A certified public accountant or CPA if you like, is an accountant who has done and passed the Uniform Certified Public Accountant Exam. He also needs to have met additional state experience requirements besides having the educational qualifications. After that, the accountant can be said to have duly gained the said title of a certified public accountant.
In his line of work, a certified public accountant handles the financial records of both individuals and businesses. If you are having a hard time organizing your finances, be they personal or business related, you have the option of hiring a CPA Hutchinson.
There are several services that are offered by certified public accountants. These include, but are not limited to:
Assurance and attestation services. A certified public accountant attests to and gives assurance that the financial statements of a business are reasonable and accurate. He also checks whether the statements adhere to generally accepted accounting principles. It is a requirement that the CPA maintains his independence during an audit process. The audit and review are often referred to as an attestation.
Management consulting and performance management. Often, when conducting an audit, a CPA will detect business practices that are detrimental to the business. When this happens, it is the duty of the certified public accountant to make recommendations on what needs to be done. As a business owner, you stand to gain a lot from suggestions made by your accountant.
Financial planning. It is very important for every business to have a financial plan. This course of action is very crucial when it comes to ensuring that your finances are in order and that you achieve your financial goals. A CPA, Hutchinson helps you to get you started on the financial planning.
Tax preparation. Whether you are doing it for your personal finances or for your business, filing taxes can be an arduous task. This is especially true if you do not have a background in accounting. Hiring a certified public accountant will go a long way in ensuring that you have an easier time during the filing of your returns.
Certified public accountants also specialize in other areas such as corporate finance, corporate governance, estate planning, financial analysis and even forensic accounting. It is important to find out which area your CPA, Hutchinson specializes in before hiring him.
Most people use the term accountant and certified public accountant interchangeably. However, this is a mistake as a CPA has more skills and experience under his belt compared to the ordinary accountant. Certified public accountants cost more to hire. However if your business can afford it, then it is definitely advisable to go for the certified public accountant. It is an investment worth your money.
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