If you own a small business, you more than likely work with an accountant to help you keep all your ducks in a row. They make excellent business consultants as they help you navigate your financials and make plans for the future. If you don’t have an accountant you’re working with, you might be wondering what the difference is between an accountant and a CPA. Surely, some wonder if they need their accountant to be a CPA. Mark Dicus & Company is here to talk about the difference between the two.
Accountants VS CPAs
For many of us, there isn’t a clear distinction between an accountant and a CPA. We would like to take a closer look at these two paths and explain the difference between the two of them.
– Accountant: An accountant is a person you hire to help you run more efficiently as they help you examine your financial records, assess your financial operations and ensure that your taxes are being paid appropriately and on time. There are some limitations put on accountants that don’t have their CPA though.
– CPA: All CPAs are accountants, but not all accountants are CPAs. They both work to help businesses with their financial plans and taxes, but a CPA has had additional education, training and certification to get this title. It allows them to have more mobility and responsibilities in their career. A CPA will have far more job opportunities because of these extra steps.
How Businesses Benefit from Hiring a CPA
When you’re working with a CPA rather than just an accountant, you will be able to enjoy the benefits that come with the extra education and certification it took to get them there. For instance, your CPA will have expanded tax and auditing services they can provide for you. If you are audited by the IRS, they will be able to represent you when a basic accountant would not be able to do that. A CPA can help businesses manage their money, taxes and investments in ways that will foster future growth and success. If you are a successful business, you will more than likely need both an accountant and a CPA. You might only need the services that a CPA can provide occasionally, but there will undoubtedly be times that it comes in handy to have your accountant have that certification. They can help you sort out more complicated tax returns and ensure that you have the smallest chance possible of an audit.
Bookkeepers, Accountants & More in Summerlin, North LV, Henderson, Lone Mountain Village & Greater Las Vegas, Nevada
If you’re looking for a CPA that can work with your small business, you will find that when you work with Mark Dicus & Company. We will help you achieve success as we work to help you reach your financial goals. We will work diligently to ensure all of your questions are answered and your taxes are prepared with care. Call us today!