The unfortunate fact of the matter is that, while it has certainly made great strides over the last year, the economy in the United States is not yet what it once was. 76% of Americans are struggling to get by while living paycheck to paycheck, according to CNN Money. Statistics from the U.S. Bureau of Labor Statistics show that 7.3% of Americans remain unemployed.
While all signs point to a recovering economy, the fact remains that for many small businesses saving money anyway they can may be the ticket to weathering the storm reduced consumer spending. If you run a small business that needs help filing financial records, saving on taxes, and navigating tricky economic waters, you need to consider using a small business CPA.
What is a Certified Public Accountant?%3Cbr%3E
A CPA, certified public accountant, has been trained by a reputable educational institution and passed a test proving their knowledge of important financial rules and regulations. CPA certification requirements vary from state to state, but, in general, becoming a CPA takes four years education at a college or university. Following that, all CPAs have to pass a comprehensive certification exam. Further, the majority of states require accountants to have some financial working experience before they can become certified. As can be seen, CPAs are very well trained so that they can offer businesses, like yours, the best possible service.
- Legal Savings
- Cost Effective
- Protect Your Business
Certified public accountant, the statutory title for qualified U.S. accountants, denotes many things. One of these is the vast knowledge of tax code they possess. Because of their specialized education gained through Cpa training, CPAs are knowledgeable about many tax deduction possibilities for their clients that businesses are frequently unaware of. Subsequently, using a small business CPA may help to reduce tax costs.
One of the reasons CPAs number 1 million strong in the United States is because they represent a crucial service at a competitive rate. Consider, when you do all of your finances in-house, you have to pay for one or more accounting professionals who will require an annual salary. Using a small business CPA is often cheaper than hiring an in-house team.
Small business CPAs are trained to quickly and accurately file all necessary financial paperwork for your business. This helps you to avoid late fines, unnecessary tax charges, and any other dangerous financial mishaps that could occur when using amateur services. If you want to protect your business, there is no better choice than a small business CPA.
Where to Find Small Business CPAs%3Cbr%3E
If you are looking for a small business CPA to help improve your business’s financial situation, there are two main ways to find them. Firstly, you can do research online for reviews of the best services in your area. Alternatively, many states maintain a CPA association where many qualified, experienced accountants can be found.
No matter what type of business you run, small business cpas can help you to make it better. Want help navigating tax code and reducing accounting costs while simultaneously protecting your business? Then get to work finding a CPA who is right for your company.