situation. We help you plan for the future so taxes don’t become a recurring challenge.
How Huddleston Tax CPAs Stand Out
Huddleston Tax CPAs have decades of experience and a reputation for accuracy, efficiency, and client-centered service. One of the ways we distinguish ourselves is through our attention to detail. We’ve reviewed and corrected numerous returns prepared by others, consistently delivering tangible benefits for our clients.
Our Process
- Set Up a Consultation
Call us at 1-425-483-6600 to arrange a short, no-obligation tax consultation. We offer both in-person and remote services for your convenience. - Share Your Documents
Bring or email your financial documents. Key documents include:- Income Documents: W-2s, 1099s, K-1s
- Investment Documents: IRAs, stocks, real estate transactions
- Expenses & Deductions: Receipts, transaction logs, and business records
- Ask Questions
Use the consultation to address any tax-related concerns. We provide clear, actionable answers. - Next Steps
After the consultation, we’ll follow up with recommendations tailored to your situation. Whether you decide to proceed with our services is entirely up to you.
Frequently Asked Questions
How much does it cost to have a CPA prepare your taxes?
The cost varies depending on the complexity of your financial situation. At Huddleston Tax CPAs, we provide a detailed estimate during your consultation, along with our hourly rates.
What is the standard deduction?
For 2023, the standard deduction is:
- $13,850 for single filers
- $27,700 for married filing jointly
- $20,800 for head of household
Is a CPA better than tax software?
Tax software works well for straightforward tax situations. However, if you own property, run a business, have investments, or face other complexities, a CPA offers tailored advice, maximizes deductions, and ensures compliance with tax laws.
Get Started with Huddleston Tax CPAs
Choosing a CPA over software is an investment in accuracy, peace of mind, and potential tax savings. Contact Huddleston Tax CPAs today to schedule your consultation and see how we can simplify your tax preparation process while optimizing your financial outcomes.