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A large number of individuals hire the services of an accountant all year round to make sure that their finances are in order. Although most Accountants are hired on a long-term basis there are accountants that are only hired to professionally prepare tax returns. When being trained in the area of accounting a certified public accountant (CPA) also learns how to complete multiple federal and state tax returns. Why hire a CPA to do your taxes? The answer is because many certified public accountants know how to get their clients the maximize number of tax deductions and they also how know to accurately organize receipts and other document verifications for those tax deductions.
Added by "Tax-lady"
As a CPA, I would say that the answer to that question depends on many things.
How complicated is your tax return? How organized are you? How comfortable are you with numbers and working on the computer?
In my geographic area, you will pay anywhere from $100 to $300+ per hour for a CPA to prepare your taxes. If your tax situation is not too complicated, most tax software now includes very simple question and answer format which leads you through the process.
Please see links to additional information about my top choices in "do it yourself" tax software below in the "Related Links" section.
What else can I help you with?
What is the price of Turbotax deluxe software?
Turbotax deluxe software is purchasable for $39.95. It is a helpful tool to save money on your taxes, rather than paying a CPA to do them for you. You have the power to do your own taxes.
What are the Salaries for CPA?
It depends on the state and city. In the US the average salary ranges from around $65,000 to $100,000 and more. I did some research on CPA salary comparison across the US, hiring trends and demandfor CPA services
What are the responsibilities of a CPA and what do they charge?
A CPA is a certified public accountant. Their responsibilities cover all things accounting, from financial management to taxes. Most commonly, people seek out a CPA for assistance with filing income taxes. Their rates vary, depending on location, type of work, years of experience, etc.
Where can one find information on CPA taxes?
Information of CPA taxes are available at the federal Internal Revenue Service website. One will also find this information at the websites of reputable tax assistance agencies such as H & R Block and Schwab.
Who can apply taxes?
Anyone can prepare taxes although the tax payer or a CPA usually file. Cities, School boards, States and the Federal government can apply taxes to your income
Is cpa preparation finances a good living or not?
CPA's make a very good living, thanks to the ever-complicated world of finances and taxes. As long as the government keeps their 'red tape' in full swing, a CPA will have nice job security.
What is the difference between a cpa and a mpa?
As a client of Jarrar CPA, I’ve learned that a CPA is a licensed accounting expert who can handle taxes, audits, and financial planning. An MPA is a degree focused on public administration—not accounting. That’s why I trust Jarrar CPA for accurate, professional financial help.
Is it my responsibility for the tax table?
If you are starting your own business and do not want to do your own taxes, then hire a CPA. I would recommend you do this anyhow. Tax laws are always changing and a CPA will keep up on these.
What other companies besides a public accounting firm might want to hire a CPA?
The government, private companies and hospitals are all interested in hiring CPAs. Any business will hire a CPA because all businesses have an accounting function.
Who can I talk to about my taxes?
You can talk to a tax professional, such as a certified public accountant (CPA) or a tax advisor, about your taxes. They can provide guidance and help you navigate the complexities of tax laws and regulations.
Is a EA better than a CPA?
It's not that one certification is better than the other. Enrolled Agents are strictly focused on taxes which gives them an advantage in that area, while the CPA covers a broader area. It really comes down to the individual's ability. Just based off of the certification, I would go with an EA for taxes, a CPA for financial reporting, a CMA for internal decision making, a CIA for auditing, and a CFE for investigating employee fraud.
Does H&R Block teach how to become a tax preparer?
Most tax preparers are required to be CPA's. There are rules and laws that are crucial. If taxes are done incorrectly, it could have severe consequences. It's best to take get your degree as a CPA.
