We started Dukhon Tax in 2011 with a focus on delivering expertise to the public with a devotion to service built upon a foundation of technology. We are Certified Public Accountants for the modern world – more than just number-crunchers, we are advisers and year-round consultants. We are a boutique firm and we uniquely understand the needs of individuals and business owners in today’s tumultuous and fast-paced environment. Our firm started small with our founder, Dmitry Dukhon, CPA, MST, performing a handful of dedicated engagements. While our roots are simple, our promise has never changed – “Engagement, for results.”
Our Network of Tax Professionals
Our company staffs a variety of professionals. All of our professional staff are Certified Public Accountants that hold either a Master’s Degree in Accountancy or a Master’s Degree in Taxation. We also work with an in-house tax attorney and have a deep network of legal affiliates. Beyond that our local network of affiliates includes financial planners, insurance advisers, and other key personnel that can assist you with your business and personal needs.
Local and International Tax Help
DukhonTax is a Boston-based firm – our office at 380 Washington St is located in historic Brighton center. We love our city and we love serving the world from here. Our clients are located as far away as Europe, Russia, and China – yet we also do business with local main street shops and area entrepreneurs. Being in this beautiful city amongst the educational and healthcare institutions and the thriving technology and financial industries, really reminds us of how great things come in small packages. We believe in the culture and history of the city where we live and hope you will find peace of mind doing business with an established local firm with a great reputation.
- Tax Return Preparation
- Financial Statement Preparation
- Outsourced CFO
- Budgets, Forecasts and Projections
- Quickbooks Setup
- Tax Planning
- Tax Compliance
- Personal Tax Preparation
- Nexus Consulting
- International Tax Preparation
- Foreign Professional Taxes
- International Tax Compliance
- Foreign Student Taxes
- Business Tax
- Managerial Accounting
- Inventory Management
The Pros And Cons Of Using A Newton Centre Tax Preparation And Accounting Service
One of the components of any Newton taxpayer’s year is the period when the tax returns need to be filed, typically during spring – a time that is supposed to be associated with joy, calm, and happiness. Unfortunately, the filing of tax returns is not a task that can be avoided and must be completed as part of one’s financial responsibilities. While it is easy to perform this task when financial statements are black and white in nature; there are many cases where one’s financial situation falls into the greyer areas of the financial color palette. In this particular circumstance, it would be more beneficial to use an accountant and this article will provide information on the different advantages to hiring a local tax preparation and accounting service.
Do I Need a Personal Accountant?
Here are 5 reasons you might find you want to hire an accountant:
1. Less Time-Consuming
According to research conducted by the IRS, the approximate amount of time any average person would spend filing tax returns is 24 hours. To place this number into perspective regarding monetary value, the average person’s time is worth $25/hour; therefore, the approximate loss of income over 24 hours would be $1,305. The use of a local tax preparation and accounting service can be beneficial in this area by reducing the time spent on filing tax returns; thus being less time-consuming and, arguably, reducing the loss of potential income.
2. Finding And Claiming Tax Deductions
Assuming your tax returns are itemized, any fees incurred while preparing the tax returns can be deducted as long as the sum of the deductions are at least 2% greater than the adjusted income. Unfortunately, when filing tax returns independently, the chances of noticing these deductions increase. This is not only because of an average person’s inexperience with the tax return system, but also due to their lack of knowledge with the constantly changing tax codes. A tax preparation professional will be beneficial in providing the service of locating, itemizing, and claiming tax deductions where appropriate.
3. Assistance With Massachusetts Audits
In the unlikely situation that you are audited, a local tax preparation and accounting professional is able to assist with the necessary paperwork required when filing the relevant tax returns. Audited individuals will be required to deal with the IRS directly; however, professionals will act as intermediaries and can represent you in an experienced manner focusing on your best interests. Of course, the statistic for taxpayers who are audited is less than 2% per annum; but it is better to be safe than sorry.
4. Reduced Stress
Filing tax returns can be stressful for the average individual, but by using a professional tax preparation and accounting service, the amount of stress can be greatly reduced. The knowledge that your financial documentation is being prepared and completed by experienced and knowledgeable professionals should provide peace of mind. This removes anxiety and increases productivity in a person’s daily life.
5. Avoiding Mistakes
Regardless of one’s confidence regarding the ability to file tax returns, the chance of error is inevitable. Using a professional tax preparation service is beneficial in reducing the amount of mistakes made as they can double check the items effectively.
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