CPA Accountants
What Are CPA Accountants?
CPAs are Certified Public (CPA) Accountants, certified by the Board of Accountancy. These CPAs can perform a variety of services to small businesses, large corporations, or individuals. They are accountable to government agencies for their ethics and business practices, which ensures that you the consumer are protected from fraudulent activity by CPAs, and giving you security in knowing that your accounting is in good hands.
Services provided by CPAs
CPAs offer a wide range of assistance, including business financial, personal financial, accounting, auditing and tax advisory services. The core services CPAs provide can accommodate any business or personal need.• Accounting and auditing services• Business financial services• Personal financial services• Tax advisory services
Why Should I Hire A CPA Accountant?
Certified Public Accountants (CPAs) act as advisers to individuals, businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial matters. Today, many individuals and businesses turn to CPAs for help with tax preparation, personal financial planning, auditing services, and advice on developing effective accounting systems.
How Do I Choose CPA Accountants?
Evaluate Standards and ExperienceWhen speaking with a CPA, ask them for background information.• Where did they go to school?• In what areas of financial consulting do they specialize?• Are they a Certified Public Accountant? (Not all accountants are CPAs)• How long have they been in business?• Who are their clients? Call these clients to see if they are satisfied with the service they’ve received.• Are they a member of the Illinois CPA Society or other professional organizations?• Where and when did they receive their certification?• Are they licensed?• Do they regularly participate in Continuing Professional Education?• What is their fee range?• Should you receive what you think may be professionally unethical service from a member of the Illinois CPA Society, you can file an ethics complaint with the Society’s Ethics Committee which will investigate the situation.Before you select a CPA, make sure you consider the following questions:• Does the individual hold an active CPA license?• Are your needs compatible with the CPA’s personality and communication style?• Does the CPA have the experience you need?
How Could A CPA Help With Your Accounting Problems?
Having a CPA prepare your business or individual income tax return is a great way to avoid errors, not to mention the prying eyes of the IRS and an audit. A CPA can ensure that your tax return is completely accurate. Not only is accuracy important to the IRS and in case of an audit, but it is important to your immediate financial future as well. Because a CPA has intimate knowledge of tax laws and available exemptions , a CPA can make sure you get the largest refund possible.
How Can A CPA Be Of Help With My IRS Audit?
In the case that you are chosen for audit by the IRS, your best bet to come through the audit cleanly is to have a CPA by your side. A CPA is as familiar with tax law as the IRS representative performing the audit. Because of this, the CPA can negotiate a lower penalty, help you avoid penalties, and help you claim the deductions you deserve. You should contact a CPA as soon as you have received an audit notice from the IRS, because the CPA can help you prepare for your audit and gather the necessary information. Then, the CPA can walk into the audit interview by your side, completely in charge and confident of the outcome of your audit.
How Can A CPA Help With My Small Business?
If you own a small business, a CPA can also help you determine what business taxes are required by your local, state, and federal government. In addition, the CPA can help you set up a double entry accounting system that includes a journal and ledger. The CPA can also help you to set up a standard chart of accounts for use with your ledger. All of these tools will help you stay organized and ready for tax time and any possible audits. The CPA can also use the information from these tools to create financial statements for your business, which will then help you to make business decisions, make comparisons with competitors, discover industry and company financial trends, and prepare financial reports and business plans for purposes of investors and bank loans. CPA AccountantsLooking for CPA accountants? Here are a few reasons to hire CPA’s for your accounting needs.CPA’s are the highest trust level of all professionals, including attorneys and