Thursday, March 5, 2015

Understand New Tax Laws With A Los Angeles CPA

By April Madrid


Like clockwork, each new year brings with it changes to our laws on taxation. It's no wonder so many citizens struggle to understand their obligations and turn to outside companies for help when they file their returns. Fortunately, taxpayers can get help understanding those laws from a competent Los Angeles accountant.

There are many reasons why filing your own taxes may not be the right decision. After all, if you run a business, itemize, or have varying kinds of income coming in, the laws can be complex. The added complexity from the Affordable Care Act has prompted many people to turn to accountants for help understanding it all.

Let's face it: the last thing you want is trouble with the Internal Revenue Service. Even a routine audit can be a frightening experience for most taxpayers. And with the awesome power available to that agency, taxpayers need to know that someone is on their side should discrepancies arise.

Accountants work to sort out your tax details, and help you to save money by ensuring that your return includes every deduction to which you are entitled by law. They also explain the process to help you gain a better understanding of that way in which all those laws affect your tax status.

Qualified accountants also guarantee their work, so that taxpayers know that they'll have help with audits or other investigations related to their prepared returns. It's always gratifying to rely on someone who has that kind of confidence in his work.

You could save money by trying to do your own taxes, of course. Many people do. Many of them, however, end up paying more than is required, or make costly mistakes on their forms that cost them thousands of dollars. With a little accounting help, you can avoid those pitfalls.




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