How to Find the Right CPA for Your Small Business
You are running a successful small business. Your customers are gratifying you by giving you money.
You may be making so much money that you need someone to keep track of it all. Perhaps it is time to get a Certified Public Accountant (CPA).
How do you know if you have found a qualified CPA to help your small business? We can help you find the right CPA for your small business.
Why Small-Business CPAs are Important
An accountant is a professional that handles all the math-intensive tasks associated with running a business. They prepare financial documents such as tax returns and profit and loss statements and also do financial planning. A Certified Public Accountant is an accountant who has met the education and experience requirements in the state where they reside and pass the Uniform CPA Exam.
So, CPAs can be considered accountants. All accountants are not CPAs. A CPA cannot make business decisions for you - after all, this is your business - but a CPA may be able to offer sound advice and help with all of these tasks.
- Tax planning and advice: Help your business save taxes and plan for the future.
- Audit and assurance Help find any issues with your tax returns before the IRS does.
- Management and Consulting: Act as your chief financial officer (CFO), assist with budgeting and risk management, and prepare financial statements for shareholders.
- Forensic accounting Look into the books to prevent fraud or embezzlement.
- Payroll administration Make sure everyone is paid on time and that all payroll withholdings are correctly handled.
- Bookkeeping Manage invoices and accounts receivable. You will also need to pay your vendors promptly.
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