Three CPA Benefits for a Small Business

CPA Benefits

The CPA Exam Ensures a Layer of Accountability in Your Financial Services.

While most small businesses appreciate the need for an accountant, not all understand the difference between accountants and CPAs, or why you might need the latter. In reality, small businesses should almost always go with a CPA. To understand why, consider the following CPA benefits.

Licensing

“Accountant” is a general term used loosely across a category of financial professionals. A certified public accountant (CPA) has achieved licensing within a home state. This licensing requires knowledge of updated tax laws, and ensures the highest level of accountability for your business’s finances. CPA licensing also requires a rigorous exam that guarantees proficiency.

Greater Familiarity with Laws

A small business needs an accountant with broad familiarity with tax laws. Most CPAs take annual courses to stay abreast of changes and developments. This knowledge can prove quite beneficial for a small business, as the CPA will know how to best act in the business owner’s interests.

Representation for an Audit

The last point stands as perhaps the most important of CPA benefits. In the event of an audit, a CPA has the licensing to act as representative for the business. This means that, as an owner, you can leave the high-stress wrangling with the IRS to a professional who knows your business.

At Don R. Walker, CPA, we are proud to handle the finances of our clients. If you are a small business in Fort Worth, TX that needs a CPA, look no further than Don. R. Walker. From everyday accounting, to tax settlements and IRS representation, we represent the trusted leaders. To learn more, give us a call anytime at 817-905-1040.