If you run a business or need help with your personal finances, a professional accountant can help you. Accountants know all about money management, particularly when it comes to taxes, and some are qualified as CPAs (certified public accountants). Here are some facts about working with accountants.

1. They Can Simplify Taxes

According to Forbes, in 2023, the IRS reviewed over 162 million federal individual tax returns and supplemental documents. If your taxes have grown to be quite complicated over the years, accountants are available to help you. A CPA can help you avoid problems down the road. After all, tax evasion is a serious crime that could result in possible jail time. Therefore, understanding your money management and taxes is essential to being in compliance with the law. Rather than leaving it to chance, trust in an accountant.

2. They Know the State Processes

While every citizen in the United States needs to file their federal taxes, they're also responsible for state taxes as well. Each state has its own unique expectations for state taxes. As such, each state will have a tax return or payment that is standard for the area that changes with your income. Especially if you move across state lines, working with local accountants will be invaluable to maximizing your savings during tax season.

3. They Can Save You Time

Just like many other professional services, one of the most important reasons why individuals and businesses trust accountants is their ability to work out finances in an efficient way. A CPA isn't just someone who works with taxes for their day job. It's a profession that requires years of education, certification, exams, and experience. When you're working with a licensed CPA, you're working with a professional with a skill set that's highly valued and sought after.

With their education, a CPA is able to parse through taxes, financial statements, and more with ease. It's what they've studied for years to do! Rather than spending hours upon hours stressing over your taxes, especially if you're a busy parent, homeowner, or business owner, use that time on something more urgent. Let your accountant handle the paperwork.

When you want a financial professional on your side, local accounting professionals should be the first people to consider. Here at Denson Pepper CPA, we're a firm of certified accountants with over 40 years of experience. Call today to receive a free initial consultation of our services.