Why Would You Hire a CPA?
We mentioned that smart tax strategies result from taking advantage of a multitude of tax laws. According to the Tax Foundation, there are over 7.7 million words of tax regulations from the IRS and over 60,000 pages of case law that is tax-related.
Tax planning involves utilizing strategic action throughout the whole year so that all these laws result in favorable outcomes for you. You could try your hand at making the right decisions through intensive research and taking your best guesses, but that could be, well, taxing.
There’s a reason people hire tutors, financial advisors, doctors, etc.
They have advanced knowledge in their fields, they’re required to continuously maintain their credentials, and their skills are a wise investment so that you can focus on what you do best. Hiring a CPA to guide you through tax planning is the same concept.
Taxes are one of the greatest expenses you will incur throughout the year, so reducing them is crucial. Don’t leave your wealth up to chance. Hire a CPA.