Should I Hire An Accountant To Help Me With My Tax Return?

Whether you’re a large business, a small business or an individual looking for advice regarding your taxes, hiring an accountant can have a range of benefits. Our blog dives into how an accountant can help you with your tax return and where you can find trusted accountancy services. To find out more, keep on reading!

What Is A Tax Return?

A tax return is a set of documents that are completed annually, by self-employed individuals. Most people in employment are taxed throughout the year, however anyone who has not been ‘Taxed at source’ will need to complete a tax return. The tax return tells HMRC how much tax and national insurance you owe.

So, Should I Hire A Professional?

While there’s no yes or no answer to this question, hiring a tax professional to help you with a tax return, or other finance related issues can be extremely helpful. However, it is not a legal requirement to hire a professional.

Knowledge & Expertise

One of the main benefits of choosing to hire an accountant is that you are able to work with someone who has the relevant knowledge and expertise in this area. Your accountant will have a deeper understanding of tax laws and regulations, which allows them to spot things that you may have overlooked on your own.

Lower Risk Of Mistakes

Due to this level of knowledge and experience, you can have more confidence in your tax return being done correctly. Hiring a professional massively reduces the risk of mistakes being made or documentation being filled out incorrectly. This can help you avoid costly mistakes and errors regarding your tax return.

Saving Time

FIling your taxes can be a pretty time consuming task, especially if you’re not aware of laws and regulations. Accountants can give you the security of having your tax return completed legitimately, while also giving you time to focus on other areas of your life.

Personalised Service

Some financial firms and tax professionals are focused on delivering a personable service to clients, meaning they try to gain a real understanding of your finances. This allows professional firms to deliver the most appropriate advice, build rapport with you and help your case to the best of their ability.

Michael Filiou: Accountant Services You Can Trust

If you’re searching for a reliable accounting team that you can trust, look no further. Here at Michael Filiou, we offer a range of services to help you with your finances. Our team is committed to building relationships in order to understand your goals and concerns to the best of our ability before giving you the relevant advice.

For more information about our services, feel free to contact us today for more information.