Tax season officially started today. If you're reading this you're probably wondering whether you "qualify" as someone whose taxes are complicated enough to justify hiring a CPA. Here are some things to consider when deciding whether a CPA is right for you:
1. Are you self employed?
2. Do you have children or dependents?
3. Do you own property?
4. Do you have investments or contribute to a retirement account?
If you answered yes to any of these questions, then you could benefit from having a CPA look at your situation to make sure you're getting maximum tax savings. Now comes the question about price...is the cost of a CPA worth the amount you'll save?
A traditional brick-and-mortar CPA typically starts at around $300 to complete your taxes, which may not make sense for many people. There is another option though: the online CPA, who charges significantly less for the same level of service.
So, back to our original question: should you hire a CPA to do your taxes? The answer is most likely yes, if you can afford it. And thanks to online CPA firms like Fishback Tax, you probably can.