With the modern era came the trend of an application for everything. From purchasing to bookkeeping, it seems like everything can be done on the computer without speaking to anybody. But that doesn’t mean that you should use an app when it comes to filing your tax returns.
Tax programs are often easy-to-use and minimalistic. They take a lot of the pressure out of accounting and bookkeeping, and let business owners and individuals take control of their taxes. They provide many benefits, like management of cash flow, tracking revenue, and issuing invoices. They are powerful, but, ultimately, accounting and tax apps are only a tool; their power lies in the software user. Business owners are not expected to know everything about the tax code, so their usage of accounting tools may be limited.
Accounting programs are great for simple calculations and bookkeeping, but they are no match for the complicated world of taxation. Accountants spend years gathering expertise and are able to provide specific, reliable, and relevant advice to a client. They can tailor their work to suit each individual client and give guidance that an accounting program could not provide. In the world of taxes, one can assume that software can give you all the benefits and reliefs you are entitled to, but the software can only do what it is programmed to do. It may not give you everything you are entitled to, only what claims you look for.
“Software can give you all the benefits and reliefs you are entitled to, but the it can only do what it is programmed to do.”
A software program can give you a list of rules and regulations to follow, but it cannot guarantee compliance nor can it explain the rules in a way that is applicable to your specific situation, whereas an accountant can. Accountants protect you from the HMRC, and can be held accountable in the case mistakes are made.
In the end, it is always a comfort to know that you have someone you can call and talk to instantly when you have a tax question, instead of waiting in line on a call centre. Online services allow you to be independent, but independence is not always best. Feel free to reach out, and we will find you the perfect tax specialist today!