By John Knight
A Phoenix CPA is a certified public accountant and this means they have proven and tested knowledge in financial matters. They help individuals and businesses with a range of accounting and finance compliance requirements. And, help them to work out practical ways to solve financial problems.
There is a level of comfort in knowing that a CPA has passed an examination that tests their knowledge and skills. And, this testing is across the whole range of financial matters they deal with. Knowing that they cannot be certified until they have real life work experience means you can be sure you are not dealing with someone who is still learning.
When most people think about what a CPA does the first thing that comes to their mind is the preparation of tax returns. Providing this service is a core part of many CPAs business. Taxes are complicated and making a mistake can incur financial penalties. Nobody wants to have the IRS knocking on their door.
Receiving a notification that the IRS is going to audit your compliance with the tax laws is daunting. A CPA can explain how the IRS will go about doing the audit and help you get everything you will need to satisfy their questions. Having an expert to advise you makes the undertaking a little less nerve-racking.
A CPA is very helpful to business in all sorts of ways. They can prepare financial statements in accordance with accepted accounting standards for public reporting purposes. And, for multinationals they can prepare financial statements that comply with international financial reporting standards if this is required.
If it seems like profits are down but you cannot figure out why, you can get assistance from these finance professionals. Forensic accounting can expose improper practices by staff and even fraud.
To find people willing to invest in a new business can be difficult. Getting a loan requires very detailed financial forecasts. A good business idea is not enough to get started. A complete business plan with financial forecasts has to be prepared to present to potential investors and lenders. A certified public accountant can work with the entrepreneur to compile the financial forecast.
Accountants are useful when business owners want to make their business more efficient. By reviewing the accounting processes, systems and procedures, they find ways to improve practices and provide advice on how to streamline them to be more cost effective.
Seeking advice on finances is a very personal undertaking. As CPAs must comply with a strict ethical code there is some assurance they will protect your personal information, and provide advice that is applicable to your circumstances.
Dealing with financial matters can be a headache and it takes time away from running a business or simply enjoying life. A Phoenix CPA can take away the headache and return that time to you. Having a person to turn to who is certified as a professional in the field of finance, and complies with strict ethical guidelines, can be a relief.
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MLA Style Citation:
Knight, John "Ways A Phoenix CPA Can Help Business To Improve And Grow." Ways A Phoenix CPA Can Help Business To Improve And Grow. 21 Jun. 2010. uberarticles.com. 30 Sep 2014 <http://uberarticles.com/finance/ways-a-phoenix-cpa-can-help-business-to-improve-and-grow/>.
APA Style Citation:
Knight, J (2010, June 21). Ways A Phoenix CPA Can Help Business To Improve And Grow. Retrieved September 30, 2014, from http://uberarticles.com/finance/ways-a-phoenix-cpa-can-help-business-to-improve-and-grow/
Chicago Style Citation:
Knight, John "Ways A Phoenix CPA Can Help Business To Improve And Grow" uberarticles.com. http://uberarticles.com/finance/ways-a-phoenix-cpa-can-help-business-to-improve-and-grow/
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