A CPA reveals the top indicator that you should hire someone else to handle your taxes.

Filing taxes can be a tedious task, but it's sometimes beneficial to hire a professional to ensure accuracy. With numerous DIY options available, determining when to seek expert assistance can be challenging.

Erica James, a certified public accountant, certified financial planner, and director at Signify Wealth in St. Louis, Missouri, advises that it may be beneficial to pay someone else to handle taxes when receiving money from sources outside of one's primary job, such as selling a home or owning a business.

James advises having a conversation with a tax professional when this starts happening.

Seeking professional assistance for your taxes can help you minimize your current bill and avoid potential audits in the future.

Two scenarios, according to financial specialists, may prompt you to seek assistance from a tax professional.

You started a business or had a side hustle this year

It's crucial to consult with a tax professional after starting a business to determine which expenses can be deducted, as the average individual may not be aware of which expenses can be excluded from income and thus shielded from the government.

A skilled tax expert can aid your company in retaining more of its earnings, according to Maria Castillo Dominguez, a CFP and the founder of Valoria Wealth in Huntington Beach, California.

A tax professional can simplify managing deductions for a business, saving time and money while ensuring accuracy and maximizing deductions.

Notably, the expense of hiring a pro for tax preparation services can be deducted from your business's income, generally costing at least $400.

A tax professional can assist in determining if work-related expenses for freelancers or those with a side hustle are tax-deductible, as the rules can be complex. Jorie Johnson, a CFP and founder of Financial Futures in New Jersey, recommends seeking professional help to navigate these tax breaks.

"It is recommended to seek assistance with your tax return, regardless of age, if you have a side gig or are paid through a 1099, as you do not want to miss any opportunities to reduce your tax liability."

You experienced a life event that involved a major financial transaction

When experiencing a life event that results in money changing hands, it can be beneficial to seek the assistance of a tax pro, especially in cases of inheritance, according to Dominguez.

An inheritance can significantly affect your tax position, as she explains.

Selling a home or personal property can be smoother with the help of a tax professional, according to Ashley Folkes, a CFP and financial planner with Farther.

Navigating the complexities of taxes can be challenging when income from selling a major asset is involved. A professional can assist in maximizing deductions or credits while staying compliant with tax laws, he says.

According to Folkes, investing in expertise can be beneficial when it adds value and fits within your budget.

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