A
business whether small or big, needs a professional CPA small business service who handles business taxes and finances.
A business just not runs by an accountant but you need a professional CPA to
make your business grow. Sometimes you need advice about your company’s legal
structure or need a better bookkeeping system that will help you in reducing the business tax burden.
There
are many businesses that hire an accountant but very few are there that hire a
professional CPA. All CPA can be said as accountants but not all accountants
are CPA.
To
know what is beneficial for you, check down below the advantages of a CPA small business service over an
accountant.
CPA’s are licensed whereas accountants are not
CPAs
are professionally certified by AICPA(American Institute of a certified public
accountant), they keep themselves updated with current tax laws to maintain a license.
They become a professional CPA after qualifying various exams and then they get
certified with the degree. Whereas an accountant is not professionally
certified and their knowledge is not as vast as CPA.
CPA’s has more knowledge of taxes
CPA
study even after qualifying the exams, they keep their knowledge updated with
all the tax laws than accountants. An accountant may able to prepare a tax
return and accounts but they are not certified under the law and this may not
make you present before IRS.
CPA do financial analysis deeply
Bookkeepers
prepare routine records, accountant reviews these data and analyse financial
reports. Whereas a CPA does more detailed analysis and also give advice on tax
and financial matters.
This
content originally posted @ https://mesaaccountant.wordpress.com/2017/11/04/why-small-business-need-a-professional-cpa/
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