How can CPA help me?

Difference between CPA and an Accountant

Not all accountants are CPAs. A Certified Public Accountant (CPA) is an accountant who also meets the educational and experience requirements of the state they live in and has passed that state's Uniform CPA Exam.

Roles CPA can perform in Your Company.

Your running business needs a CPA for the following significant tasks:

1. Tax Advice and Planning
2. Audit and Assurance Services
3. Management and Consulting
4. Forensic Accounting
   
   

Tax Advice and Planning

Taxes are an unavoidable fact of both small and big businesses. And filing your taxes is a complicated process. Therefore, hiring a tax professional to manage your accounting and tax planning is helpful. A CPA helps companies to avoid any taxation delays or frauds.

Engaging a certified public accountant (CPA) with auditing - a trained person who knows about all the latest tax laws – lessens your chances to suffer loss and fines.

Audit and Assurance Services 

When it comes to auditing data and taxes - the devil is in details. CPA audits your financial accounts, analyzes various accounting reports, such as your budget, overdue accounts, and tax reports, to make sure you are following the latest laws and accounting methods to run your business. The professional management and evaluation secure your business from risks and IRS penalties.

A better-equipped expert position on the existing financial conditions will assure you to make more reliable decisions.

Management and Consulting

CPA manages and maintains your company's day-to-day financial operations and implements long-term strategic planning. It includes budgeting, managing funds, fiscal planning, and providing financial statements for stockholders, mitigating risk, offering insurance, providing investment advice, and helping with estate planning. 

Forensic Accounting

Forensic accounting is investigative accounting or detecting fraud. Your CPA will run through the records and detect any evidence of criminal offenses like theft or tax avoidance. They tell you the nature of financial crime using investigative techniques. 

In case of missing funds or you think a business partner is stealing, a CPA will serve you sort all this out. 

How else can CPA help you?

1. Administrating payrolls: A CPA will make sure your employees are paid on time and that all payroll taxes, insurance, and retirement withholdings are deducted correctly. They help you keep track of any expense reimbursements or profit-sharing disbursements.
2. Bookkeeping: Your CPA will make sure to pay bills, and all overdue customers’ payments are paid on time. 
3. Tax filing: They timely and accurately file taxes to secure you from delay payment penalties.
4. Financial Advice: While a CPA cannot perform business decisions for you, but can give good advice and help you make the right decisions.
   

Contact us today, at Cartier CPA's our goal is to provide clients with the highest level of respect and quality of service.