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Law & Legal
  1. How to Qualify for a Medicaid Waiver
  2. Six Reasons Someone May Be Placed Under a Guardianship
  3. What Can Be Included in a Will?
  4. How Much Should You Put as a Down Payment on a House?
  5. 3 Assets That Can Fund a Trust
  6. Why You Should Have a Life Insurance Policy
  7. Is Real Estate a Good Financial Investment?
  8. S-Corp vs. C-Corp
  9. 5 Reasons Someone Might Disinherit a Child
  10. Benefits of a Testamentary Trust
  11. Steps on How to Sign Up for Life Insurance
  12. What is the Estate Administration Process?
  13. What Types of Government Benefits are Available for the Elderly?
  14. What is the Job of an Executor?
  15. What is a Simple Estate Plan?
  16. Why You Should Have a Will
  17. 3 Things You Need to Prepare Your Taxes
  18. Tips for Planning an Estate
  19. What is Electronic Notarization?
  20. Are There Requirements to Qualify for Medicaid Home Care?
  21. 3 Benefits of Tax Planning
  22. 3 Things to Know About Retirement Planning
  23. How Does Mental Illness Impact Your Estate Planning Process?
  24. What is a Lawsuit for Wrongful Death?
  25. What is The Tax Code?
  26. Guide to Become a Tax Advisor
  27. Does My Parents' Divorcing Impact My Inheritance?
  28. Guide to Understand When You Should and Shouldn't Buy a Home
  29. 3 Things a CPA Can Help With
  30. Tips to Maximize Your Tax Refund
  31. 3 Reasons You Should Have a Tax Accountant on Retainer
  32. Do Self-Employed Individuals Get Taxed Differently?
  33. What are Unclaimed Funds?
  34. 4 Things to Know About Surrogate's Court
  35. 3 Reasons Having Advance Directives is Important
  36. What are Estate Taxes?
  37. What is The Estate-Tax Exemption?
  38. Who Has to File Taxes?
  39. 3 Reasons You Should Have a Trust Protector
  40. Understanding Spousal Impoverishment
  41. Who Files Taxes For Businesses?
  42. Should I File My Taxes Using Turbo Tax?
  43. 3 Ways to Protect Against Financial Exploitation
  44. Who Qualifies for a Special Needs Trust?
  45. Guide on How to Write Off Business Expenses When Doing Your Taxes
  46. 3 Things Every Small Business Should Know
  47. Why Updating Your Will is Important
  48. What is the Probate Journey?
  49. What Happens if I Don't File My Taxes?
  50. Tax Accountant vs CPA
3 Things a CPA Can Help With {{ currentPage ? currentPage.title : "" }}

A certified public accountant (CPA) is a financial professional who can help businesses and individuals with several financial services. If you’re thinking about hiring a CPA, below are three things a CPA can help you with:

1. Taxes

CPA services are often used to sort out tax issues and engage in tax planning. A CPA can guide individuals and business owners regarding how to position their finances to take advantage of tax laws and save money.

A CPA can also represent you or your business in the event of a tax audit. This can be very advantageous given that IRS audits are often very time-consuming and thorough. Having a CPA on your side can also ensure that you don’t make any missteps that may end up costing you.

2. Budgeting

Individuals and businesses that deal with large amounts of cash flow and capital often turn to CPAs for budgeting advice. A CPA can help you find the best strategies to maximize your income and cash flow while reducing the potential for budgeting errors.

Your CPA can also be a resource if you need to check in on your budget when dealing with large purchases. This is particularly beneficial if you have a high net worth and are not able to keep up with every single dollar that comes and goes from your accounts.

3. Forensic Accounting

Forensic accounting is the process of reviewing financial transactions and accounts to determine what has taken place in the past. This is sometimes done to resolve legal matters, but individuals and business owners may request forensic accounting and audits if a financial situation has become complex and convoluted.

Hire Locally

As a side note, before hiring a CPA, consider searching locally. Local CPAs will have a better understanding of local and state laws as they pertain to things like taxes. If, for instance, you are in The Bronx, consider looking for a Bronx CPA for help with NYC accounting. A Bronx CPA can offer guidance for issues related directly to accounting matters in the five boroughs and The Bronx specifically.

Author Resource:-

Mark writes often about tax and estate planning. His articles may include topics like tax planning, estate planning, business accounting or any other tax service to help the people in needs. You can find his thoughts at business accounting blog.

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