April 15 hasn’t always been the national exercise in self-flagellation that it is today. Up until the 1940s, you could just waltz into your local IRS office and they would do your taxes for you. But those days have long since passed. You’re still welcome to do it yourself, if you need more stress in your life. But how will you know if you’re paying too much? Even software like TurboTax can’t guarantee you’ll get it right. If you don’t know how to use it, the program just helps you make the same expensive mistakes faster than when you made them with paper and pencils.
If you’re like most Americans, you just throw up your hands and call a pro. That begs a new question: who to call? Certified Public Accountants and Enrolled Agents have traditionally dominated the field. But up until 2010, anyone with a pencil could call himself a tax preparer. (Most of them use computers now — but, surprisingly, not all. Hey, some people still carry flip phones, too.) That seems like an obvious vacuum in today’s regulatory environment, considering that in most places, you need a license just to catch a fish. And we all know bureaucracy abhors a vacuum.
But here’s the real lesson: most tax preparers, credentialed or not, focus on putting the “right” numbers in the “right” boxes on the “right” forms. They do a great job of telling you how much you owe — but nothing about how to pay less. And that has everything to do with attitude, not credentials. So call us when you’re ready to save — and remember, we’re here for your family, friends, and colleagues, too!Continue reading →