Sounds reasonable right? Unfortunately, things didn’t exactly pan out how I expected. I was also curious whether my accountant would save me money by finding additional deductions that Turbo Tax didn’t know about. Then, it takes another day to enter everything into TurboTax and then another few days to double and triple check everything.Īll told, it takes me about a week to file and I was hoping that the accountant would save me that time. When I file my own taxes, it typically takes my wife and I a good solid weekend to gather the data. As a result, I didn’t have the mental energy to think about anything else.
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Why We Went With An Accountant In The First Placeīack in 2010 when I used an accountant for the first time, I was running an ecommerce store, writing for my blog, working full time, and helping to take care of a newborn child.
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Get My Free Mini Course On How To Start A Successful Ecommerce Store However both times that I used an accountant, I ALSO used Turbo Tax to compare the results which I’ll share at the end of this article. And the other years, I’ve filed my taxes on my own using Turbo Tax. In any case, over the last decade of running my 2 7-figure online businesses, I’ve used an accountant to file our taxes twice. Probably my biggest reservation about using an accountant back then was that I hated the idea of turning over all of my sensitive financial data to a stranger and paying him/her to file a crucial document that could have a significant effect on my finances. Now that’s not to say that you shouldn’t trust accountants but in the grand scheme of things, no one cares about your money more than you do. I also like the feeling of control knowing how all of the numbers are calculated in my return. Whether an accountant will do a better job than Turbo TaxĢ010 was the first year that my wife and I decided to hire an accountant to file our tax return and I remember being very nervous about the decision.Įven though I absolutely hate taxes, I’d been filing my own returns for well over a decade and I avoided accountants because I don’t like sharing my financial data with anyone.
Whether an accountant will save you time on your taxes.Whether an accountant will save you money on your taxes.Specifically, this article will shed some light on… In this post, I discuss my own personal experiences filing my tax returns with 2 different accountants vs using Turbo Tax and Tax Cut. Do you really need an accountant to file your taxes? And will an accountant actually save you money versus using an off the shelf tax program like Turbo Tax?
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