There are several types of software that allow you to do your own taxes. However, it is best to hire a tax accountant San Antonio TX. There are several reasons that you will need to hire a tax accountant.
You Earn More Than $200,000 Per Year
Your chances of getting audited go up when you make more than $200,000 per year. People who make under $200,000 per year have a 0.9 percent chance of being audited. However, your chance of being audited goes up to 3.7 percent if you make more than $200,000 per year.
You Are Self-Employed or Own a Business
You will have to do your taxes differently if you own a business or are self-employed. An accountant will make sure that you take advantage of tax credits and deductions in order to reduce your tax liability.
You Don’t Know Tax Laws
It can be challenging to know all of the tax laws because there are federal, state and local regulations. These laws are also changed on a regular basis. Accountants keep up with these laws. That is why they will be able to ensure that you follow all of them.
You Don’t Have a Lot of Time
You can spend several hours doing your own taxes. That is why if you don’t have a lot of time on your hands, then it is best for you to hire a professional.