Why Your Small Business Needs a CPA

There’s no if, ands, or buts about it. If you own a budding business, you need a tax and financial advisor on your team.

But who can you trust to come in and look over your books? You won’t just want to recruit your average, run-of-the-mill accountant. You’re going to want a Certified Personal Accountant (or CPA).

Why a CPA?

CPAs are knowledgeable, assessable year-round, and professional.

They provide assurance of certification and are licensed by the state, having gone through rigorous testing to ensure they are up to date on the most current tax laws. But it doesn’t stop there. CPAs in California are required to take continuing education of 80 hours in a two-year period (immediately preceding license expiration). This includes a minimum of 20 hours completed during each year of the two-year license renewal period. These 80 hours must include 12 hours in a technical subject matter and four hours of ethics education.

Meaning CPAs know their stuff, and extremely well!!

What Can a CPA Do For Your Business?

Because of their meticulous education requirements, CPAs have authoritative knowledge of tax codes and can, therefore, offer a detailed analysis of your business’s financial and tax matters, as well as complete and sign your tax returns.

But their services aren’t just limited to taxes! They can also help business owners apply and obtain loans. With their expertise in both the process and your business’s finances, your likelihood of receiving a bank’s approval will increase!

Perhaps most importantly is that a CPA has the ability to represent business owners before the IRS in the event of an audit. The possibility is every business owners worst nightmare, but you’ll be a lot safe with a good CPA on your side.

Saving You Time and Hassle

While some business owners might shy away from the idea of visiting a CPA due to expense, using a CPA might actually help you save time, money, and headache. Sometimes the cumbersome tax software doesn’t see quite the same story as a CPA might with his/her eye for detail.

IRS penalties are high. Don’t take risks when it comes to the business you have built with your own hands. CPAs are diligent, detail-oriented, and great advocates when it comes to representing your finances.

Hall and Company CPAs are exactly all of the above.

We are proud to have a team of expert CPAs that are steadily aware of the year-round changes and reforms to laws concerning audits, international taxation, tax credits, estate, and trust tax planning and many other areas of business accounting essential to building and protecting your company.

If you have questions or concerns regarding your business’s finances or taxes, please do not hesitate to contact us via our contact page.