Many people mistakenly think that they can prepare their commercial tax returns in-house and save money, only to cost themselves more money down the line. Yes, a commercial tax specialist will cost you some money up front, but it's an investment with a substantial ROI. Put simply; DIY tax preparation saves you money on the front end but costs you more on the back end. On the other hand, hiring a tax pro, such as HT Tax Pros, to prepare and file your commercial tax returns in NJ costs a little bit of money on the front end, but saves you loads of money on the back end. How so?
Reduce Errors, Reduce Costs
One of the most notable ways that company's save money with the commercial tax services of Haber and Gunther is by reducing errors on their tax returns. Even simple computation errors on your tax returns can hamstring your business unnecessarily. You'll be happy to learn that these mistakes are avoidable. Entering false numbers, fudging numbers, or entering numbers in incorrect spaces on tax forms, as novice as these mistakes sound, are very, very common mistakes and will surely have IRS contacting you.
Additionally, even a simple error on a commercial tax return can delay the process for months and potentially lead to a tax audit. Plus, you could wind up paying fines and interest effective from the date you filed your taxes.
Avoid Liability by Using a Licensed Tax Pro
When you prepare your tax returns in-house, errors are not only more prone to happen, but you will also be held liable for them as well. When you employ HG Tax Pros or another licensed tax accountant to take care of your tax work for you, it is the tax accounting firm, not you, that will be held responsible for their errors. As licensed commercial tax return professionals in NJ, we are held to a high standard of work and behavior.
Receive Year-Round Tax Advice
Everyone knows that tax law is complex and it only gets more complicated as time goes by. Having a reliable, knowledgeable tax pro on your team who can answer your questions at any time adds tremendous value to your organization.
Also, having a tax pro like HG Tax Pros means you'll find deductions and incentives you likely would not have found on your own. Staying in compliance is more than the morally-correct thing to do - it's sound for your legal well-being.
Avoid Legal Action
When you put your John Hancock on the end of a tax return, you are declaring to the IRS and the federal government that the information contained within the tax form is true and accurate. IRS audits are very good at finding errors and mistakes, but they are not always eager to accept the idea that it might have been an error or a mistake, especially when it comes to commercial tax returns!
The result of misinformation on your tax return, either intentional or unintentional, can be crippling to your business. Fortunately, by having a professional tax expert prepare your tax returns in NJ, you don't have to worry about this!Commercial Tax Returns Nj
View Larger Map