4 Reasons to Hire a Financial Consultant for your Tax Declaration
Preparing your own tax declaration can be time-consuming, stressful and complicated. Even worse, your financial situation and investments can change drastically from year to year, meaning even if you previously understood how to file your taxes you can suddenly find yourself needing specialised advice.
It’s important to make sure your tax declaration is accurate – but that’s easier said than done. Many people consider hiring an accountant to help them with their taxes but are too unsure to take the plunge.
Here are the top five reasons why you should consider hiring a financial consultant to complete your tax declaration.
1.You save yourself time
This is possibly the most obvious reason to hire a financial consultant to file your tax return for you. Depending on the accuracy of your record keeping, it can take up to 10 hours of work even before you can even begin your declaration. Spend that time running your business and doing what you do best – leave the numbers to someone else.
2.You’re less likely to make mistakes
When your sink breaks, do you try to fix it yourself or do you call a plumber? It likely depends on your level of confidence. If you don’t feel confident, it’s best to leave it to the experts. Certified accountants are experts in tax laws and can help make sure you’re not missing anything out. Don’t be left chasing your mistakes months down the road.
3.You work with an actual human
Many people turn to sophisticated tax software in order to complete their tax declaration. While technology is getting better and better, nothing can replace that human touch. By working with a financial consultant, you can ask questions and learn far more than you can from a piece of software.
Bonus tip: Be sure to find an accountant that works well with you and your business needs. At Abacus Consulting, we make ourselves available to clients 24/7 and treat all cases with integrity. You won’t necessarily get the same treatment with a large corporation.
4.You make a contact for life
Or, at least, the life of your business. By working with a financial consultant, you choose to build a relationship with someone with a wider skill set than your average accountant. Not only can a consultant help you file your tax declaration year after year, they likely provide a range of services to make your day-to-day business activity easier.
Did you know that in Belgium, if you haven’t filed your taxes before a certain date, you are required by law to have a certified accountant file them for you? The date this year was 13 July 2017.
Missed the deadline? Reach out to Abacus Consulting at www.abacusconsulting.eu.