When people hear the words, certified public accountant, they automatically think about taxes. However, CPAs do a lot more than just prepare taxes for people. A CPA is a trusted accounting professional that has gone through a rigorous exam process to get where they are. They have put in the time to get educated, experience and take the exam. There are several benefits that come from working with a CPA. Propel Your Accounting is here to explain what it is that a CPA does and why are different from a regular accountant.
Understanding the Role of a CPA
When you hire a CPA, you are working with someone that has an extensive understanding of the language of business, also known as accounting. They work with businesses, individuals, and other organizations to assist them in reaching their goals and objectives. The assistance that a CPA can provide for a business or organization can be beneficial in a number of ways. It certainly helps financial objectives come to light as business owners, individuals and organizations are given a clear picture of their finances. It helps in forecasting, projections, and tax compliance.
CPAs Can Do Things Accountants Can’t Do
Not all accountants are CPAs. An unlicensed accountant doesn’t have the credentials to do all of the things that a CPA can do. For instance, an unlicensed CPA doesn’t have the ability to do things like audits, signing tax returns and reviewing financial statements. Some of the responsibilities of a CPA in an accounting firm might include:
– Auditing & Assurance: One major thing that a CPA can do that an unlicensed accountant cannot is carry out an audit. They have the licensing to perform audit or reassuring agreements which is invaluable.
– Tax Preparation Services: There is a lot that goes into preparing taxes. A CPA is going to have an in depth understanding of tax law. They can benefit businesses and individuals alike as they can ensure all tax laws and regulations are being followed. They can also ensure that all of the credits and deductibles that are available for a business or individual are being utilized to make sure there is no money left on the table that rightfully belongs to an individual or organization.
– Consulting Services: The consulting services that a CPA can provide for businesses and individuals can be anything from implementing new financial systems, enhancing understanding of financial statements, and making recommendations for projections and forecasts. A CPA can assist both businesses and individuals in meeting their financial goals.
Bookkeeping, Accounting, Business Consulting & HR / Admin Services in the United States of America
If you’re looking for a CPA that can assist you in your accounting needs, you can turn to Propel Your Accounting to give you the assistance that you need. We have a team of CPAs that provide our clients with accounting services that will help them reach their full financial potential. We work to help you reach your goals. Call us today!
