Whether you are a small business or a large enterprise, your company can enjoy a lot of benefits if you hire a CPA Kissimmee. Though you can do with a general accountant as well, a CPA is a much better option.
An accountant is a professional who has specialized in finances and taxes, and is aware of the latest regulations and policies regarding these. As for a CPA, that is a person who has acquired a certification in a certain state. Generally, every CPA is an accountant, but it is not vice versa.
Mostly business owners make use of accountants, especially the smaller companies in the market. However, there are situations in which a CPA is more advantageous.
A CPA receives a license from state authorities and must always keep themselves abreast of the latest tax laws in that state. An accountant is not licensed, and may not be apt. This is not so with CPAs who are given that title only when they have passed rigorous procedures and cleared tough exams. As such, they are more competent and are better at handling both taxes and financial issues.
Moreover, once CPAs have received their license, they have to continue their education if they want to hold onto it, which implies they are better informed of the latest rules.
A CPA does not really specialize in taxes; they have a number of other skills on their resume as well. However, they keep a closer tab on changes in policies than an accountant does. As such, they can help you out in filling up the forms and filing your return. While this will not be, if you ever fall in trouble with the IRS, a CPA can represent you officially but an accountant cannot. In fact, the IRS classifies an account as an un-enrolled preparer.
In every business, bookkeeping is vital and involves recording incomes, keeping a track of expenses, and other similar tasks. All this is performed through an accounting program. An accountant analyses this information and prepares financial reports. A CPA Kissimmee does the same, but their analysis is more detailed and they can provide you with sound advice.
One of the most notable benefits of a CPA Kissimmee over an accountant is that a CPA can represent you in front of the IRS should you ever have to go through an audit. An accountant cannot do this in most cases, and even if he could, he would have to face limitations and will not have enough experience.
In a nutshell, an accountant is capable of doing the routine work only. They can fill up tax forms for you and file them. However a CPA can make a more informed analysis, provide you financial advice, represent you at an audit and help you in making sound and effective decisions. They may charge more, but factor in the advantages, and the price is worth it.
If you need more information about our Kissimmee accounting and tax services, please contact us at 407-502-2400. 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, 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. (Freedomtax Accounting’s tax and accounting professionals are not CPA’s. CPA services provided by third party provider.)