When Should I Hire a CPA Instead of Doing My Own Books?

For many freelancers, creators, small business owners, and professionals, doing your own bookkeeping and taxes might seem like a way to save money. But as your income grows or your situation gets more complex, DIY finances can quickly become a liability — both in terms of time and potential mistakes.

So how do you know when it’s time to bring in a professional?

At Velin & Associates, Inc., we help everyone from YouTubers and Shopify sellers to dentists and Amazon business owners navigate their finances with confidence.

Here’s how to know when it’s time to hire a CPA:

1. You’re Spending More Time on Books Than on Your Business

If you’re spending nights reconciling expenses, Googling tax codes, or stressing over spreadsheets, it’s time to bring in help. A CPA can handle the bookkeeping, accounting, and tax planning — so you can focus on what actually makes you money.

✅ Example: A TikToker or creator making brand deals starts managing multiple income streams — and suddenly the “simple” bookkeeping becomes a full-time job.

2. Your Income (or Business) Is Growing

More income usually means more tax obligations — and more risk if things go wrong.

A CPA helps you:

• Track income & expenses accurately
• Set aside the right amount for taxes
• Take advantage of deductions you didn’t know existed
• Avoid costly penalties from incorrect filings

✅ Example: A dentist opens a second office or adds a partner — now payroll, depreciation, and business structure need to be reevaluated by a pro.

3. You’re Not Sure If You’re Doing It Right

If you’re using terms like “I think I did it correctly…” when talking about your taxes, that’s a red flag.

Mistakes in self-managed books can lead to:

• IRS audits
• Missed deductions
• Overpaid taxes
• Stressful notices or penalties

✅ Example: A Shopify store owner isn’t sure how to track inventory write-offs, returns, or digital ad expenses — and ends up underreporting costs.

4. You Want to Pay Less in Taxes (Legally)

This is one of the biggest benefits of working with a CPA. We don’t just file your taxes — we plan them.

At Velin & Associates, Inc., we:

• Analyze your income and business structure
• Recommend ways to reduce your taxable income
• Identify deductions you’re not using
• Help you time expenses for max savings

✅ Example: An Amazon seller has consistent six-figure income but is still filing as a sole proprietor — when an S-Corp could save thousands.

5. You’re Worried About an IRS Letter or Audit

If you’re ever audited or contacted by the IRS, you’ll want a professional in your corner — not a vague memory of last year’s spreadsheet.

A CPA can:

• Speak directly with the IRS on your behalf
• Respond to audits and resolve issues
• Amend past returns
• Defend legitimate deductions

6. You Don’t Have Time to Keep Up With Tax Law Changes

In 2025 alone, changes to:

• SALT deduction limits
• Clean energy credits
• ITIN renewals
• Qualified business income rules
  … have already affected how our clients file and plan.

CPAs stay current on laws so you don’t have to — and make sure you don’t miss out on benefits or fall behind.

So, When Should You Hire a CPA?

Here’s a simple checklist:

📍 We’re Here When You’re Ready

At Velin & Associates, Inc., we don’t just crunch numbers — we help you make smarter decisions with your money and time. Whether you’re a creator, professional, or business owner, we build strategies that fit your life and goals.

📍 8159 Santa Monica Blvd STE 198/200, West Hollywood, CA 90046
📞 323-902-1000
📧 dmitriy@losangelescpa.org
🌐 www.losangelescpa.org

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