One of the things that is really cool about advances in technology and software is that there’s plenty of opportunities to “do it yourself.” That may or may not be the best way to do something depending on your particular situation.

Up until about three years ago, I was an advocate of having an accountant do both your business and personal taxes. But then I started checking out tax software by talking to experts and decided to prepare my personal tax return using tax preparation software. That’s all it took for me to be sold (and to save a bunch of money every year by doing it myself!)

My software of choice for completing my personal tax return is TaxCut Software from H&R Block. It’s easy to use, guides you through the process and gives you the option of consulting with a tax professional. All for a lot less than hiring an accountant. And that’s a plus for your cash flow in my book.

What about you? Do you use tax preparation software? Tell me why or why not by leaving a comment.

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