What Can a CPA Help With?
What is a CPA?
A Certified Public Accountant (CPA) is an accountant who meets the educational requirements of the state they live in and has passed that state’s Uniform CPA Exam, which tests the understanding of tax law and standard accounting practices. To maintain their license, CPAs must take continuing education courses in accounting to keep up with state and ethics requirements.
The Advantages of Having a CPA
CPAs wear many hats and can provide a broad range of services for individuals as well as businesses. Here are some ways CPAs can help both individuals and companies:
• Tax Planning and Tax Filing: CPAs are qualified to handle all your tax needs, including preparing and filing federal/state tax returns as well as filing tax extensions with the IRS.
• Auditing: If you are audited by the IRS or state tax authorities, CPAs can provide assurance services to help verify your financial statements and ensure they are accurate.
• Consulting: CPAs can provide valuable advice on complicated financial matters to assist with budgets, financial risk management problems, preparing financial statements for shareholders, coordinating risk management and insurance, and other important financial decisions.
• Bookkeeping: CPAs are qualified to help create and maintain financial books throughout your business lifecycle.
• Financial Planning: CPAs are qualified to help individuals with their short-term and long-term financial goals, such as retirement planning, investment strategies, and estate planning.
If you need a CPA for your tax and accounting needs, JTS Associates CPAs, P.C. is here to help. Contact us at (516) 877-5900.
