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Should I get an accountant?

I do not know how to pay taxes, and I was wondering if an accountant is reasonable when I don't have that much knowledge on how to pay them in the first place.

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Arianna’s Answer

This really depends on what you're willing to teach yourself and what the taxes are for. If you're speaking of a business you own, I would highly recommend getting an accountant to manage finances or at the very least assist with your yearly taxes and break down whether or not you should pay quarterly.

If you're speaking of your personal taxes there are many platforms out there to assist for free or a small amount based on your needs. TurboTax, H&R Block, etc. Both are great for beginners and personal taxes.

Good luck!
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Diane’s Answer

Echo on the TurboTax! If you do not have a complex tax situation you can likely file for free and irs.gov also has basic information.
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Ileana’s Answer

I'm not sure how complex your tax situation is, but if you only need to report your income or salary, I suggest giving TurboTax a try. It's a super user-friendly and straightforward website/app!
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Peter E.’s Answer

Hey Noah! It's always a good idea to work with a CPA when doing your taxes, even if they seem straightforward. Mistakes can happen, and it might take the IRS a long time to finish reviewing your case if your account gets flagged. A CPA can assist you in resolving any problems that may arise.
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Jess’s Answer

Hi Noah,

Assuming that you meant your personal taxes, if your situation is not complex, TurboTax and Credit Karma can be great sources. Those softwires usually ask all the right questions and you just have to devote some time to concentrate and do your taxes.

I hope this helps.
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Mark’s Answer

Well, if you have a job, then most likely you are already paying taxes. You would want to file your taxes to get your refund for overpayment. I don't think an accountant is necessary to file your own personnel tax return. The IRS will let you file your federal individual tax return for free if you make less than a certain amount. If you make more, then there are a number of tax preparation software programs that generally cost less than $100 and walk you thru all the steps in order to complete your tax return. These include TurboTax, H&R Block, TaxAct, etc. An accountant would only be necessary if you have a complex tax return or a business.
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Jason’s Answer

I agree that utilizing tax software is a great starting point. Moreover, if you intend to establish a small business, it would be beneficial to explore accounting software options as well. As previously mentioned, the creators of TurboTax also offer QuickBooks, a software designed to assist small businesses in bookkeeping and tax filing. In full transparency, I am employed by Intuit, the parent company of both TurboTax and QuickBooks. Nonetheless, there are alternative solutions that you may want to consider as well.
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