Filing taxes can be quite overwhelming for individuals and businesses alike. It often feels like navigating a maze without a clear direction when dealing with tax laws, deductions, and credits. That is where the expertise of a Certified Public Accountant (CPA) becomes invaluable. As a financial advisor, I am an advocate of clients collaborating with a CPA when it comes to filing taxes.

One of the benefits of partnering with a CPA is their extensive knowledge and understanding of tax regulations. CPAs undergo training and must pass comprehensive exams to earn their certification. By staying updated on revisions and modifications in tax codes, CPAs can assist clients in maximizing deductions, minimizing tax liabilities, and ensuring compliance with applicable laws.

Moreover, CPAs can provide personalized tax planning strategies tailored to each client’s financial circumstances. Whether it involves optimizing retirement contributions, structuring investments for tax efficiency, or strategizing charitable giving, a CPA can offer invaluable insights and guidance to help clients achieve their financial goals while keeping their tax burdens at bay.

Collaborating with a CPA also brings peace of mind and confidence in the accuracy of your tax filings. They are dedicated professionals who follow standards and ethical guidelines to facilitate accurate tax return preparation and timely filing. This can alleviate the stress often associated with tax season allowing clients to focus on other important aspects of their lives or businesses.

 To sum it up, collaborating with a CPA brings benefits when it comes to filing taxes and managing your finances. Remember, there are CPAs that work as generalists and some that focus on a specific niche. Ask friends and/or other trusted advisors for referrals and make sure to interview several candidates in order to find the best match for you.

Best of luck during this year’s tax season!

Masa Yamazaki, CPWA® CEPA® CDFA® is a Principal at Oxler Private Wealth®, an independent, family-owned and operated wealth advisory firm in Rye Brook and Manhattan, offering financial care to women and families. For a complimentary, no-pressure conversation, call (212) 785-2860 or visit www.oxlerpw.com. Oxler Private Wealth is an SEC-Registered Investment Adviser. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Oxler Private Wealth does not provide tax or legal advice.