April the fifteenth is one of, if not the, most hated days on the calendar. It’s the day that you have to pay your due, and render unto the proverbial Caesar what is Caesar’s. I’m talking about tax day, the day that you have to pay your pound of flesh to the Internal Revenue Service, or, if you’re someone whose taxes get taken out as they go along via payroll taxes, then it’s the day that you beg them, like Oliver of Dickensian fame, for more of your money back. It’s not hard to understand why so many people absolutely hate the day. You have to give the government money, although, really, you can’t see much benefit that the government has given to you. If you’re my age, mid to late twenties, it’s even worse. You see, I have to send in money to social security, even though even the rosiest of estimates are telling me that by the time I am old enough to legally draw from social security for retirement, it won’t exist anymore, due to the fact that it has been immensely underfunded is repeatedly being scavenged in order to pay for other things that it shouldn’t be paying for at all.
So, obviously, the best thing that I can do is to keep as much of my money from going into the hands of the IRS as is legally possible, wouldn’t you agree? But, how do I do that? I mean, I don’t have the time and the inclination to go and try to figure out the seventy-odd thousand pages of tax code that currently exist, and I certainly don’t have the time, inclination, or even the desire to go and figure out the additions that they make every year. Where am I to turn?
Why, I can find a CPA firm that offers tax services and listen to what they have to say, and let them help me with my taxes. Here are just three times when it would be advantageous to go out and pursue such services.
1. When you first go out on your own
The first time you move out and live on your own is going to be a very startling experience. All the sudden, you have to bring in your own money. You have to do your own laundry, buy your own groceries, and you will, eventually, discover that doing your own shopping means you have to buy real food in order to have decent nutrition that will allow you to continue to live and be healthy. You also have to pay your taxes.
But thing is, we don’t really give a lot of advice to our young people about how you do that, how you fill out your tax forms, or even what you can deduct. So, you might find that you benefit from hiring one of the local CPA firms and getting them to help you file your taxes so that it’s done right and you save as much money as possible from the hands of the tax man.
2. When you first get married
When first you get married, you’re going to have a lot of new expenses (and you’re also going to have a lot of new headaches, believe it or not), and nothing is as much of a hassle as figuring out how to jointly file your taxes. So, where are you to turn to keep from having the filing of taxes tear apart your marriage as it begins?
Find your local group offering tax accounting services, and hire them to deal with it. Let it be their headache, while you focus on the argument over throwing out all your glasses because they all have beer logos on them (no judgment, pint glasses are pretty awesome, right?).
3. When you have a kid
Having a child is pretty expensive, especially the actual birthing process and the care that comes right after. Then there’s the actual cost of raising a child, which is, to be fair, astronomical. Then, there’s also the money you need to set aside for their education, for their future, the list goes on and on, and the point is that we’re talking about a lot of money. Luckily, you can write off a lot of the expense and thus remove it from your tax filing, saving yourself money that you can spend on your new bundle of joy!
Hiring a CPA to help you with tax services is the best thing you can do if you’re not sure about your tax filings. They can help you to save as much money as possible, and best of all, they’re going to be able to help you keep your money in your pocket, rather than in the pocket of the IRS.