Benefits of Hiring a Tax Professional
There are many components to comprising a financially savvy retirement plan – one of which is determining your tax liability and developing a strategy to minimize the amount of taxes you pay. This is where the expertise of a knowledgeable tax professional can be extremely beneficial. Keep reading to learn more….
What is tax planning?
Tax planning is an integral part of planning your legacy and can directly impact the amount of wealth you will be able to hand over to your beneficiaries. At Maggi Tax Advisory, we recommend taking the necessary steps to ensure your customized retirement plan can adequately take advantage of any possible tax credits and deductions to help secure and maintain what you’ve worked hard to save.
What are the benefits of hiring a tax professional?
Utilizing the help of tax professionals can be beneficial for both your personal and business finances. Not only do they monitor changes to tax laws, but they also provide sound and dependable tax strategy recommendations and serve as your advocate in tax matters. Other benefits include:
Saving money. If your tax preparer finds even one deduction or tax credit you would have otherwise missed, it can easily lead to significant cost savings.
Saving time. According to the IRS, it takes nearly 20 hours to complete the average tax return with deductions! Just remember, time is money.
Avoiding mistakes. When it comes to missed deductions or triggering an IRS audit, a tax professional can eliminate errors and ensure your returns are prepared correctly.
Gaining peace of mind. Just knowing that a knowledgeable tax professional is correctly handling your taxes will significantly reduce stress.
Having your questions answered. Have you ever tried to call the IRS?! You’ll be on hold for hours! A tax professional can immediately answer any questions you may have.
Reviewing old tax returns. A tax professional will not only look at the current year’s tax returns but also several years prior. If any deductions were missed, you could receive money!
Money-saving tax planning. A knowledgeable tax professional, such as Maggi Tax Advisory and Financial Group, will advise you throughout the year on the best strategies to make smart tax-saving decisions.
Reducing audit risk. Should you get audited, your IRS-regulated tax professional will represent you in the audit and handle all correspondence with the IRS.
Save time and money with Maggi Tax Advisory and Financial Group!
For over 30 years, our expertise has guided individuals, families, and businesses with all aspects of their financial well-being. To learn more about our established financial services firm or to schedule an appointment, please contact our Hillsborough office at (813) 909-0022 or our Pinellas/Pasco location at (727) 799-1701.