Long Island Accountants Diapoules & Feinstein CPAs P.C. Say That Tax Prep Is Worth the Investment

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Diapoules & Feinstein CPAs P.C. respond to an article released by Yahoo! Finance detailing why paying for a professional tax service is a wise decision.

On March 8, Long Island accountants Diapoules & Feinstein CPAs P.C. respond to an article, released by Yahoo! Finance, explaining the merits of paying for a professional tax preparation service.

The Yahoo! Finance article mentions that there are multiple options available for people who want to do their own taxes, but still recommends seeking the services of a tax professional.

The article points out that life has a tendency to get more complex as time goes on. While it remains possible to do taxes on one's own, a few considerations should be taken into account. Depending upon the individual, the article states that deductions, writing off expenses, and tracking miscellaneous transactions can add up to a complicated state of affairs for even the savviest of taxpayers. Despite the availability of various do-it-yourself options and resources, the article insists an accountant is needed for more in-depth information and problem-solving.

In the case of an individual owning a home and business, the article maintains that expense deductions are a significant matter of concern, suggesting that the filing process is very complex and error-prone in circumstances like this. Due to the increasing probability of error with increasing complexity, the article stresses the utility and practicality of professional assistance.

Time is stressed as a valuable commodity – especially for a business owner. Stating that doing taxes is a time-consuming process, an accountant is favored as a means to let someone help cut down on the amount of time required to properly file the taxes, because their skills and experience are aligned with the task.

Jim Diapoules of Diapoules & Feinstein CPAs P.C. responds to the article, saying “A major reason for using CPAs and other tax professionals to prepare your taxes is the experience they have in dealing with the Internal Revenue Service and various state tax departments. They also have seen and dealt with many difficult tax situations. Also, the tax laws have become increasing more complicated and business owners are particularly susceptible to having a misstep when they prepare their own taxes. In all likelihood, business owners and many individuals simply do not have the time nor the expertise to properly prepare their tax returns.”

Diapoules and Feinstein CPAs P.C. have been providing accounting, auditing and tax services to Greater New York City area since 1989. D&F provides our clients with great personal attention and years of professional experience in order to see them succeed and help them to feel confident.


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