Every business owner need helps when it comes to handling accounts, finance, and tax planning. And the best person for the job is CPA.
In case you are wondering what being a CPA means and how hiring one can help you, this post is for you. Adam Valdez, a CPA in San Antonio, Tx helped us understand the role of a CPA and how it is different from other accounting jobs.
The Definition Of CPA
Certified public accounting (CPA) is an American term that refers to the practice of public accounting. It is a professional designation given to accountants in the United States and many other countries around the world. The title denotes that the individual has met specific requirements for education, experience, and passing a rigorous exam.
CPA status allows the accountant to provide assurance services to clients, sign documents such as audits, and practice before governmental bodies. In the United States, the national governing body for the CPA designation is the American Institute of Certified Public Accountants (AICPA). But every CPA must also obtain a license from their respective states to present themself as a CPA.
Are All Accountants CPA?
A person who holds in degree in accounting is known as an accountant. While accountants may possess the same knowledge and have similar skill sets, they need to pass a special exam to get a CPA license. Without this license, they can not sign tax forms or audit documents. They may prepare your tax forms and manage your books of accountants, but the services offered by them are limited.
Duties of CPA
CPAs are considered experts in the field of finance as they pass a rigorous examination. So they can handle a wide range of financial services that any business owner or solopreneur requires. Here are the few most popular services handled by CPAs.
- Bookkeeping and accounting
A CPA can handle the books of accountants so there is no need to hire a full-time bookkeeper for the job. He will ensure all financial transactions are recorded correctly and create various financial statements such as balance sheets, P&L, cash flow, etc. to track the profitability of the business.
- Auditing and tax filing
A CPA can conduct audits required by the IRS and plan taxes to reduce your tax burden as they are well-versed with the laws and regulations.
- Business consulting
When it comes to business strategy, CPAs can help business owners take the right steps to expand their business or improve profitability by analyzing their financial position and business trends.
- Estate planning
CPAs can also help you find the best way to transfer your finances and assets with a minimum tax burden.
How Can A CPA Help You?
If you are a business entrepreneur, solopreneur, or even a professional, outsourcing all financial tasks like tax planning, tax filing, and even disbursing payroll can help you save plenty of time.
CPAs can help take care of your financial needs to scale your business to a new level. So if you are looking for a certified public accountant in San Antonio, do reach out to Adam Valdez CPA. They provide a wide range of services to save your tax burden. Visit their website to schedule an appointment for a consultation.
