CPA: When Do You Need One for Your Business?

1. CPA: When Do You Need One for Your Business? Whether Whether you business, business, you day, day,accounting accountingcan well. well.There Thereare areinstances business businessdecisions decisionsand you are are a a small you’’ll ll need need a a certified canbe betaken instanceswhen andavoid small business business owner certified public public accountant taken care careof ofby byyourself, whenthe theexpertise avoidcostly costlymistakes mistakesand owner or or you accountant sooner yourself,or oryou expertiseof ofa aCPA andsave you are are thinking sooner than youcan CPAcan canhelp saveyou youtime. thinking of of launching than later. later. While While day canhire hirea a bookkeeper bookkeeperas as helpyou youmake time. launching a a day to to makesound sound First, First, you CPAs CPAs have state state license license that need needto totake takethe theservices you need have to to pass that has need to to understand understand how pass the the exam has good good character servicesof ofa aCPA how a a CPA exam to to get get the the certification, character and and ethics CPAfor forsure? sure? CPA differs certification, and ethics requirement. requirement. But differs from from an an accountant. accountant. The and they they have have to to obtain But the the when The obtain a a when you you 1-When you start Your Business

2. With With the the help that thatyou youcan help of of a a Manhattan Manhattan CPA canavoid avoidthe themistakes mistakesthat CPA,, you thatyou youcould you can couldcost can set-up set-up your costyou youmuch your business business correctly muchmore moreto tofix. correctly so so fix. • • He He can affects affectsthe thetax taxmatters, can recommend recommend the the best matters,and best business business structure andthe thereporting reportingneeds. structure for for your needs. your specific specific business. business. It It • •CPA CPAcan for foryour yourbusiness. canalso business.When alsohelp helpyou Whenyou youdecide decidewhether youare aresetting whethercash setting.. cashor oraccrual accrualaccounting accountingis isthe thebest bestfit fit 2-When You Have to Pay Taxes CPAs CPAs can planning. planning. They liability liabilityfor forthe thenext can prepare prepare the the tax tax documents, They also also advise advise helping nextyear. year. documents, file helping you you strategize file the the tax tax returns, strategize how how you returns, and you can can minimize minimize the the tax tax and provide provide tax tax CPAs CPAs can audited audited and complicated, complicated, and complicated complicatedsituation. can represent represent you and which which are are essential and with with the the services situation. you if if the the IRS essential for for the the consideration. services of of a a CPA, IRS has has questions questions about consideration. The CPA, you about the the returns The business business taxes you can can see see tide returns you you have have taxes are are over any tide over any If If you countries, countries,having all allthe thecompliance complianceis isadequately you have have employees, employees, or or if if you havinga a CPA sell products products to to customers canhandle taxes.He adequatelymet. you sell handlethe thetaxes. met. customers in in multiple Hecan cansave savetime multiple states timeand andensure states or or ensurethat CPAcan that • •The TheCPAs CPAscan canhelp helpyou youunderstand understandand andcomply complywith withthe thetax taxchanges. changes. • •He Hecan canhelp helpyou youunderstand understandwhich whichdeductions deductionsyou youqualify qualifyfor. for. 3- In Special Circumstances for Accounting Advice and Assistance There There are are numerous may may be be a a letter letter from request requestabout aboutthe thereturn. numerous circumstances circumstances when from the the IRS IRS notifying return.You Youneed when you that you hirea aCPA CPAto torepresent you need you are are being need the the expertise being audited representyou. expertise of of CPA. audited or or there you. CPA. It It there is is a a notifying that needto tohire

3. CPAs CPAs have appropriately, appropriately, supply Here Hereare aresome somemore have experience experience in in dealing supply the the information morecircumstances circumstancesthat dealing with information it it needs, thatmay with the the IRS needs, and mayprompt IRS and and painlessly painlessly resolve promptyou youto tohire and can can help help you resolve the the issues. hirea aCPA. CPA. you respond respond issues. • •If Ifyou youare arethinking thinkingabout abouta asmall smallbusiness businessloan, loan,you youneed needto tohave havea aCPA. CPA. • • When When events finances. finances. events in in your your personal personal life life have have the the potential potential to to affect affect your your business business Finally, When When you expert expert advice and and make make sure the thedecision decisionearly you decide decide to to acquire, advice of of the the Manhattan sure that that you earlythan thanlate acquire, merge, Manhattan CPA. you get get the the best lateto torealize realizeall allthe thebenefits. merge, sell, CPA. He best value value of of your sell, or or close He can close the the business, can help help you your business. business. It It is is better benefits. business, you you meet meet the the compliance better to to make you will will need need the the compliance make