CPA Services in Honolulu

Downtown Honolulu, HI, view from Punch Bowl.
Downtown Honolulu, HI, view from Punch Bowl. (Photo credit: Wikipedia)

If you live in Hawaii, you’re truly living the high life. The soothing effects of the sea breeze will have a calming effect on the soul, and there’s something about the flora and fauna that transport you to another world. Hawaii is the perfect mash-up of rising industry and natural beauty. You may think that it’d be difficult to hold stress in a place that so many people vacation to for escape, but it’s still possible, especially when it comes to financial woes.

Tax time can be particularly stressful, and if you’re self-employed you may be at a loss of where to begin. That’s why professional services are available. They’ll provide the help you need to get the ball rolling right so that the hard part is behind you. One option is CPA Honolulu at Yuda.com. You can contact them online or over the phone for a consultation. They specialize in not only tax preparation, but accounting and consultation for blossoming businesses. Perhaps you’ve got an idea for your own business that you’ve been itching to start, and yet you’re not really sure what the best choices are moving forward. Hawaii is an excellent place for commerce. Tourism prompts a great deal of opportunity, and with the help of a certified public accounting firm, you can get all the advice you require to make your dreams come true. You can also get advice on investment opportunities as well. The last thing you want to do is invest in a venture that won’t get off the ground, and these professional services assist.

The Benefits Of Using TurboTax To File Your Taxes

Using TurboTax 2013 To File Your Taxes

If you have never used Turbo Tax before, you need to consider filing your taxes with this computer program this year. The old methods of tax preparation are quickly becoming archaic. Computers have revolutionized the process, and TurboTax 2013 is leading the way with a number of different advantages.

turbotax
turbotax (Photo credit: davidking)

You Can E-File
One of the main benefits of Turbo Tax is that you can e-file your paperwork when you get done. Say goodbye to stamps, envelopes, and getting your documents back because you didn’t use enough postage. With TurboTax 2013, you could do your taxes on the last possible day and still submit them on time with fast, electronic delivery.

Saving Money
On top of that, Turbo Tax will save you a fair bit of money if you have been going to a CPA. Maybe you have been willing to part with your money because you did not study tax law and you don’t want to make a mistake. TurboTax 2013 makes it easy for anyone to do their taxes, regardless of their background, so you can eliminate those annoying CPA fees.

An Easy, Question-Based System
Turbo Tax uses a system of questions to get the right information from you. These questions are much easier to understand than the legal jargon that is found on standard tax papers. TurboTax 2013 was made for the general public, so you do not have to do any research to use it. Just answer the questions and your paperwork will be filled out for you.

Saving Your Work
You can also save your work with Turbo Tax. Maybe you only have an hour to spare, but you want to get started. You don’t have to do it all in one sitting. With TurboTax 2013, you could work on it for a half an hour each day if that is what you wanted to do. This allows you to spread the work out so that your taxes do not seem quite so daunting. You can fit the work into your busy schedule.

Importing Old Data
If you have used a different version of Turbo Tax before, and you kept your return, you may be able to import the data from that return. This can save you quite a bit of time. If your personal information is the same, just import it into TurboTax 2013 in seconds to get started.

The Industry Leader
As you can see, Turbo Tax gives you a new way to do your taxes that you will love. If you have struggled with other software programs or if you have been afraid to try them, give TurboTax 2013 a shot this year, and you will see why it is the industry leader.

Hiring an Accountant: Questions You Need to Ask

When you’re running your own business, finding the right accountant is imperative. Many people think they can cut costs by managing their finances themselves but this can be risky, as any mistakes can severely affect your business. A proficient accountant doesn’t merely fill out your tax return; they should also offer you sound business advice. That’s why you need to ask the right questions at the very beginning of the hiring process. You need to find out if the CPA has your best interests at heart and if they will offer you more than just doing the paperwork. To help you determine if they’re right for you, here are four important questions to ask.

1. Do I trust them?

This is possibly the most important question because if you don’t, you should probably head for the door! You need to feel comfortable with your accountant, as they’ll be handling something very personal and absolutely vital: your finances. According to sme-blog.com, you should always trust your instincts. An accountant should be an advisor and any sign of being pushy should be a warning. If you have any doubts, you can always ask about their CPA credidentials and licenses, then double check online or with the relevant licencing authorities.

2. Will they show me how to make money?

This is the next most important question. According to BusinessSuccessforLife.com, an accountant should help you reduce expenses and minimise tax, but they should also be able to tell you how to maximise profits and personal wealth. When it comes to business planning, they should be able to think out of the box and offer ways for you to be financially efficient.

3. How much am I going to pay?

Accountants certainly don’t come cheap, but you can avoid a few nasty surprises on their invoice by seeking clarification upfront. According to btkcpa.com, some accountants charge by the hour, some want an overall total payment and others use a combination of both. You also need to find out if they charge for things like phone calls and sending faxes. The more unscrupulous kind will charge an hour’s fee for a five minute phone call. Accounting firm btkcpa.com suggests that in order to reduce fees, you should ask your CPA if you can prepare documents beforehand, as this will save time and money.

4. Will I be dealing with one person?

It’s good to build a solid, long-term relationship with your accountant, so you need to know if you’ll be dealing mainly with them or with multiple people. Larger firms tend to assign a number of people to fill out your tax returns, but btkcpa.com says that, ideally, you just want to deal with one person.

The two of you should work in tandem, with the accountant primarily assisting you to make the best financial decisions while building a good relationship along the way. When you’re hiring an accountant, you should keep these important questions in mind. Discussing them with a potential CPA can spare you many hassles further down the line.

Ang Lloyd writes on behalf of Now Learning, an online education portal that promotes a diverse range of study options in Australia, including business management and accounting courses.