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If you own a business, hiring an accountant is crucial. A professional can not only help you take advantage of all tax breaks available for business owners, but can also prepare other IRS forms that are required for running your business. Tax deductions such as business travel, vehicle expenses, and home office can flag your business for audits, so it is important to be diligent and detailed when reporting these expenses on your return. A professional will ensure that no mistakes are made so you know that you have maximum deductions with maximum peace of mind. Running a business come tax-time comes along with filing required forms such as 1099s and W2s, which a professional can handle for you, saving you time and energy. Being self-employed also comes with self-employment taxes. You may also need to make quarterly estimated tax payments, which a professional can assist with.