--- title: Do I need a licensed CPA on my business team? description: If you’ve been running a business without the help of a licensed CPA, you could be losing valuable tax deductions, profitability initiatives, and more. image: https://media.insognacpa.com/hubfs/licensed-cpa-need-1.png --- [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) Content Title Description < Previous page Next page > [Why Us](https://insognacpa.com/why-us) | [Business Accounting](https://insognacpa.com/business-accounting) | [Fractional CFO](https://insognacpa.com/fractional-cfo) | [Minimizing Taxes](https://insognacpa.com/tax-strategy/) [Building Wealth](https://insognacpa.com/building-wealth) | [Learning Center](https://insognacpa.com/learning-center)| [Contact Us](https://insognacpa-6129290.hs-sites.com/en-us/contact-us) [S Corp](https://media.insognacpa.com/blog/tag/s-corp) [Business Tax](https://media.insognacpa.com/blog/tag/business-tax) # Do I need a licensed CPA on my business team? By [Chase Insogna, CPA](https://media.insognacpa.com/blog/author/chase-insogna-cpa) Mar 16, 2023 7:17:28 AM 1 Minute Read If you’ve been flying solo without the help of a Certified Public Accountant (CPA), you may have been missing out on valuable tax deductions, business strategy, profitability initiatives, and more. Below are five reasons you might want a CPA on your business team.   ## Q. Do you need help managing the day-to-day bookkeeping processes of your business? Hand the reigns to a professional bookkeeper to free up your time. If you want to take things one step further, consult with a licensed accounting firm for its bookkeeping services. ## Q. Do you need financial advice regarding your business? A professional accountant or CPA will be able to analyze your business finances and offer business advice. ## Q. Do you need to prepare your taxes? A bookkeeper can help you manage your payroll taxes, and sales taxes, and compile 1099s. But only an accountant, CPA, or EA can file your tax returns for you.  ## Q. Are you worried an employee is stealing from you? A forensic accountant will be able to get to the bottom of the issue and spot any potential fraud. ## Q. Are you a private or public corporation? If you are a public corporation, it must provide audit reports to investors. CPAs are the only qualified professionals to create those reports. Avoid the D.I.Y. approach to your business finances. Work with a licensed CPA that can help guide your business financially. Insogna CPA offers [bookkeeping](https://insognacpa.com/small-business-bookkeeping/), [payroll](https://insognacpa.com/payroll/), [virtual/fractional CFO](https://insognacpa.com/fractional-cfo/), and [more services](https://insognacpa.com/business-accounting/) to help take your business to the next level. [Give us a call](https://media.insognacpa.com/virtual-cfo). ## You Might Also Like - [5 Reasons Why Business Owners Need A Licensed CPA](https://media.insognacpa.com/blog/why-business-owners-need-a-licensed-cpa) - [6 Reasons a Licensed CPA Should Do Your Taxes](https://media.insognacpa.com/blog/a-licensed-cpa-should-do-your-taxes) - [Hold on, Can even afford a virtual CFO?](https://media.insognacpa.com/blog/hold-on.-can-i-even-afford-a-virtual-cfo) - [5 Ways Our CFOs Deliver Real-World Value](https://media.insognacpa.com/blog/5-ways-our-cfos-deliver-real-world-value) - [The Major Reasons Why a Virtual CFO Can Help Your Business Thrive](https://media.insognacpa.com/blog/the-major-reasons-a-virtual-cfo-can-help-your-business-thrive) - [How Businesses Increase Cash Flow by Having A Proactive Tax Strategy](https://media.insognacpa.com/blog/how-businesses-increase-cash-flow-by-having-a-proactive-tax-strategy) - [Virtual Controller vs. Outsourced CFO](https://media.insognacpa.com/blog/virtual-controller-vs.-outsourced-cfo) ## Recommended For You [![technology and traditional accounting](https://media.insognacpa.com/hubfs/technology%20traditional%20accounting.png)](https://media.insognacpa.com/blog/return-to-traditional-accounting) [Accounting](https://media.insognacpa.com/blog/tag/accounting) 1 Min Read ### [A Return to Traditional Accounting](https://media.insognacpa.com/blog/return-to-traditional-accounting) [![Picture of Chase Insogna, CPA](https://media.insognacpa.com/hubfs/Chase-Insogna-1024x1024.png) Chase Insogna, CPA Mar 6, 2023 2:04:18 PM](https://media.insognacpa.com/blog/author/chase-insogna-cpa) [![Tax Benefits of an S Corp entity](https://media.insognacpa.com/hubfs/Hubspot%20featured%20image%201600x700.png)](https://media.insognacpa.com/blog/why-you-should-set-up-an-llc-or-s-corp-before-year-end) [Tax](https://media.insognacpa.com/blog/tag/tax) 4 Min Read ### [Why You Should Set Up an LLC or S Corp for Tax Purposes Before Year-End](https://media.insognacpa.com/blog/why-you-should-set-up-an-llc-or-s-corp-before-year-end) [![Picture of Chase Insogna, CPA](https://media.insognacpa.com/hubfs/Chase-Insogna-1024x1024.png) Chase Insogna, CPA Sep 6, 2022 12:54:38 PM](https://media.insognacpa.com/blog/author/chase-insogna-cpa) [![tax lien](https://media.insognacpa.com/hubfs/tax-lien.png)](https://media.insognacpa.com/blog/differences-between-tax-lien-and-levy) [IRS](https://media.insognacpa.com/blog/tag/irs) 3 Min Read ### [Differences Between an IRS Tax Lien and a Tax Levy](https://media.insognacpa.com/blog/differences-between-tax-lien-and-levy) [Chase Mar 20, 2023 2:07:46 PM](https://media.insognacpa.com/blog/author/chase) Insogna CPA 3355 Bee Cave Road, Suite 503 Austin TX 78746 (512) 891-8200 - [Contact Us](https://insognacpa.com/contact-us/) - [Customer Reviews](https://insognacpa.com/testimonials-and-reviews/) - [Careers at Insogna CPA](https://insognacpa.com/careers/) - [Privacy Policy](https://insognacpa.com/privacy-policy/) - [Texas Board of Accountancy License](https://www.tsbpa.texas.gov/php/fpl/frmlookup.php?x=T71ujVIEr%2Fg%3D) [Follow us on Facebook](https://www.facebook.com/InsognaCPAs) [Follow us on LinkedIn](https://www.linkedin.com/company/insognacpa-com/) [Follow us on Twitter](https://twitter.com/InsognaCPA) [Follow us on Instagram](https://www.instagram.com/insognacpa/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Chase Insogna, CPA", "url" : "https://media.insognacpa.com/blog/author/chase-insogna-cpa" }, "dateModified" : "2023-03-16T12:17:28.956Z", "datePublished" : "2023-03-16T12:17:28.000Z", "headline" : "Do I need a licensed CPA on my business team?", "image" : [ "https://media.insognacpa.com/hubfs/licensed-cpa-need-1.png" ], "mainEntityOfPage" : { "@id" : "https://media.insognacpa.com/blog/do-i-need-a-licensed-cpa-on-my-business-team", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://media.insognacpa.com/hubfs/InsognaLogoSite2020.png" }, "name" : "Insogna CPA" } } ```