Over 15 years of providing accounting services we have learned that no matter if you intend to deal with business taxes or handle your personal IRS tax issues, hiring a knowledgeable and trained Orlando accountant or CPA in Kissimmee is the only feasible choice you have. Nevertheless, before making your decision, make sure that you realize why you need professional tax help as all resources do not offer the same kind of help.
While doing your research work, you’ll come across plenty of Orlando accounting firms, where each offers a wide variety of professionals and accounting services in Orlando, FL. Read on to find out the difference between an individual Orlando accountant and a Certified Public Accountant in Orlando, FL:
Kissimmee CPA Service 1 – License
While accountants don’t need any license to offer their services, Certified Public Accountants hold specific licenses that are issued by their respective states. CPAs need to have the latest information about applicable tax laws and amendments to maintain their licenses. A CPA in Kissimmee is allowed to work only after successfully clearing a complex examination that comprises of several facets of tax and financial expertise. Once CPAs are licensed, they have to satisfy continuing education conditions to keep their licenses. However, the condition of continuing education is not applicable for accountants.
Kissimmee CPA Service 2 – Audit
A number of business companies prefer to hire CPAs for their financial tasks because they are allowed to make negotiations on their behalf with the Internal Revenue Service. Accountants, on the other hand, are legally not allowed to represent you before the IRS. If you have decided to hire a professional to prepare your taxes and create your financial reports and books, then you should make sure that your expert has complete authority to work on your behalf in every scenario.
Basically, accountants are responsible to perform routine financial jobs and prepare appropriate tax returns. On the other hand, Certified Public Accountants can evaluate financial work, sort out tax audits, negotiate on your behalf, and help you take practical steps to make your business more productive.
Kissimmee CPA Service 3 – Financial Evaluation
Accountants usually review routine bookkeeping performed by bookkeepers or other professionals. They use this data and figures to prepare and examine different financial reports, including payroll and balance sheets. However, certified accountants do more thorough and detailed analysis as they are expected to provide useful suggestions regarding financial and tax issues. They are better trained and prepared to offer useful advice and corrective measures to solve financial and tax problems of a business organization.
Kissimmee CPA Service 4 – Tax Preparation
As compared to individual accountants, CPAs are more aware of tax laws and policies set by different authoritative agencies. Tax rules and codes are a major part of a CPA’s education and examination. Accountants are also able to prepare tax returns, but they are neither certified nor allowed to handle your tax issues before the IRS.
Other than clearing strict tests and examinations, a CPA in Kissimmee is required to follow a certain code of morals. After a period of two years, they are required to complete particular hours of accounting education so as to have up-to-date information regarding new trends, policies, rules, and systems of accounting.
If you need more information about our accounting services, please contact us at 407-344-1012. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting firm has its main offices in Kissimmee, FL. We serve the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, and Hunters Creek, FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin numbers, incorporations, and non profit 501c3 tax exempt status applications.