Best CPA

Summary of What This Blog Covers

• A CPA helps reduce IRS penalties and quickly file overdue taxes.
  
  
• Professionals uncover missed deductions and correct past returns.
  
  
• Accurate filings avoid audits and IRS scrutiny.
  
  
• CPAs create payment plans and restore financial clarity.

You missed the deadline. It happens.

Maybe you got caught up in scaling your business, onboarding new clients, or just trying to keep your operations running. Or maybe you genuinely didn’t realize that freelancers, LLCs, or S-Corps still need to file that friendly little IRS Form 1040—or 1120S, or 1065—depending on how you’re structured.

No shame. But the reality is this: the IRS doesn’t wait for a backstory.

When you file late, penalties start. Interest accrues. And eventually, you may find yourself facing notices, liens, or worse, a disruption to your cash flow or credit that impacts your ability to run your business.

But here’s the upside: this isn’t unfixable. Far from it.

This is the moment you bring in a sharp, strategic, legally-minded CPA in Austin, Texas who knows how to clean up late filings, protect your finances, and get you back on solid ground quickly and completely.

Let’s break down exactly why working with a small business CPA in Austin is your smartest move right now.

1. IRS Penalties Don’t Wait But We Can Stop Them in Their Tracks

Here’s what most business owners don’t realize: the IRS penalty for failing to file is not a slap on the wrist. It’s 5% of your unpaid taxes per month, up to 25%. On top of that, you’re charged interest that compounds daily. And if you owe for multiple years? That snowball starts rolling fast.

Think of it like this: every day you wait, your balance grows and your options shrink.

This is where a seasoned CPA near you earns their keep. We know how to:

• Rapidly assess how much you owe across all tax years
  
  
• File delinquent returns accurately and strategically
  
  
• Request first-time penalty abatement or reasonable cause relief if you qualify
  
  
• Set up IRS payment plans or offers in compromise that protect your business cash flow
  
  

And we do it with authority. Because this isn’t just about filing, it’s about representation. A certified public accountant doesn’t just prepare documents, they advocate for your best financial outcome.

2. You’re Probably Missing Deductions And Overpaying Because of It

Filing late doesn’t mean filing light. In fact, one of the worst things you can do is rush the process, skip the details, and leave deductions on the table just to get it over with.

This is especially true for freelancers, consultants, and business owners who pay for everything out of pocket and forget just how much of it qualifies as deductible.

Let’s talk about what your Austin tax accountant can uncover:

• Business mileage for client meetings, events, or conferences
  
  
• Home office deductions (not just rent, but utilities, insurance, and maintenance)
  
  
• Depreciation on laptops, monitors, or office equipment
  
  
• Marketing and advertising costs
  
  
• Professional development like webinars, courses, and certification renewals
  
  
• Subscription services like QuickBooks, Adobe, Dropbox, or industry software
  
  
• Phone and internet (proportional to business use)
  
  

The key is documentation. The IRS won’t accept “I think I spent $3,000 on software.” They want dates, amounts, vendors, and proof.

That’s where working with a tax preparer near you or Austin accounting firm changes everything. We help you reconstruct your financial story, set up simple systems to track it going forward, and ensure you’re never overpaying again.

3. Late Filings Attract Scrutiny, Accuracy Is Non-Negotiable

When you file late, your return may get more attention from the IRS. Especially if it’s been years since your last filing, or if you’re self-employed and file a Schedule C on your 1040 form.

What triggers red flags?

• Reporting income that doesn’t match the W-2, 1099, or third-party platforms like PayPal or Stripe
  
  
• Not declaring short-term capital gains or dividend income from investments
  
  
• Missing FBAR filing if you’ve had foreign accounts over $10,000 at any time
  
  
• Inconsistencies between prior-year deductions and current filings
  
  

That’s why accuracy is everything.

With a reputable CPA in Austin, TX, you’re not filing alone. We triple-check every number, validate all documentation, and make sure your returns are not just complete but defensible. If the IRS comes knocking, you have a licensed professional at your side who knows exactly how the return was built, and how to respond with clarity and authority.

We also prepare returns for non-resident aliens, sole proprietors, LLCs, partnerships, and S-Corps. Whether you’re managing capital gains tax, K-1s, or passthrough income, your return gets tailored to your structure and your goals.

4. Know What You Owe Then Build a Plan That Works

Here’s a truth that paralyzes a lot of late filers: they don’t file because they don’t want to know how much they owe.

But that uncertainty is costing you peace of mind, not to mention financial flexibility. You can’t budget for your future if you’re hiding from the past.

We change that. Here’s what a tax advisor in Austin will give you:

• A full review of every open year you haven’t filed
  
  
• Calculated tax liability with all applicable penalties and interest
  
  
• A payment plan proposal that aligns with your current cash flow
  
  
• A strategic forecast for the next tax year so this doesn’t happen again
  
  

We also help you revisit prior year filings to see if you missed deductions, overpaid, or filed incorrectly. If so, we can submit amended returns to correct and recover what’s yours.

This is your business. You deserve clarity and control.

5. It’s Not Just About Filing, It’s About Reclaiming Your Headspace

Tax stress is real. And when you’re running a business, the last thing you need is a constant, low-level buzz of financial anxiety in the background.

You should be focusing on your next sale, your next hire, your next product launch, not whether the IRS is going to garnish your bank account.

When you bring in a professional tax professional near you, you shift from stress to strategy. We take over:

• All correspondence with the IRS
  
  
• All paperwork (yes, even the confusing IRS letters)
  
  
• All negotiations on payment terms
  
  
• All filing and record reconstruction
  
  

We also help you structure your books, clarify your estimated tax payments, and plan out the next four quarters so your taxes support your growth not stall it.

Late filings are temporary. But a strong financial partner? That’s long-term leverage.

Why Insogna CPA Is the Fix You’ve Been Looking For

At Insogna CPA, we specialize in turning tax messes into tax momentum. We serve freelancers, agencies, creative businesses, consultants, real estate pros, and anyone who’s ever needed a serious tax cleanup without judgment.

Our team includes chartered professional accountants, certified CPAs, and enrolled agents who provide:

• Late and back tax filing services, including years of unfiled returns
  
  
• Tax payment plan negotiation and penalty relief guidance
  
  
• IRS representation so you’re never dealing with the government alone
  
  
• Customized tax planning so you’re never in this situation again
  
  
• Full-service Austin accounting, including bookkeeping, retirement planning, and capital gains analysis
  
  

If you’re searching for a CPA office near you who offers more than just tax prep, you’ve found your team. We don’t just plug in numbers. We solve problems. We protect your business. We prepare you for what’s next.

Let’s Fix This Then Build Something Better

Filing late isn’t ideal. But it’s fixable. And when you work with Insogna CPA, it becomes an opportunity to clean up, catch up, and finally build a system that works for you.

Schedule your free consultation today with one of the top CPA firms in Austin, Texas and let’s move forward strategically, clearly, and without the IRS looming in your rearview mirror.

Because this isn’t just about taxes.

It’s about taking back control of your business.

And that starts now.

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If you’ve ever found yourself Googling, “What does CPA mean?” or “Who is a certified public accountant?”—you’re not alone. These were some of the most searched financial questions. And if you’re a business owner trying to make smart financial decisions without getting lost in accounting lingo, this post is just for you.

So let’s break it down—clearly, confidently, and with the care you deserve.

First things first: What is a CPA?

A CPA (Certified Public Accountant) is more than just an accountant. They’re a licensed, trusted financial professional who’s passed rigorous exams, met extensive education requirements, and stays on top of ever-evolving laws through continuous training. In Texas, CPAs must also follow ethical rules outlined in the Texas Administrative Code—which means you can count on confidentiality, compliance, and care.

Think of a CPA as your financial strategist, compliance expert, and growth coach—all in one.

“Certified” Isn’t Just a Title. It’s a Commitment.

When you hear the term “Certified Public Accountant,” it means that person is licensed by a state board (like the Texas State Board of Public Accountancy). It signals that the individual has passed the CPA Exam (known for being notoriously tough) and continues their education to stay current.

At Insogna CPA, we take this further. Our CPAs don’t just check the boxes—they partner with you proactively. That means no surprise tax bills, no vague answers, and definitely no last-minute panic before deadlines.

What’s the Difference Between an Accountant and a CPA?

While all CPAs are accountants, not all accountants are CPAs.

Here’s a quick analogy: All squares are rectangles, but not all rectangles are squares.

Non-CPA accountants can still provide bookkeeping and general financial services, but they can’t legally represent you before the IRS or sign audit reports. CPAs can. And we do—with strategy, speed, and an eye on your future.

What Does a CPA Actually Do?

Beyond preparing taxes, CPAs help business owners:

• Plan for taxes proactively (instead of reacting after the fact)
• Optimize cash flow and profitability
• Manage payroll, expenses, and growth forecasting
• Stay compliant with federal and state tax laws (so you don’t have to decode IRS speak)

If you’re a small business owner in Austin, Texas—or anywhere in the U.S.—we tailor our CPA services to what matters most: less confusion, more clarity, and reliable support year-round.

Why Should a Business Owner Work with a CPA?

Let’s be real—running a business is hard enough without mystery math, conflicting advice, or surprise fees. That’s why choosing the right CPA firm matters.

At Insogna CPA, we blend:

• High-touch service (like you’re the only client in the room)
• Proactive insights (not just “here’s what happened,” but “here’s what’s next”)
• Team-based expertise (so you get multiple perspectives, not just one)
• Modern tools that simplify—not complicate—your financial picture

This isn’t your dad’s accounting firm. This is clear, caring, concierge-level accounting for business owners who expect more.

Let’s Recap: Common CPA Questions—Answered

What does CPA mean?
Certified Public Accountant—a licensed expert in accounting, tax, and business strategy.

What is a certified accountant public?
Likely a reworded version of the same question! It’s still a CPA.

Who is a certified public accountant?
Someone who’s passed the CPA exam, is licensed by the state, and follows strict ethical standards.

What does it mean to be a certified CPA?
It means that individual is licensed, trusted, and accountable—not just to laws, but to clients.

What is a CPA-certified accountant?
Again, it’s a CPA—qualified, credible, and ready to help your business grow.

What are accounting firms?
Accounting firms are companies that offer financial services such as tax prep, bookkeeping, audits, and advisory. Not all accounting firms are created equal—Insogna CPA, for example, offers a premium, proactive experience built for modern entrepreneurs.

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Summary of What This Blog Covers

• Why forming an LLC or S-Corp can reduce taxes and protect assets.
  
  
• The importance of making timely, accurate quarterly tax payments.
  
  
• How tracking expenses helps freelancers claim valuable deductions.
  
  
• The benefits of retirement planning and year-round CPA support.

Let’s get right into it.

You’ve made the leap. You’re running your own show, juggling clients, scaling your services, and building the kind of business most people only dream about. But here’s something that doesn’t come up in entrepreneurial highlight reels: tax mistakes can quietly chip away at everything you’re building.

Freelancers and consultants often wear every hat: CEO, marketer, project manager, and yes, sometimes accidental CFO. But when it comes to taxes, that DIY mindset can cost you. Big time.

So, let’s walk through five of the most common tax missteps we see independent professionals make and how to fix them with the help of a knowledgeable CPA in Austin, Texas who understands the self-employed grind from all sides.

This isn’t just about filing your taxes on time. It’s about making sure your entire financial structure is working for you not against you.

Mistake 1: Operating Without an LLC or S-Corp

Many freelancers start out as sole proprietors. It’s simple, low-cost, and doesn’t require much paperwork. But here’s the issue: staying a sole prop for too long can be a silent tax killer and a legal risk.

When your business is just you, your personal and business assets are legally indistinguishable. That means if something goes wrong—an unhappy client, a liability claim—your personal savings, home, and assets could be exposed.

Now let’s talk about taxes. As a sole proprietor, all your net profit is subject to self-employment tax (Social Security and Medicare), currently at 15.3%. That adds up fast.

Setting up an LLC creates legal separation. But if you take it a step further and elect to have that LLC taxed as an S-Corp, you can start reducing that tax liability significantly. By paying yourself a reasonable salary and taking the rest as distributions (which aren’t subject to self-employment tax), you retain more of your hard-earned income.

An experienced small business CPA in Austin will walk you through:

• The pros and cons of each structure
  
  
• Your break-even point for S-Corp savings (often around $80K–$100K in net income)
  
  
• How to set up payroll, file quarterly returns, and stay IRS-compliant
  
  

This isn’t about gaming the system. It’s about making the system work smarter for your business and your long-term goals.

Mistake 2: Skipping or Underpaying Estimated Taxes

Let’s be clear: if you’re self-employed and making money, the IRS wants a piece of it four times a year.

Unlike traditional employees, who have taxes withheld from their paychecks, freelancers and consultants must pay estimated taxes in April, June, September, and January. And these aren’t suggestions, they’re required.

Many freelancers either miss these payments or underpay, not realizing the IRS assesses penalties for underpayment even if you settle up at the end of the year.

A CPA in Austin, TX will help you:

• Calculate accurate quarterly payments based on your year-to-date income
  
  
• Adjust estimates if your revenue fluctuates significantly
  
  
• Create a plan to withhold funds from each payment (yes, even the fun ones)
  
  

And perhaps most importantly, they’ll help you avoid the gut-punch of an unexpected April tax bill. With clear, up-to-date forecasting, a certified public accountant near you ensures you’re paying exactly what you owe—no more, no less.

Mistake 3: Overlooking Deductions You Deserve

Here’s a fact: the tax code is full of deductions designed for self-employed professionals. But if you’re not tracking expenses or if you don’t know what qualifies, you’re leaving money on the table.

Let’s list just a few common deductions freelancers miss:

• Home office space (even if it’s just a portion of a room)
  
  
• Business use of your personal vehicle (mileage, maintenance)
  
  
• Software subscriptions and licenses
  
  
• Contract labor (think: virtual assistants, graphic designers)
  
  
• Office supplies, postage, and shipping
  
  
• Marketing and advertising costs
  
  
• Business meals (within limits)
  
  
• Internet and cell phone use (business-related portion)
  
  

The catch? You need documentation. Receipts, mileage logs, bank records—it all matters in the eyes of the IRS.

This is where a skilled Austin tax accountant or tax consultant near you becomes invaluable. They’ll help you identify deductions you may not be claiming, organize your records, and even automate your expense tracking with modern tools.

Better still, many Austin accounting firms offer integrated bookkeeping services—meaning you get real-time visibility into your income, expenses, and net profit, all with audit-ready compliance.

Mistake 4: Not Using a Tax-Advantaged Retirement Plan

You’re your own boss but that doesn’t mean you have to skip the retirement plan. In fact, you’ve got more options than the average employee.

A traditional W-2 worker might max out their 401(k) with a company match. But as a freelancer, you can contribute to:

• SEP IRA – Up to 25% of compensation or $69,000 (for 2025)
• Solo 401(k) – Offers both employee and employer contributions, with a combined limit of $69,000 (or $76,500 if age 50 or older, including catch-up contributions) for 2025
• SIMPLE IRA – A good option if you plan to expand and hire team members; employee deferral limit is $17,000 (plus $3,500 catch-up if age 50+) in 2025

Each plan has its own rules, contribution limits, and benefits. A sharp tax advisor in Austin helps you select the right plan for your income level and retirement timeline while helping you reduce your taxable income right now.

Remember, retirement contributions are one of the last legal tax shelters available. And the earlier you start, the more your money compounds.

A proactive Austin small business accountant will also ensure your contributions are recorded properly, integrated into your tax filings, and optimized for both current and future savings.

Mistake 5: Only Working with an Accountant During Tax Season

This might be the most dangerous mistake of all.

If your accountant disappears after April 15 and resurfaces next spring, you’re not getting a real tax partner. You’re just buying a filing service.

The best CPA firms in Austin, Texas offer year-round tax planning. That includes:

• Quarterly strategy sessions
  
  
• Year-end planning to time deductions or purchases
  
  
• Real-time updates on tax law changes
  
  
• Guidance on business decisions that affect taxes (buying equipment, hiring, launching new services)
  
  

And if you have international income or foreign bank accounts, they’ll also ensure you’re compliant with FBAR filing and other reporting requirements most freelancers don’t realize exist.

When you build an ongoing relationship with a certified CPA near you, you’re no longer reacting to tax problems, you’re preventing them.

You’re no longer playing catch-up, you’re playing offense.

Your Next Step: Build a Smarter Tax Strategy with a Real Partner

You work hard. You’re building something real, something sustainable. Your taxes shouldn’t hold you back, they should support your progress.

That’s what we do at Insogna CPA. We partner with freelancers, consultants, and independent professionals to help them:

• Select the right business structure (LLC, S-Corp, etc.)
  
  
• Pay quarterly taxes on time and with confidence
  
  
• Maximize deductions without increasing audit risk
  
  
• Plan for retirement while reducing tax liability
  
  
• Receive year-round support not just a once-a-year tax prep
  
  

We’re more than just tax preparers. We’re your CPA Austin experts, strategic advisors, and business allies. Whether you’re seeking a tax professional near you or an entire Austin accounting service, we tailor our approach to you.

Our team includes certified public accountants, enrolled agents, and experienced advisors—all aligned with your mission: grow your business, keep more of your income, and build lasting wealth.

Book Your Free Consultation Today

If you’re tired of Googling “tax services near you” or wondering if you’re doing everything right, let’s stop the guesswork.

Schedule your free consultation with Insogna CPA today. Whether you need help cleaning up past mistakes, optimizing your current setup, or planning your next move, we’re here to help.

You didn’t go into business to become a tax expert. That’s our job.

Let us handle the numbers so you can focus on doing what you do best.

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Summary of What This Blog Covers

• Learn how to avoid capital gains tax using the $250K/$500K home sale exclusion.
  
  
• Discover which home improvements can reduce your taxable gain.
  
  
• Understand how divorce affects home sale taxes and exclusion limits.
  
  
• Get tips for avoiding surprises from rentals, business use, or foreign accounts.

If you’re getting ready to sell your home—whether to upgrade, downsize, relocate, or simply move on—you might be expecting a smooth and celebratory experience. And it should feel that way.

But if you don’t handle the sale correctly from a tax perspective, that joy can be quickly overshadowed by an unexpected IRS bill. The equity you’ve spent years building could be reduced by a capital gains tax if you’re not careful and in some cases, significantly so.

At Insogna CPA, we’ve worked with countless homeowners, entrepreneurs, and real estate investors across the country, especially here in Austin, Texas, helping them sell with clarity and strategy. Our goal? To keep their money in their hands and to help them understand the tax implications of one of life’s biggest financial transactions.

Let’s dive into the strategies, details, and insights that can protect your wealth and turn your home sale into a true financial win.

Why You Could Owe Taxes When Selling a Home

When you sell your home, the IRS is going to look closely at how much money you made on that sale. This is referred to as your capital gain, the profit you make after subtracting your purchase price and other eligible costs from your sale price.

Here’s the basic formula:

Capital Gain = Sale Price – (Purchase Price + Cost of Improvements + Selling Expenses)

If that number is significant, the IRS may consider it taxable income unless you qualify for the home sale exclusion.

And if you’ve owned your home for more than a year, it falls into the long-term capital gains category. This is usually taxed at 0%, 15%, or 20%, depending on your income. For high-income earners, a 3.8% Net Investment Income Tax (NIIT) may also apply. This is where the tax bill can grow quietly and quickly.

The Capital Gains Tax Exclusion: What It Is and Who Qualifies

The good news? The IRS does offer a very generous exclusion for homeowners who meet specific criteria.

If the home you’re selling is your primary residence, and you meet the timing requirements, you may be able to exclude:

• Up to $250,000 of capital gain from taxes if you are a single filer
  
  
• Up to $500,000 if you are married and filing jointly
  
  

This means that if your gain is within those limits, you may not owe a penny in federal capital gains tax. However, you must pass three key tests to qualify for this exclusion:

1. Ownership Test

You must have owned the home for at least two years in the five years leading up to the date of sale.

2. Use Test

You must have lived in the home as your primary residence for at least two of those five years.

3. Frequency Test

You haven’t used the exclusion on another home sale in the last two years.

If you meet all three, you’re eligible. If you don’t, there are partial exclusions available under certain circumstances like job relocation, health issues, or unforeseen hardship. A knowledgeable tax preparer or CPA in Austin, Texas can help determine your eligibility in more complex cases.

What Happens If Your Gain Exceeds the Exclusion?

Let’s say you’re married and sold your Austin home for $950,000 after buying it for $400,000. That’s a $550,000 gain. You can exclude up to $500,000, but the remaining $50,000 is taxable as a long-term capital gain.

If you’re in a higher tax bracket, that $50,000 could be taxed at 20%, plus the 3.8% NIIT, bringing your total tax liability on that amount to as much as $11,900.

This is why tax strategy matters. Timing the sale for a lower-income year or reinvesting proceeds strategically could potentially reduce or even eliminate that burden.

How Home Improvements Can Reduce Your Tax Liability

Here’s something many homeowners don’t realize: you can increase your cost basis and reduce your taxable gain by adding the value of certain home improvements.

But not all upgrades qualify. Only those that materially add to the value, extend the life, or adapt the home to new uses can be included in your cost basis.

Qualifying Improvements Include:

• Complete kitchen or bathroom remodels
  
  
• Roof replacement or new HVAC systems
  
  
• Room additions or basement finishes
  
  
• Adding energy-efficient windows or solar panels
  
  
• Constructing a deck, patio, or garage
  
  
• Installing accessibility features such as wheelchair ramps
  
  

These upgrades help raise your adjusted basis and reduce your gain.

What Doesn’t Count:

Routine maintenance like painting, landscaping, or replacing broken fixtures usually does not qualify. Those are considered normal upkeep.

Real Example:

If you bought your home for $400,000 and invested $60,000 in capital improvements, your new adjusted basis is $460,000. If you sell for $850,000, your gain is now $390,000 not $450,000 and you may fully avoid any capital gains tax if you qualify for the exclusion.

Be sure to keep meticulous records: invoices, contracts, receipts, permits, and even before-and-after photos. The IRS requires documentation if you’re audited, and your memory won’t cut it.

How Divorce Affects Home Sale Taxes

Divorce changes the tax equation significantly, especially if real estate is involved. Here are the most common scenarios:

Selling Before the Divorce is Final

If you and your spouse sell the home while still married and filing jointly, you’re eligible for the full $500,000 exclusion. That’s often the most tax-efficient option.

Selling After Divorce

If only one person keeps the house and later sells it, the maximum exclusion drops to $250,000 for that individual. This can mean much more of the gain is subject to tax if the market continues to appreciate.

Transferring the Home During Divorce

A home can be transferred from one spouse to the other as part of the divorce settlement without triggering capital gains tax. However, the spouse who receives it also takes over the original cost basis, which could lead to a much larger taxable gain in the future.

Working with a tax accountant in Austin, Texas who specializes in divorce-related planning is critical. These decisions carry long-term consequences.

What if the Home Was a Rental or Business Property?

If you ever rented out the home or used part of it for business, the exclusion rules still apply but with limitations.

For example:

• If part of the home was used as a home office, that portion may not be eligible for the capital gains exclusion.
  
  
• Any depreciation taken on the property (while it was a rental) must be recaptured and taxed when you sell.
  
  

A certified CPA or tax advisor near you can help allocate these costs correctly and help you minimize depreciation recapture.

Other Tax Considerations: State Taxes, FBAR, and More

State Taxes

Many states, including Texas, do not charge capital gains tax on personal property. However, if you are moving from or selling a property in a state that does like California or New York, you’ll want to factor in state-level taxes.

FBAR and Foreign Assets

If the proceeds from your sale move into a foreign bank account and the total exceeds $10,000 at any point during the year, you may have to file an FBAR (Foreign Bank Account Report). Failing to file comes with steep penalties.

This is where working with a taxation accountant or enrolled agent who understands international compliance is crucial.

Your Pre-Sale Tax Strategy Checklist

Before you list your home, make sure you’ve covered all your bases:

1. Confirm your eligibility for the capital gains tax exclusion
   
   
2. Calculate your projected gain using real numbers
   
   
3. Identify and document all qualifying improvements
   
   
4. Understand your income level and tax bracket
   
   
5. Plan the timing of the sale for optimal tax treatment
   
   
6. Review implications of shared ownership or divorce
   
   
7. Determine if any business or rental use affects your exclusion
   
   
8. Consult with a trusted CPA firm in Austin, Texas
   
   
9. Avoid relying solely on DIY tax software or online calculators
   
   
10. Create a tax strategy plan that aligns with your larger financial goals
    
    

Why Proactive Planning Matters

Waiting until tax season to think about this is like trying to install a seatbelt after the crash. Once the sale is done, your options become far more limited.

At Insogna CPA, we believe in anticipatory service. That means we guide you before major transactions, helping you make decisions that optimize tax outcomes while aligning with your personal and business vision.

Final Thoughts: Selling a Home Should Build Wealth, Not Trigger Regret

You’ve worked hard for your equity. You’ve put love, time, and resources into your home. You deserve to walk away from your sale empowered, not penalized.

By partnering with a knowledgeable Austin CPA firm, you can reduce your stress, avoid costly mistakes, and make the most of the opportunity.

Our team at Insogna CPA doesn’t just file returns. We provide tax help, strategic guidance, and the kind of white-glove service that makes you feel like you’re more than just a number. Because you are.

Let’s Make Your Next Move a Strategic One

If you’re preparing to sell your home or even just starting to think about it, now is the perfect time to start the conversation.

Contact Insogna CPA today for a personal consultation with a certified CPA in Austin, Texas. We’ll help you create a smart, simple, and fully compliant tax plan for your home sale so you walk away with confidence, clarity, and more money in your pocket.

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Summary of What This Blog Covers

• Identifies 10 key questions to ask before hiring a CPA for your business.
  
  
• Explains why industry experience and year-round support are essential.
  
  
• Highlights the value of proactive tax strategy and clear communication.
  
  
• Encourages choosing a CPA who supports long-term business growth.
  
  

So here you are, staring down your growing business with pride and, let’s be honest, just a touch of overwhelm. You’ve outgrown the DIY spreadsheets. Your taxes now include clients in multiple states, contractors, maybe even rental property or eCommerce sales. It’s no longer just about keeping the lights on. It’s about growth, compliance, and smart money moves.

Which means one thing: it’s time to find the right CPA in Austin, Texas.

But how do you choose? How do you know you’re not just picking someone who’ll file a return once a year and ghost you when tax laws shift?

You ask the right questions before you sign, before you share a single financial statement, before you hand off the keys to your financial kingdom. These 10 questions aren’t just for vetting credentials; they’re about finding a tax professional near you who becomes a true strategic partner.

1. Do You Have Experience with Businesses Like Mine?

This question should always be your opener. You don’t need a generalist. You need a small business CPA in Austin who understands your industry, revenue model, and tax challenges.

For example, a digital agency’s needs differ from a real estate investor’s. A tech startup raising capital needs different planning than a family-owned construction firm. If your CPA isn’t familiar with your business type, you’ll spend valuable time explaining the basics instead of planning your next move.

Ask them what industries they serve most, what common tax strategies they use for businesses like yours, and how they stay updated on trends specific to your field.

2. How Do You Help Clients Beyond Tax Filing?

Filing your taxes is important but it’s reactive. The real value in a certified CPA near you comes from the proactive services: tax planning, forecasting, budgeting, and helping you navigate the big decisions that affect your financial future.

Do they review your books quarterly? Offer tax strategy sessions? Send reminders for estimated payments? A reliable CPA office near you should act like a business advisor not a seasonal vendor.

They should also integrate with your systems. If you’re using tools like QuickBooks, Gusto, or Shopify, they should be comfortable pulling data directly from those platforms to analyze trends and offer guidance.

3. What Tax Strategies Do You Offer to Lower My Tax Bill?

It’s one thing to file your return accurately. It’s another to actively reduce your tax liability legally and strategically.

A top-tier tax accountant near you should be able to walk you through real strategies, including:

• Choosing the right entity (LLC vs. S Corp)
  
  
• Timing income and expenses
  
  
• Structuring owner compensation for tax efficiency
  
  
• Leveraging depreciation schedules
  
  
• Utilizing business retirement plans (like SEP IRAs or Solo 401(k)s)
  
  
• Tax credits for R&D, hiring, or energy improvements
  
  

Many tax preparation services near you don’t go this far. You want someone who not only knows the rules but helps you use them to your advantage.

4. How Do You Structure Your Pricing?

Let’s be candid. Surprise invoices erode trust. A good Austin accounting firm will explain their pricing model clearly.

Ask whether they bill hourly or offer fixed-fee packages. Fixed-fee pricing is often more beneficial because it encourages frequent communication. You won’t hesitate to reach out when a big decision is looming if you know you’re not being billed by the minute.

Clarify what’s included. Bookkeeping? Advisory sessions? IRS correspondence? And what might cost extra.

5. Will You Help Me with Estimated Tax Payments?

As a business owner, you’re required to pay taxes quarterly: April, June, September, and January. Get it wrong, and the IRS may assess penalties, even if you pay in full at year-end.

A solid CPA in Austin, TX tracks your earnings throughout the year and adjusts your quarterly payments accordingly. They ensure your calculations are current with your business’s growth, keeping you in the IRS’s good graces.

They should also be explaining why your estimate changed, helping you understand how to project cash flow and avoid shortfalls.

6. Do You Offer Bookkeeping or CFO Services?

As your business grows, tax returns alone won’t cut it. You’ll need clarity on month-to-month revenue, margins, and long-term forecasts.

That’s where full-service CPA firms in Austin, Texas come in. They can handle your bookkeeping, process payroll, and even act as your outsourced CFO. Developing budgets, reviewing financial performance, and advising on major purchases or funding rounds.

Ask what systems they use, how often they reconcile accounts, and whether they provide monthly reporting and dashboards.

7. How Do You Communicate with Clients?

If your CPA disappears for ten months and resurfaces during tax season, that’s a problem.

You need a responsive, relationship-driven CPA near you. Ask how they handle communication. Will you have a point of contact? How quickly do they return emails or calls? Do they offer virtual meetings or use client portals for secure document sharing?

Great communication builds trust and helps prevent problems before they escalate.

8. How Do You Stay Updated on Tax Law Changes?

Tax law is constantly evolving. Just in the last few years, we’ve seen changes to depreciation limits, mileage deductions, meals rules, and digital payment thresholds.

A strong certified public accountant near you should monitor legislative updates, attend continuing education, and proactively alert you to changes that affect your business.

Bonus: If you have foreign accounts or receive international payments, your CPA should be well-versed in FBAR filing requirements. Missing those reports can mean serious penalties even if the oversight is unintentional.

9. Can You Help Me Scale My Business Financially?

Your accountant should grow with your business. That means helping you:

• Identify profitability bottlenecks
  
  
• Monitor cash flow
  
  
• Plan capital investments
  
  
• Build a hiring and compensation strategy
  
  
• Understand your break-even point
  
  
• Advise on expansion or mergers
  
  

You don’t just need a tax preparer near you. You need a financial guide who helps you turn business data into smart decisions. Ask them how they’ve helped other clients scale, what tools they use for financial modeling, and what scaling strategies they recommend for your size and industry.

10. What Makes Your Firm Different from Others?

Finally, ask the human question: why this firm?

What do they believe about client relationships? What’s their turnaround time? How do they prioritize client success? Do they offer a one-size-fits-all package, or will they tailor services to your goals?

The best Austin CPA firms combine technical excellence with a client-first mentality. They listen, explain, guide, and anticipate. They don’t just prepare taxes, they prepare you to succeed.

Why Insogna CPA Might Be the Right Fit for You

At Insogna CPA, we bring technical precision, real-world strategy, and human partnership to the table. We serve business owners who want more than just compliance. They want a team that anticipates, advises, and elevates their business year-round.

Our team of chartered professional accountants, enrolled agents, and experienced business advisors offers:

• Transparent, flat-fee pricing
  
  
• Monthly bookkeeping and payroll support
  
  
• Full-scope tax preparation services near you
  
  
• Year-round tax planning with proactive check-ins
  
  
• IRS correspondence and audit support
  
  
• Strategic guidance for business scaling, funding, and optimization
  
  

Whether you’re searching for a licensed CPA, a tax accountant near you, or someone to help with everything from FBAR filing to profitability forecasting, we’ve got the experience and commitment to guide you.

Let’s Make This the Year You Stop Guessing

Taxes shouldn’t be a once-a-year scramble. They should be part of your long-term business strategy.

If you’ve outgrown your current CPA or if you’ve never had one, it’s time to stop settling for transactional service. Get the year-round support, insight, and partnership you deserve.

Book your free consultation today with Insogna CPA. Let’s talk about your goals, your challenges, and how we can help you build smarter, grow faster, and sleep easier during tax season and beyond.

Because the right CPA doesn’t just file your taxes, they help you become the kind of business owner who knows exactly where every dollar is going and why it’s working.

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Summary of What This Blog Covers

• DIY tax filing is fine for simple W-2 income with no business or investments.
  
  
• A CPA is essential if you’re self-employed, own property, or have complex finances.
  
  
• CPAs provide proactive tax planning and year-round financial strategy.
  
  
• DIY mistakes can lead to audits meanwhile CPAs help avoid costly errors.

Here’s the scenario: You’ve launched your business, brought in some solid revenue, maybe even hired a contractor or two. You’re proud of what you’ve built and you should be. Then comes tax season, and you’re sitting at your laptop, juggling 1099s, QuickBooks reports, and that blinking cursor asking for your Social Security number.

You pause.

“Can I do my own taxes this year?” you ask yourself. “Or do I need to find a tax preparer near me?”

It’s a fair question. You’ve always been a do-it-yourself kind of person—scrappy, resourceful, curious. But taxes aren’t the same as building a website or designing a logo. This isn’t something you can afford to get almost right.

Let’s walk through this together, just like we would if we were sitting across the table at Jo’s Coffee in Austin, breaking down what’s smart, what’s risky, and where a CPA in Austin, Texas might make the difference between a stressful April and a strategic financial year.

The DIY Approach: What It Promises and What It Leaves Out

Let’s start with the appeal of DIY. It’s easy to see why entrepreneurs are tempted. Tax software platforms like TurboTax or H&R Block Online promise a smooth ride:

• They’re affordable, often free for simple filings.
  
  
• They claim to walk you through each step.
  
  
• They auto-import data from last year.
  
  

For someone with one W-2, no dependents, and no side income, this might be all you need.

But what the software doesn’t always advertise is that you’re still on the hook. If you make an error even one you didn’t realize, you’re liable. Not the software. You.

Consider these common traps:

• Misreporting business income or expenses
  
  
• Missing out on deductions like home office or vehicle use
  
  
• Forgetting to pay self-employment tax
  
  
• Incorrectly handling stock gains or cryptocurrency
  
  
• Overstating charitable deductions
  
  
• Failing to file FBAR for foreign accounts
  
  

All of these can lead to costly errors, IRS penalties, or red flags that trigger audits. DIY tax tools don’t warn you until it’s too late.

When DIY Can Actually Work (But Only Sometimes)

Now, to be fair, there are times when doing your own taxes is absolutely fine. Here’s a rough rule of thumb:

DIY might work if:

• You only have W-2 income from one employer
  
  
• You don’t own a business, rental property, or foreign assets
  
  
• You’re single with no dependents or itemized deductions
  
  
• You’re comfortable navigating tax forms and reading IRS instructions
  
  
• You don’t expect any strategic tax planning, just basic compliance
  
  

If all that’s true? Go for it. Use your preferred online platform, file early, and move on. But even then, keep in mind that most DIY solutions won’t help you plan for next year or help you improve your financial strategy.

For everything else, you may need more than a tax tool. You may need a tax strategist.

When You Should Definitely Hire a CPA

Let’s dive into the reality for most entrepreneurs, consultants, creatives, and small business owners: your tax situation isn’t “simple” anymore. Once your income sources multiply, or you own a business, DIY becomes risky.

Here’s when it’s time to search for a tax accountant near you or better yet, a specialized Austin small business accountant.

1. You’re Self-Employed or Own a Business

Whether you’re a solo consultant or the CEO of an S Corp, you’re managing:

• Business expenses and deductions
  
  
• Quarterly estimated payments
  
  
• Self-employment tax
  
  
• Health insurance and retirement contributions
  
  
• Entity structuring for tax efficiency
  
  

A CPA in Austin, Texas does more than plug in your numbers. They help you make better decisions about when to pay taxes, how to pay them, and how to minimize your liability while staying IRS-compliant.

2. You Own Rental Property or Investments

You bought a property to rent on Airbnb or you’ve got dividend income flowing in from index funds. Now what?

DIY software won’t calculate depreciation, track basis, or alert you to passive activity loss rules. A qualified tax preparer near you will.

3. You Have Multiple Income Streams or Employees

Maybe you run a marketing agency but also earn affiliate income and have a few part-time staff. Suddenly, your payroll, self-employment tax, and multi-state income reporting are in play.

That’s when a certified public accountant near you becomes essential not optional.

4. You’ve Received an IRS Letter

If you’ve ever seen “Internal Revenue Service” in your mailbox, you know the dread. Whether it’s a math error, underreporting, or a CP2000 notice, a DIY platform can’t step in and fix that for you.

A seasoned enrolled agent or certified CPA can represent you, communicate with the IRS, and correct past returns if necessary.

5. You Want to Pay Less Without Risk

Want to save on taxes? That doesn’t happen during tax filing season. It happens year-round, through smart strategies like:

• Income shifting
  
  
• Accelerated depreciation
  
  
• Retirement planning
  
  
• Section 199A deduction optimization
  
  
• S Corp salary planning
  
  
• Charitable contribution stacking
  
  

These aren’t tactics a tax app will explain. But a proactive tax advisor in Austin will.

Tax Mistakes Entrepreneurs Make When They DIY

Here are some common errors we see when entrepreneurs file on their own:

• Failing to track business miles or home office use
  
  
• Misclassifying contractors vs. employees
  
  
• Ignoring estimated quarterly tax deadlines
  
  
• Forgetting FBAR filing for foreign bank accounts
  
  
• Overlooking deductions for continuing education or subscriptions
  
  

These mistakes don’t just cost money, they increase audit risk.

What It’s Like Working With a CPA (and Why It’s Different)

So what can you expect when you stop searching for “tax services near you” and start working with an established Austin accounting service?

A CPA Will:

• Understand your full financial picture not just your tax return
  
  
• Help you optimize entity structure (LLC, S Corp, partnership, etc.)
  
  
• Plan ahead so you’re not surprised in April
  
  
• Guide you through audits or IRS notices with confidence
  
  
• Communicate proactively about deadlines, changes, and strategy
  
  

And here’s the best part: You don’t just get a tax preparer. You get a year-round business partner.

DIY vs CPA: Let’s Break It Down

It’s not about whether you can do it yourself. It’s about whether you should, especially when the stakes are this high.

Why Choose Insogna CPA?

We’re not your average accounting firm. We’re a modern, strategic, and high-touch partner focused on helping entrepreneurs like you build smarter financial systems.

Our team of chartered professional accountants, Austin tax professionals, and certified CPAs near you goes beyond just filing your return. We:

• Offer tax preparation services designed to minimize stress and maximize savings
  
  
• Help you stay compliant with state, federal, and international tax rules
  
  
• Provide year-round financial guidance that supports business growth
  
  

You’ll never feel like a number. You’ll get tailored service, responsive support, and proactive insights that move your business forward.

Let’s End the Guesswork

Still on the fence? That’s normal. But remember this:

Filing your taxes is one thing. Managing your financial future is another.

If you’ve got business income, multiple revenue streams, or tax complexity of any kind, the time you spend trying to figure it out yourself is time not spent growing your business. And time is money.

It’s time to level up your tax game and your peace of mind.

Ready to Make Taxes Simple, Strategic, and Stress-Free?

Let’s talk.

Whether you need help with FBAR filing, S Corp optimization, or just want to stop worrying about taxes, our team of expert CPAs and tax preparers in Austin, Texas is ready to serve.

Book your free consultation now with Insogna CPA, one of the most trusted CPA firms in Austin, Texas, and experience what proactive, expert-level tax guidance feels like.

Your business deserves more than just software. It deserves a partner. Let’s get started.

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