As a small business owner, DIY tax preparation, for both business and personal, can have many pitfalls. You may be unaware and overlook deductions and credits. Even the most commonly used computer software or other accounting platforms are no substitute for the assistance of a seasoned local tax preparer.
We are a certified public accounting (CPA) firm located in Raleigh and have experience preparing tax returns every year for hundreds of local businesses. Working with a local CPA firm throughout the year, with monthly accounting, lays the foundation for successful tax preparation.
In addition to their business accounting, we help our small business owning clients with their personal taxes. This creates a consistent relationship, with one point of contact streamlining the tax preparation process.
Here are some common tax-cutting items for our small business owners that we consider in preparing for their personal returns.
Enlisting a qualified small business CPA for tax preparation, reduces the opportunities for filing mistakes and/or missed deductions. Unless you are up to date with the ever changing tax laws, deductions and credits can be easily missed.