Tag: financial planning

What to Look for In a CPA

It’s no secret that taxpayers can benefit greatly by hiring a CPA to help file their taxes. However, like many of life’s decisions, you should not select a CPA blindly. Before you spend your hard-earned cash on CPA services, there are a few questions you should be prepared to ask to ensure you’re selecting a skilled professional for your situation. When it comes to filing taxes, it’s important to remember that the tax industry is ever changing and an appropriate CPA should be well-versed in new or ongoing changes within the industry. When searching for the best suitable CPA, keep these following questions at hand:

What should you look for in a CPA?

  • What licenses and background do you have?
  • How long have you been in the tax business?
  • Are there any particular tax-related issues that you specialize in?
  • Do you outsource any of the work you do? Will you be readily available if any questions arise?
  • Are you knowledgeable and experienced to handle my particular situation?
  • Approximately how long will it take to complete my work?
  • Do you maintain a strict privacy policy? Will my information be kept safe?
  • What are your current fees?

The most important factor to consider when selecting an experienced CPA to handle your taxes is whether or not they specialize and have immense knowledge on how to help with your specific problem. When searching for a competent and experienced CPA, don’t be afraid to ask questions. Always let a professional handle your tax return preparation, especially when you aren’t confident or well-versed to handle them yourself. If you’re looking for a dependable Honolulu CPA firm, Michael J. Yuda CPA, LLC can answer any questions you might have.

Aloha!

Tax Return Preparation: Leading the Way to a Strong Financial Plan

Tax Return preparation! The thought probably never crosses your mind, but tax planning is an extremely integral piece of maintain a strong financial plan. Most people sadly don’t concentrate on tax planning, and scramble to get their taxes done every year so they can get the sweet little check! However, if you properly prepare for tax season, chances are your return will be much more satisfying. Tax return preparation should be maintained through an entire year, and not at the very last minute! Staying organized and keeping records is an excellent way to obtain a strong financial plan and get the most bang for your buck!

Taxes impact one’s financial well-being in a big way, especially for those who are self-employed or business owners. Take enough time to plan for the current year and make necessary adjustments to help keep things on track. Hiring a CPA is a great way to maintain financial success.  Tax law and changing tax codes happen all the time, which can affect your taxes in a negative way. Tax return preparation can help you be ready if those changes are a factor for you. Taking control of your taxes and saving money is what tax planning is all about! Who doesn’t want to save more money? When you actively keep records of your spending, realizing what you’re paying for can help you make cuts much easier.

Tax return preparation will help you take control of your taxes, and be ready well in advance when tax day springs upon us. It’s important to always remember that the tax code is complicated, and Michael J. Yuda,  CPA in Hawaii can help un-complicate them!

Aloha!