---
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.
---

[Learning Center](https://media.insognacpa.com/blog)

# [Do I need a licensed CPA on my business team?](https://media.insognacpa.com/blog/do-i-need-a-licensed-cpa-on-my-business-team)

 Written by [Chase Insogna, CPA](https://media.insognacpa.com/blog/author/chase-insogna-cpa) | Mar 16, 2023 12:17:28 PM

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)

[View full post](https://media.insognacpa.com/blog/do-i-need-a-licensed-cpa-on-my-business-team)

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