TAX PREPARATION & COMPLIANCE
The Taxpayer Advocate Service (TAS). The organization, which is dedicated to helping taxpayers resolve tax problems, Puts out a map every year that’s designed to help us all understand the workings of the tax system. One quick look should tell you that if you’re feeling confused or overwhelmed, it’s not you — it’s them.
To truly understand just how complicated America’s tax system is, take a look at the 2019 TAS Map:
Even though we are promised that taxes will be so simple that we could send them in on a postcard, the Tax Cuts and Jobs Act of 2017 and the many subsequent legislation, continue to make the situation even more complicated.
When you consider the amount of studying you would have to do just to understand the basics — and not even scratch the surface of the extra deductions and credits that you may be entitled to — there’s no doubt that it’s worth your investment to use a tax professional. It’s the decision that 72% of small business owners have made, acknowledging that the money they spend on these services is worth it. According to a CountingWorks SMB survey, these entrepreneurs call CPAs and tax professionals “very important advisors over other professionals like attorneys, business bankers, insurance agents, and computer consultants.”