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FAQs
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What is a tax coach?
A tax coach is a specialized expert who optimizes your tax strategy, helps you navigate complex tax laws, and uncovers opportunities for deductions and credits that you might have overlooked. They're trained to assist individuals and businesses in minimizing tax liabilities while maximizing financial benefits.
Should I hire someone to do my taxes?
Absolutely! Hiring a professional to handle your taxes can provide peace of mind and ensure accuracy in your filings. Tax professionals can catch things someone who needs to be trained in finance can easily miss. It’s easy to think you can DIY your taxes, but unless you have a background in finance, you’re most likely going to miss something that can save you money as well as legal trouble. Tax laws are intricate, and having a qualified expert on your side can help you avoid costly mistakes while potentially maximizing your refunds or minimizing liabilities.
How much does it cost to hire a tax professional?
It depends on your situation and the service you book. Generally, you can expect to pay a reasonable fee that reflects the expertise and personalized attention you receive. You can check our starting prices here.
Is business coaching tax deductible?
While the direct cost of coaching may not always be tax deductible, expenses related to improving and developing your business, including coaching services, qualify as deductible business expenses. You can consult with us to see what you can deduct or not!
Are advisory fees tax deductible?
Advisory fees can be tax deductible under certain circumstances, particularly if they are related to investment or business activities. Deductibility may vary depending on the nature of the advisory services and applicable tax regulations. This is why hiring a tax professional is crucial!
Why hire a tax professional?
Hiring a tax professional gives endless benefits, and while we can’t list them all, a few include expertise in navigating complex tax laws (tax laws are super tricky), ensuring compliance with regulations, and maximizing your savings. A tax professional can provide guidance tailored to your financial situation, helping you make informed decisions and avoid costly mistakes while ensuring accuracy and efficiency in your tax filings. Simply put, we’ll look at YOUR life and help you make the best financial decisions possible based on how you like to live!