Some people absolutely panic any time April rolls around. The thought of having to get their tax papers, receipts and similar documentation ready is enough to give far more ‘user friendly’ that used to be, and there really is no reason to be panicky at tax time. When some poor sod will lose the family farm since he had filled out his tax forms incorrectly, we’ve all heard the horror stories about the old days of the IRS. Normally, the new IRS is a professional and much less dogmatic organization, and as long as one conducts oneself in a professional manner, they are pleasant and professional to work with. With all that said… Is likely that you have many businessrelated items to deduct, and receipts to keep up with, if you have a small or home based business.
As a matter of fact, all business owners must really consider having their taxes done by a third party. This is even true if you have a very small ‘homebased’ business, or an undertime business. Actually a professional accountant will likely be aware of deductions that you qualify for which you may have personally missed. Second, doing best in order to do your taxes yourself is difficult being that you have no objectivity. Lots of info can be found online. You are feeling of the tax laws and how they apply to your specific situation, whether you work with a professional accountant.