A Gift for Everyone this Season

This season is meant for celebrating, and no matter how you celebrate it can be overshadowed by the fear that tax season is getting closer. But fear not, we have the perfect gift you can give yourself to make this tax year and the years to come pain-free with more celebration in store for you! 

The holidays are here, and with a rush of mistletoe and delicious treats, in comes the last fiscal quarter of 2019. We've made it, and that in itself is a reason to celebrate. While we sit here enjoying a mug of holiday cheer, we can't help but start to think of tax season. We are about to put this year to sleep and tuck it in to the IRS come April. But come January 21st, the IRS will start taking e-file returns, which means getting your tax return back even sooner! There is one more step you can go about doing to make your tax holiday season even better. That is to gift yourself with hiring a Tax Professional! 

Perhaps you've done your taxes for the last handful of years. That's amazing, ambitious, and very time-consuming. We understand your hesitation in hiring someone to help you with your taxes. It does cost money. But in the spirit of giving, we want to pass along five of the top reasons why you should consider hiring a tax professional to do your 2019 taxes! 

• Going about doing your taxes alone is hard. You have to stay up to date on tax code and low, and how it affects you personally depending on your profession. Guess what? A tax professional is paid to do that for a living! They know the ins and outs of this daunting task so you don't have to. 
• The goal of getting your taxes done as soon as possible is to get as much back in your bank account or keeping as much in your bank account as possible. A tax professional is paid to find any missing deductions or tax credits your eye might not see, notice, or understand. This could automatically mean paying less or getting more back in return. Think about it this way: This could even mean covering the cost, if not more, that you are dedicating to your tax professional. 
• It will save you time! Your time is worth money, spending it with your loved ones, and doing the things you love. It is estimated that filing out, gathering receipts, and filing a tax return can take up to 20 hours or more. That's half your work week! Do you want to give up all of that in free time or lose hours at work? I would say not! Let the professionals take care of this for you, so you can have more time for what matters! 
• If this is your first time working with a tax professional, they might save you more many than just on this year's tax return. They can look at and review your previous tax returns to see if any deductions or tax credits were missed there too. If so, they can have these issues amended, meaning more money for you! 
• One of the scariest and most difficult things to come across with your taxes is an audit. The stress of going through and meticulously proving your write-offs, correcting mistakes, and other missing pieces is horrible. This can be financially taxing too because it could prevent your tax return from arriving when you expected it or cause you to pay more in missing tax money you didn't pay correctly. Then, of course, what about the questions you can't answer that the IRS is imposing on you? A tax professional can not only prevent an audit with meticulously filed paperwork, but they are also there with answers to even questions the IRS might have for you! 

In five easy steps, this can be the best holiday yet. Fill your mug up with holiday cheer and settle into the last few weeks of the holiday. Don't fear tax season. 2020 is going to be an excellent year, just you wait! From all of us at Hoods, we wish you and yours a wonderful holiday and a happy New Year!