Comments on: Do I Need an Accountant or CPA? Knowing When to Outsource Your Taxes http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/?utm_source=rss&utm_medium=rss&utm_campaign=do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes Helping a unique generation achieve financial independence. Sat, 31 Jul 2010 03:29:55 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Poll: Where Do You Turn for Financial Advice | FinanceMoz.com http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-134927 Poll: Where Do You Turn for Financial Advice | FinanceMoz.com Sun, 06 Jun 2010 09:59:41 +0000 http://genxfinance.com/?p=1872#comment-134927 [...] exactly why I hired an accountant for my taxes a few years ago. I might be a finance guy and love dealing with money and writing about it on a [...] [...] exactly why I hired an accountant for my taxes a few years ago. I might be a finance guy and love dealing with money and writing about it on a [...]

]]> By: Poll: Where Do You Get Your Financial Advice? http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-134386 Poll: Where Do You Get Your Financial Advice? Tue, 25 May 2010 14:39:42 +0000 http://genxfinance.com/?p=1872#comment-134386 [...] exactly why I hired an accountant for my taxes a few years ago. I might be a finance guy and love dealing with money and writing about it on a [...] [...] exactly why I hired an accountant for my taxes a few years ago. I might be a finance guy and love dealing with money and writing about it on a [...]

]]> By: How to Manage Your Money When Starting a Business http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-133747 How to Manage Your Money When Starting a Business Mon, 17 May 2010 16:16:32 +0000 http://genxfinance.com/?p=1872#comment-133747 [...] Do you need to borrow any money to get started? What kind of bank accounts should you have? Do you need an accountant? You may be on a shoestring budget but don’t let that keep you from doing things properly [...] [...] Do you need to borrow any money to get started? What kind of bank accounts should you have? Do you need an accountant? You may be on a shoestring budget but don’t let that keep you from doing things properly [...]

]]> By: Five Free Online Applications to Help You Get Organized http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-129955 Five Free Online Applications to Help You Get Organized Mon, 29 Mar 2010 13:52:07 +0000 http://genxfinance.com/?p=1872#comment-129955 [...] have saved you money. And don’t forget organizing your financial documents. When it comes to doing your taxes, buying a home, or making any other large financial decision it will save you a lot of time and [...] [...] have saved you money. And don’t forget organizing your financial documents. When it comes to doing your taxes, buying a home, or making any other large financial decision it will save you a lot of time and [...]

]]> By: Friday Finance Findings for March 26th http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-129778 Friday Finance Findings for March 26th Fri, 26 Mar 2010 14:15:25 +0000 http://genxfinance.com/?p=1872#comment-129778 [...] to do our taxes this year. I recently moved from preparing them myself with tax software and hired a CPA to help. It’s been worth every penny. I meet with her next week to go over everything and [...] [...] to do our taxes this year. I recently moved from preparing them myself with tax software and hired a CPA to help. It’s been worth every penny. I meet with her next week to go over everything and [...]

]]> By: Dan http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-127889 Dan Mon, 01 Mar 2010 16:18:20 +0000 http://genxfinance.com/?p=1872#comment-127889 I have been doing a lot of research in this area for our tax & accounting firm. Tax software really is great for those individuals with simple returns. In theory, software and professionals should end up with the same results; however, the accuracy of the software is left to the knowledge and understanding of the individual inputting the figures. For that reason, we too recommend that individuals with major life changes, businesses or complicated tax issues use an accountant. Here are the results of an experiment I conducted between free software and a tax professional: http://www.msftaxes.com/tax-software-vs-tax-professional I have been doing a lot of research in this area for our tax & accounting firm. Tax software really is great for those individuals with simple returns.

In theory, software and professionals should end up with the same results; however, the accuracy of the software is left to the knowledge and understanding of the individual inputting the figures. For that reason, we too recommend that individuals with major life changes, businesses or complicated tax issues use an accountant.

Here are the results of an experiment I conducted between free software and a tax professional: http://www.msftaxes.com/tax-software-vs-tax-professional

]]> By: The 401k Loan: How to Borrow Money From Your Retirement Plan and What You Need to Know http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-126942 The 401k Loan: How to Borrow Money From Your Retirement Plan and What You Need to Know Tue, 16 Feb 2010 16:45:00 +0000 http://genxfinance.com/?p=1872#comment-126942 [...] money out of an IRA as you need it. No loan fees, no interest to repay, and you can work with your tax preparer or CPA to minimize the tax [...] [...] money out of an IRA as you need it. No loan fees, no interest to repay, and you can work with your tax preparer or CPA to minimize the tax [...]

]]> By: How to Avoid and Prepare For a Tax Audit by the IRS : Generation X Finance http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-125742 How to Avoid and Prepare For a Tax Audit by the IRS : Generation X Finance Wed, 03 Feb 2010 15:37:29 +0000 http://genxfinance.com/?p=1872#comment-125742 [...] can work with you to deal with the IRS and track down the error. This is one of those times where deciding to get a CPA to do your taxes can really pay for [...] [...] can work with you to deal with the IRS and track down the error. This is one of those times where deciding to get a CPA to do your taxes can really pay for [...]

]]> By: » Weekly Roundup: The Internet is Getting Expensive Edition @ fivecentnickel.com http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-124686 » Weekly Roundup: The Internet is Getting Expensive Edition @ fivecentnickel.com Thu, 21 Jan 2010 03:54:06 +0000 http://genxfinance.com/?p=1872#comment-124686 [...] Knowing When to Outsource Your Taxes [...] [...] Knowing When to Outsource Your Taxes [...]

]]> By: Poll: How Do You Prepare Your Taxes? : Generation X Finance http://genxfinance.com/2010/01/07/do-i-need-an-accountant-or-cpa-knowing-when-to-outsource-your-taxes/comment-page-1/#comment-124445 Poll: How Do You Prepare Your Taxes? : Generation X Finance Mon, 18 Jan 2010 15:38:02 +0000 http://genxfinance.com/?p=1872#comment-124445 [...] needed to. But getting into habits can actually become costly. I spoke just the other week about determining when it’s time to hire a CPA to do your taxes. A lot of people are afraid to make this jump because they feel like they have a handle on their [...] [...] needed to. But getting into habits can actually become costly. I spoke just the other week about determining when it’s time to hire a CPA to do your taxes. A lot of people are afraid to make this jump because they feel like they have a handle on their [...]

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