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Orlando Tax Accountant versus Tax Attorney

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As tax accountants in Orlando we know that different businesses have different needs regarding tax preparation and reporting. While a small business might require fewer amounts of financial reporting and paperwork, major corporations generally require complex reporting systems that need to comply with the international accounting standards. While hiring help for your finances, you will need to determine the kind of accountancy services that you require. A Orlando tax accountant, CPA and a tax attorney might sound like one thing but they provide different services and charge accordingly. Here is a brief description about each of these personnel and the kind of service they provide.

Tax Accountants Orlando

Tax accountants Orlando can be hired as freelance workers as well as staff members. New entrepreneurs generally hire tax accountants Orlando on freelance basis as it lowers their cost of operations and keep their head count low. Functions of a tax accountant Orlando can range from setting up financial reporting system to payroll management. In a new startup, tax accountants Orlando are responsible for filing annual return of the business and ensuring that the business financial practices are in accordance with the tax codes. They are also responsible for compliance and ensuring the financial health of the business.

Tax Attorney Orlando

Orlando Tax attorneys are lawyers who have specialized in taxation as well as accountancy practices. They specialize in providing solutions in legal matters and are often sought by tax payers who are indicted by the IRS. A tax attorney Orlando can assist you in the following situations:

  • Planning of your estate
  • Filing estate returns
  • Assisting you in incorporation of your business
  • Fulfilling tax requirements of various types of legal entity
  • Managing payroll according to labor laws
  • Assisting in matters of international taxation
  • Handling law suits
  • Representing you in case of tax fraudulent cases.

Orlando Certified Public Accountant (CPA)

Certified Public Accountant caters to the needs of multinational corporations and/or public corporations. An Orlando CPA is qualified to audit the accounts and financial records of a public company. Public companies are those corporations who attain their funds from general public. While there are many advantages of operating as a public company, operations of such entities are often subject to scrutiny by the government and international monitoring agencies. One of such requirement is to have your financial records audited by a Certified Public Accountant Orlando on regular basis. A CPA is responsible for ensuring that the operations of such company are carried out in a legitimate manner and no fraudulent activity is taking place. CPAs are also responsible for representing their clients in case of mergers and acquisitions and while negotiating funds with various financial institutions.

Hiring the right kind of help is crucial in maintaining your finances. As a startup, you can operate by hiring an accountant Orlando on temporary basis but as your business grows, you will need to hire an in-house accountant Orlando for your firm. Services of a tax attorney are best availed on consultancy basis. While a CPA provides specialized services, they can help you in managing business transactions such as mergers and acquisitions.

Perks of Being a CPA

Certified Public Accountants are respected and valued in all the areas of accounting Orlando industry be it government, public, or private. They are very important in the success of any business and employers are now looking for competent CPAs for their organizations. Being a CPA has a lot of perks, some of these are discussed in this blog.

  • Becoming a CPA is not a piece of cake. It takes passion and dedication to become an efficient CPA. Therefore CPAs are greatly admired and respected amongst their colleagues, clients, family and friends.
  • Being a CPA will not only get you a good job but it will also guarantee financial security and good salary package. Experienced and efficient CPAs get salaries between $80,000 to $110,000 with regular increments and promotions.
  • Regular accounting tends to get a bit tedious after a certain amount of time due to the monotony of work but the job of a CPA offers a lot of variety. Being a CPA means that you are not only helping an organization with its accounts but they also help companies maintain their taxes, give them consultation and advice in order to take strategic business decisions, and help them in translating numbers into valuable information. Some more examples of the functions that a CPA is required to perform are given below:
    • Advice about taxes.
    • Consultation to help take business decisions.
    • Auditing services.
    • Finance reporting.
    • Management consultation.
  • Finance is the most important aspect of any business and its importance in increasing day after day. With the increase in its complexity and importance the instances of negligence and criminal activities are also increasing. Therefore organizations are looking for honest and loyal certified public accountants in Orlando who can help them prevent such white collar crimes in their organization.
  • Experienced and competent accounting professionals are in great demand, which means that CPA are even more so. This recent increase in the demand of hiring qualified CPAs seems to be growing by the day. Therefore people who pursue CPA as a career can be assured about landing a great job with the position of their choice. Organizations and accounting firms in Orlando are in constant competition with each other to hire the best and most talented CPAs and soon universities and colleges will also join the race of hiring efficient and qualified CPAs for teaching purposes. At this time when getting a good job seems to be most difficult, a CPA is guaranteed to get a good job.
  • Becoming a CPA requires rigorous training and dedication. There are a lot of skills that you will acquire while you are training to become a CPA. This will give you confidence in your new found abilities and the job opportunities and career growth will help you in maintaining a finer lifestyle.

To become a CPA you will be required to pass a very difficult exam which is The Uniform Certified Public Accountants Examination. After clearing this you need to get your license which again is a challenge in itself but once you achieve the license you are entitled to all the benefits that have been mentioned in this  blog.

If you need more information about our, Orlando 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, 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.


Julian VasquezOrlando Tax Accountant versus Tax Attorney

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