There are hundred of ways to file your tax returns. You can file with a CPA. You can have a Tax Accountant or have a Tax Preparer file your tax return. You could also file your taxes online (DO IT YOURSELF option) with a tax software vendor such Turbotax, TaxAct, H & R Block, TaxSlayer, Jackson Hewitt or even Liberty Tax. Then there is the FREE FILING options. Your options are humongous. Both H & R Block and Jackson Hewitt offer in-person store service. That’s all good.
Here is why you should file with us
We promise to diligently handle your tax return with CARE as if it is OURS.
We promise to Get You Maximum Refund Possible – To do this, we will fight to get you ever deductions and credits you deserve
100% Accurate Calculations – Our calculations are 100% accurate on your tax return, or we’ll pay any IRS penalties.
Optional: We may require a Zoom Meeting, Google Meets or a Microsoft Teams meeting to verify and complete your tax return.
Ok. So, you ask what a tax accountant is. The short answer, a Tax Accountant is someone who has been train in preparing income tax returns and is an Accountant. Thus, the term Tax Accountant refer to someone that specialize in the tax laws, rules, and regulations.
Ideally, a Tax Accountant training must include any of the following.
However, a Tax Accountant must know tax laws as well as General Accepted Accounting Principles (GAAP). Sixty percent (60%) of tax filing deals with tax laws and the other forty percent (40%) deals with accounting.
So then, a Tax Accounting is someone with adequate knowledge of tax laws as well as General Accepted Accounting Principles. These two qualities are not mutually exclusive.
Filing Uber Driver’s Taxes Is Not As Easy As You Think
As a Uber Driver, you are technically Self-Employed or an Independent Contractor. Under California Laws (AB5) known as the gig workers law, employers are to classify you as an employee. Nevertheless, if you received a 1099-K or 1099-MISC or a 1099-NEC, the IRS classify you as self-employed. Meaning you would have to prepare your tax return showing your business Income (1099) and Expenses (Schedule C).
So you say to yourself this is easy, right? Uber have provided me with a annual statement that tell me my monthly income, mileage drove, etc. etc. etc. This sounds good, right? Nope. The record keeping is incomplete.
Turbotax tells you it easy, sign up and do your taxes or get Expert help. That also sounds good, Right?
Nope. Here is why. You need to speak with the Tax Expert to guide him or her as to your expenses for the year. The Tax Expert will also need to sometimes see the physical copy of the document that make up the expense so as to categorize that expense.
At PREMIER Financial Tax & Accounting Services dba Friendly Tax Services, we can help you with this.
That is what we do. WE ARE EXPERTS.