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  • Writer's picturePatrick Murtha

Advantages of an accounting professional



Whether you’re starting a new business or trying to get your personal finances in order, you may be wondering what the benefits of retaining an accounting professional are. Accountants have specialized knowledge and experience in accounting, tax laws and financial management. Professionals are less likely to make errors in financial statements, tax filings or other financial tasks; thus, reducing the risk of penalties or financial losses.

The accountants at Murtha & Murtha are experts in the field and can assist with your financial planning. If you are planning on buying or selling a home, we can advise you on the tax benefits or implications. If you are looking to acquire a business or sell your current entity, we can prepare a valuation to determine its economic value.

When it comes to your taxes, an accountant will be able to advise on how to reduce your taxable income, what deductions and credits you qualify for and will be on your side if you get audited by the IRS. We are knowledgeable about tax compliance laws and IRS procedures. We can advise on tax saving strategies and ensure that you take advantage of all eligible deductions and credits.

If you run a business, hiring an accountant can save you valuable time by preparing financial statements, filing your tax returns and handling your bookkeeping so that you can stay focused on your business and its functions. They have expertise in accounting software, such as QuickBooks, and may even be able to offer you a lower rate. Instead of spending hours trying to manage finances or understand tax laws, you can rely on a professional to handle these tasks efficiently.

Establishing a relationship with an accounting professional can assure you maintain accurate financial records and file correct and timely tax returns. We provide peace of mind while you are making informed financial decisions. Knowing a professional is handling your finances can reduce stress and give you more confidence in your financial decisions.

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