CPA Near Me: A guide to finding a great CPA in Omaha.

Today, we will explore the topic of hiring a CPA (Certified Public Accountant); let’s dive in!

When to hire a CPA?

This is a very common question that most people encounter at some point in their financial or life journey. Questions like: Is it important to hire a CPA? Can they really save you any money? Should you just use TurboTax?

Q: When to hire a CPA?

A: When your tax situation has become more complex than a simple return and/or you’re just not confident you’re getting the maximum results you could on your taxes and tax planning.

Q: Is it important to hire a CPA?

A: Yes, when your situation has become more complex than before, you owe a business, have an estate, etc., then having a dedicated CPA in your corner ensures you are only paying what you legally owe and not under or overpaying taxes! Furthermore, some CPAs (such as our firm owner, Bill) are also certified tax planners. Tax planning can make a huge difference in what you end up paying Uncle Sam come tax season, but it must be done ahead of time. More on this later.

Q: Can a CPA really save me money?

A: Absolutely! Again, it comes down to your circumstance. If you have one W2 and healthcare through your employer, then there is little a CPA can do to help you save money. However, if you have investments, own a business, or have other variables that affect taxes, then a CPA can ensure your return is as advantageous to you as legally possible. Simple things like a business owner not realizing a certain expense is tax deductible or incorrectly filling out a tax form – CPAs can save you valuable time and money!

Q: Should I just use TurboTax?

A: Again, this depends on the complexity of your return/tax situation. For basic returns with little to no variables, filing yourself may be the best option. However if your situation has complexity or variations, a CPA is a better bet than software.

Tax Planning

Tax planning involves making shifts in a taxpayer’s financial and business situation to minimize their tax burden both in the short term and over time. This often requires working in advance, before the end of the year, to identify, evaluate, and implement solutions.

True planning looks at both current and subsequent tax years. We keep an eye on the future by regularly discussing clients’ goals and wealth accumulation throughout the year. It generally includes combinations of several strategies to achieve optimal tax minimization.

Bookkeeping

Bookkeeping is the art of crunching numbers and ensuring that every transaction is accounted for and accounted for properly. As your business grows, you often find that you don’t have time to do everything anymore. You may also not have the training to do bookkeeping properly. An improper book could cost you a lot of money down the road, so it is important to have things correct from the get-go! That’s where an “accountant near me” search might have come up.

Outsourcing your bookkeeping is a cost-effective alternative to hiring an in-house bookkeeper. It also assists your accountant when it is time to analyze financial data and strategize for the future.

The following are five benefits of outsourcing your bookkeeping for your business:

• All financial transactions are accurately recorded.
• Spending analysis helps streamline budgeting for your business.
• Filing taxes is easier.
• Your records are accurate in the event of an IRS audit.
• Cash flow is managed correctly and accurately.

Realizing the importance of bookkeeping in running your business can provide peace of mind that allows you to do what is most important – manage the day-to-day operation of your business.

In Summary

A search for a new “CPA near me” can seem intimidating, but with the necessary understanding, it becomes liberating. Whether you want to ensure you aren’t overpaying your taxes, need help with bookkeeping, or are in the process of an audit, know that at W. E. Stevens PC, we are on your side!

Call us today at (402) 932-8815 or visit our website at westevens.com to learn how we can best serve you.

Sincerely,

W. E. Stevens, PC

Serving clients through a thoughtful experience, wise long-term perspective, and very experienced staff.