Financial and tax professionals are generally termed as accountants, who follow specific rules and regulations including regulations and a code of ethics set by the Financial Accounting Standards Board. A CPA Kissimmee on the other hand, is an accountant who’s required to pass a licensing exam set by the state and government, and is therefore more qualified. We can safely assume that all CPA Kissimmee are accountants, but all accountants are not CPA’s.
The Advantages Of A Kissimmee CPA For Your Small Business
While there are many competent enough accountants who provide their services to small companies and other businesses but there is only so much that an accountant can do especially in the face of certain situations and circumstances for which hiring a CPA Kissimmee is the only solution.
There are a number of reasons why hiring a CPA Kissimmee for a small or single person business in Kissimmee is necessary. There are:
- CPA’s are licensed: – A CPA Kissimmee as opposed to a simple tax preparer is required by the state and government to secure a license, and keep informed on current tax laws to practice and maintain the license. They must also continue with their education related to the profession. Licensed and accredited CPA Kissimmee are more qualified, and hence provide a more comprehensive array of a service portfolio, as compared to a normal accountant or tax preparer.
- More familiar with tax laws: – Accountants are not as familiar with changing tax laws, as almost all CPA Kissimmee are. This is because of the requirement of having to stay up to date on the tax code set by the IRS, by continuation of their education even while practicing the profession. It should be noted that normal accountants and tax preparers are known as ‘un-enrolled tax preparers by the IRS, and the designation lacks the assured certification that a CPA Kissimmee does.
- Provides financial analysis: – CPA Kissimmee do a more detailed and thorough analysis work as compared to simple bookkeepers and tax preparers. They also give helpful and valuable advice on tax and other financial matters. Although a CPA Kissimmee might not always give the best advice to suit or help in a situation, but the individual is prepared to put his/her license on the line and take full responsibility of the advice given.
- Gives audit support: – This is perhaps the biggest and most important reason why small business owners should hire a CPA Kissimmee for help with their business taxes and related financial matters. A CPA Kissimmee is eligible to represent his/her clients before the IRS, and has the full authority to execute claims on our behalf. They can also help every step of the way in the wake of an audit by the IRS.
Summing it all up in a few lines, an accountant does simple routine work and provides basic accounting services in addition to assisting with tax returns, while a CPA Kissimmee is fully certified to represent you at a tax audit, analyze your financial and business matters, and come up with high level tax and business decisions that counter the situation.
If you need more information about our Kissimmee, 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 CPA’s. CPA services provided by third party provider.)