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.
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