Whether you have a small or large business, at some point, you will realize the importance of a Kissimmee CPA for your business. The CPA you hire should be qualified in managing all the financial paperwork regarding tax preparation and financial planning. When a CPA can’t manage all the paperwork themselves, then they hire the services of a bookkeeper to help them manage the paperwork.
That’s why some companies choose to hire a bookkeeper, instead of a CPA. A company thinks that the only difference between the two is the cost of the services they offer. In actuality, the services offered by both these professions differ greatly.
Anyone Can Be an Accountant
If you are good with calculators, understand the accounting software, have basic math skills, and know how to manage a company’s accounts then you can become a bookkeeper. So, how is that possible?
It’s possible because anyone who has the basic knowledge of knowing how to manage the financial accounts of a company can become an accountant. The federal and state have failed to establish guidelines that a person has to meet before they begin practicing. In order to avoid having just anyone view your company’s books, you need a CPA in Kissimmee.
A CPA in Kissimmee has proper qualifications determining their expertise, experience, knowledge, and their right to practice managing accounts for companies. They are not just familiar with bookkeeping, but they have the certificates to prove their competency. The process for becoming a certified public accountant is a tough one.
In order to become a CPA, they have to take many tests and pass them with a good passing score. In the state of Florida, a CPA in Kissimmee has to have passed four exams. After passing all the four exams, only then would they be considered a certified public accountant. Passing those exams ensures that the individual has received proper training to work in an accounting firm or for a company.
Education is Important
In some instances, the experience of a person who has worked as a bookkeeper for several years doesn’t count in the sense that they can’t call or consider themselves as a CPA. In order to be considered as an accredited CPA in Kissimmee, they are required to complete 120 semester hours taking courses such as accounting, auditing, and business law from a reputable educational institution. When your company plans to hire a CPA in Kissimmee, make sure that they met all the education requirements of a CPA.
Staying Current on Laws
A CPA in Kissimmee has to continue educating themselves on new laws and regulations associated with business accounting practices. They don’t want to make an error when filing your tax return because they weren’t aware of a law change. Therefore, it has been made a mandatory requirement for all CPAs to complete 80 extra hours of education every 2 years.
The services of a Certified Public Accountant do cost more, but in the end they will become a valuable asset to your company. Their knowledge, experience, and training will help you make good financial decisions for both you and your company.
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, Clermont, Davenport, Hunters Creek, Lake Nona, and Celebration, 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. (Freedomtax’s accounting and tax professionals are not CPA’s. CPA services provided by third party provider.)