By: Corry Hunter, CPA
It's tax time and the scramble is on for many of us. Some use professional CPAs (Certified Public Accountants) for their taxes, while others brave it on their own. After filing, most don't think about the process again for another year. However, it pays to view your CPA as more than just a "once-a-year-tax-guy."
If you are starting or own your own business, viewing your CPA as a trusted advisor in your business can be a great resource. They can assist in solving many of the challenges that come with running a business. At the very least, CPA's earn a bachelor's degree in business with an emphasis in accounting. Accountants not only know how to "crunch numbers," they understand business as whole including maximizing the bottom line.
CPA's can be as big or as small as you need them to be to meet your business accounting needs. Some use a CPA temporarily to help with bookkeeping or getting their books in order for a line of credit. Others might outsource their comptroller duties to a CPA to save on payroll.
When businesses grow from "mom & pop" to multiple branches or accumulate large inventories that are difficult to manage, a CPA can assess the operations of your business to streamline processes for increased productivity, or insure you have the proper procedures in place to reduce risk of employee fraud or incorrect financial reporting.
And when the economy going in the right direction - like it is now, a CPA can provide the most value. Making regular financial decisions with your CPA that yield the best tax results can save you personally and your company thousands of dollars a year.
To maximize your success - leverage your CPA's resources year round. It's smart business and will be well worth the investment.
Contact Corry Hunter, CPA at 760-777-9805 for more information on our services.
If you've ever received a notice from the IRS, you know how stressful it can be. Often these are small corrections or adjustments, but other times they are quite significant. Either way, they need to be dealt with quickly and correctly. Your CPA will be able to layout a list of steps required to solve your IRS issue.