To determine whether an individual needs the services of a CPA in St. Cloud, FL or an accountant, first we must understand the difference between the two and then distinguish if the services of either one are applicable to the financial situation of the person.
Certified Public Accountant VS Just an Accountant
CPA stands for certified public accountant, a professional who works with finances and speaks the language of business. Today, the demand for a CPA in St. Cloud, FL is very high, and the professional working in any business oriented team is considered a member of immense value to the owner of the company.
CPA in St. Cloud, FL are those professionals who run major companies, work for, and start exciting and new entrepreneurial endeavors, and open up their own practices that provide services much more extensive than just tax returns.
Accountants in a similar fashion are also professional individuals who may either work in small firms or large multinational companies but their job description is still a bit confined from that of a CPA in St. Cloud, FL. Mostly business owners only hire accountants at the time of tax returns, or when they want to put their company’s finances into order.
Do you need a CPA in St. Cloud, FL or Accountant?
This is the most commonly asked question, by individuals who are often confused about who to hire. Every financial situation is different therefore before hiring either one; first the individual should consider a few reasons that will help compartmentalize the financial situation therefore allowing the decision to be much easier.
You earn more than $200,000
You better call a professional CPA in St. Cloud, FL, if you’re earning more than $200,000 every year. According to financial experts and reports, the more likely individuals to be audited are top earners. You’ll want someone with a thorough understanding of finance and other matters by your side.
You have multiple sources of Income
Both a professional CPA in St. Cloud, FL and a regular accountant can help sort out ways to report the many sources of income the individual has in a correct way. The process of reporting and recording income for multiple sources is much more complicated, and needs assistance.
Make a large financial gift or donation
It’s very important that the individual consult a professional financial advisor if planning on donating to a NGO, or just gifting paper money to anyone. The professional will have all the information about what do to in such a situation, while gaining the best tax benefits ever offered.
You owe back taxes to the IRS
Contact and hire a CPA in St. Cloud, FL to help and guide you, in the even when or if you owe any taxes to the IRS. He/she can help you find out how much you owe, and ways to avoid this and problems related to this in the future. A good CPA in St. Cloud, FL will help you stand up and get your life back under control.
The Bottom Line
Look for the very best professional, to completely make sure that your finances are in good and trusted hands. Hire a CPA in St. Cloud, FL now.
If you need more information about our St. Cloud, FL accounting and tax 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 and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland 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 number, incorporations, and non profit 501c3 tax exempt. (Freedomtax’s accounting and tax professionals are NOT CPAs. CPA services provided by third party provider.)