The IRS estimates that it would take the average taxpayer 13hours to complete their own Form 1040 which only includes the individual income. Lets not mention how long its estimated to complete a tax return for a business, say an S-Corp (shhhh…its over 140hrs!)
There is no doubt about it…the US tax system is confusing. With additions and subtractions (and then more additions) happening every year, it’s no wonder our tax system has so many nuances and considerations. An article published by the Tax Foundations stated “Over the last century, the federal tax code has expanded dramatically in size and scope. In 1955, the Internal Revenue Code stood at 409,000 words. Since then, it has grown to a total of 2.4 million words: almost six times as long as it was in 1955 and almost twice as long as in 1985. However, the tax statutes passed by Congress are only the tip of the iceberg when it comes to tax complexity. There are roughly 7.7 million words of tax regulations, promulgated by the IRS over the last century, which clarify how the U.S. tax statutes work in practice. On top of that, there are almost 60,000 pages of tax-related case law, which are indispensable for accountants and tax lawyers trying to figure out how much their clients actually owe.”
But the task of filing your taxes doesn’t have to be so difficult nor does it have to take up all of your time. As professionals in the tax industry with over 20 years experience, we have streamlined the process to gather documents as to not waste any more of your time than necessary. We’ve done away with static questionnaires and focused on building understanding o f each client’s needs through focused communication and query. We educate our clients on how to implement best practices that will save them time and money. By utilizing a client-centric approach, coupled with the latest technology, we help business owners of all sizes properly manage their tax burdens with grace and ease. Our services are designed to drastically reduce the time and effort required to complete your taxes. Which means more time for you to focus on things that matter most.