Tax season is here again, and if you’re like most Coloradans, taxes are probably not one of your favorite things to do. While we can’t promise that you’ll ever enjoy doing your taxes, finding Denver tax experts in your corner can make the process much smoother. It may seem a little overwhelming if you are looking for an expert for the first time, but we’ll try to make your search as easy as possible, starting with some of the services you can hire a tax professional for. Let’s dive in!
Services you can hire Denver tax experts to help with
1. Tax planning
Tax planning is about optimizing your tax position, reducing liabilities, and ensuring that you have the proper tax structure. By working with a tax expert, you can also ensure that you take advantage of all available deductions. Taxes can get complicated fast, but you don’t have to do everything alone. Working with a professional before tax season can put you in a great position when tax season rolls around. Don’t get caught off guard when it comes to your taxes! Trust the advice of a professional.
2. Tax audits
Contrary to what you might think, tax audits are relatively common. Every year, the IRS audits hundreds of taxpayers. While an audit might seem scary, there’s no reason to be scared with the help of a trusted tax professional by your side. In addition to helping you with the audit, a tax expert can also represent you in court if the IRS requests you to be present in tax court. Although it’s never fun to have your taxes in question, this is what a professional deals with daily. You don’t have to handle an audit by yourself.
3. Tax preparation
If you feel overwhelmed with filing your taxes, a tax expert can be an excellent resource for filing your taxes correctly. Whether it’s federal or state taxes that you need help filing, an expert can provide advice and support along the way. Tax professionals can also assist you in filing business returns if you own a small business. Let’s face it, taxes are complex, but there’s no getting around filing your taxes. Do it right first to avoid audits and penalties down the line.
If you are on the hunt for Denver tax experts and need help with any of the above tax services, we hope you’ll consider working with Denver Tax Group. We offer a full suite of tax services. Taxes don’t have to be draining. See the difference by working with us this year!
Questions to ask during your first meeting with Denver tax experts
Once you’ve figured out the services that you are interested in considering when selecting from your list of Denver tax experts, it’s time to start preparing for your first meeting with your tax advisor. Since many tax advisors charge by the hour, it’s a good idea to have a plan before your first meeting with your advisor. Luckily, we’ve done the hard work for you in compiling a few questions to get you started in the right direction. Ready to take a look?
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What will your preparation process look like?
Denver tax experts all have their unique style of preparing taxes, and you need to know before hiring one if that style is going to work for you as well. Before signing up to work with an advisor, use the free consultation, if they offer one, to ask about how the tax preparation will look like. Do you prefer to meet in person with your advisor a couple times to hammer everything out, or maybe you would be more comfortable chatting on the phone instead of going into their office. Whatever method of communication you are looking for, be sure to discuss this early to see if you align with that advisor.
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How will you help me achieve my tax goals?
Another great question to ask before you’ve made your final decision on what Denver tax experts to work with is to see how they plan on helping you reach your tax goals. Use the time with your advisor to get your goals and fears out in the open so that they can share how they will help get you there. Are you looking to find out whether or not a standard deduction will help meet your goals? Or maybe an itemized deduction might be better for your situation. In any case, reputable Dever tax experts will be able to lay out what their plan is to assist you in achieving your goals.
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What can I do differently this year to improve next year’s tax situation?
While, in some cases, it may be too late to change anything regarding this year’s taxes, Denver tax experts can give you advice on what you can do to improve your situation in the future. For example, if you get a large return this year, but you are looking to have more of this money back in your wallet before tax season, there might be a way to get you closer to $0 back next year given that you follow your advisor’s advice. The advice your tax pro can give you extends beyond returns, though! They can also walk you through the tax implications of investments, when it might be a good time to buy or sell a home with a tax lens in mind, or other areas to consider.
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Can I contact Denver tax experts throughout the year or only during certain times?
Although many people tend to think about taxes only during tax season, there are a lot of questions that can make a world of difference if you ask them before tax season or after. You want to look for a tax professional that is available throughout the year, not just when you are filing your return. Since many of the decisions made during the year will affect your return for the following year, it’s imperative that you get the opportunity to ask questions as they arise. That way you can make necessary pivots if needed before it’s time to file your taxes again for the following year. When in doubt, call your advisor.
Denver Tax Group, located in Aurora, Colorado, focuses on our client’s long-term growth while providing a wide array of services for your taxes. We believe a strong foundation is the key to financial freedom. Clear communication between the client and the tax professional, accurate preparation that we stand behind, and tax advice that will place you and your family on track for a strong financial future! We offer different services to prepare you for the years ahead. Learn more about our services or contact us now to schedule your appointment at 303-333-0363.
You may also be interested in Denver Tax Advisors.
Denver Tax Group is now located in Aurora, Colorado. Contact us today to get started on our bookkeeping and payroll services so you can concentrate on making your small business a lot bigger. Call now to schedule your appointment: 303-333-0363.
Need more reasons to work with us? Check out this 5-star review from Grimly Fiendish.
“This is the best tax service in Colorado. Painless experience every year. So much better than any chain!”
