What Can a CPA Do?

1. WHAT CAN A CPA DO? CPAs or certified public accountants are known to wear many hats to support a small business owner. From handling bookkeeping to preparing vital financial documents, tax filing, etc., they can do many things for you. Below provided are some general responsibilities you can expect from a CPA in Louisville, KY. Tax filing, planning, and advice CPAs are qualified to handle all your business’s tax needs such as, year- round recordkeeping and even filing tax extensions with the IRS. Tax and financial compliance CPAs can also reduce the audit finding costs by negotiating on your behalf with the IRS. This is because they have extensive knowledge and know- how to catch tax and financial problems before they become a problem, therefore preventing any audit. Consulting CPA can also advise you about important financial services like budgets, making financial decisions, financial risk management, etc. They can offer valuable suggestions in complicated scenarios. Forensic accounting CPAs can also offer help in monitoring your books to prevent any fraud. Payroll Besides the services mentioned above, CPAs are qualified to look after your payroll. If you don’t use any top payroll software, then a CPA can help you set your business up with a platform that aligns with your company very well. Bookkeeping CPAs are also helpful when it comes to creating, maintaining, and reviewing your financial books for the entire business lifecycle. In short, there is nothing a CPA cannot handle to keep your small business’s finance management afloat. strothman.com