A Certified Public Accountant (CPA) is an accounting specialist that can offer a number of services to help you with the financial aspects of your business. A CPA is different than your average accountant or bookkeeper, because a CPA is licensed by a state after having met certain education, experience and testing requirements. In order to maintain their license, a CPA is required to stay on top of changes in their profession though taking additional training courses.
There are a number of different services and roles that a Winter Haven CPA can offer you and your business. In the case of small businesses it may be expensive to have a CPA do all the bookkeeping, such as reconciling bank statements, accounts receivable and accounts payable, or perhaps maintaining the general ledger. Any employees that has a bookkeeping background is able to accomplish these basic tasks. Occasionally a small business will require the services of a CPA however. While acting as a controller for the business, a CPA has the capacity to be in control over all financial obligations. Although they might not be inputting all of the financial information, they can review the accounting, close the books and prepare the fiscal reports for your company. A CPA can set up necessary software essential for bookkeeping and do basic accounting functions for many small enterprises.
Winter Haven CPA is able to perform all necessary accounting tasks from fiscal reports to basic accounting tasks if you are a company which may have more extensive accounting requirements.
Tax services in addition to payroll services is what these CPA’s can offer any company. Sometimes a business does not need help in the bookkeeping department at all, but would like help determining how to calculate the taxes, social security, and Medicare amounts that must be withheld from paychecks. Most of these calculations can be complicated and a CPA can help make payroll simple and accurate. Yearly or even quarterly taxes can be prepared easily by using a qualified CPA. Annual income tax returns that are filed with federal and state agencies are the most common, but businesses often have to deal with sales tax, unemployment tax or workman’s compensation concerns. In the case of personal, rather than business tax issues, a CPA can also be helpful in sorting through gift, estate and trust taxes.
Many CPA firms offer certified financial audits of a company’s financial statements to be able to provide an opinion regarding the accuracy of the facts contained therein. Additionally, there are lesser versions of these audits known as compilations and reviews. This offers a company some comfort relating to internal controls of their financial statements which are termed as attest services.
Not just offering accounting services, more CPA’s are providing businesses with consulting services also. A corporation might work with a CPA to help appraise the use of technology and advise how additional information systems might improve business. Circumstances like retirement plans or employee stock options can be reviewed by CPA’s and they will be able to recommend how a business should go about implementing such programs. A business might be in need of a valuation should they be planning to sell and CPA’s are able to help determine a fair market value. Also able to assist in planning for the future, a CPA is able to prepare projections or forecasts for a business.
A variety of services are offered through Winter Haven CPA. An experienced CPA will no doubt be able to assist any business be more successful, whether it needs a simple or more intricate service in regards to their account needs.
