CPA in Elizabeth, Linden, Newark, Rahway, and Woodbridge, NJ
You have probably heard of accountants being referred to as CPAs or Certified Public Accountants, but what does that really mean? For many people, it doesn’t matter if they have a CPA that they are working with. Having an accountant in Elizabeth, Linden, Newark, Rahway, or Woodbridge for the various things you need will get you what you are looking for. And yes, a CPA can do the same things that an accountant can, but a CPA can also do other things that an accountant is unable to do. When you are looking for an accountant for whatever needs you might have, give a call to Optimum Financial & Tax Services. They can help answer your questions and provide you with the information you need for your home or business.
What Is A CPA
It’s important to remember that all CPAs are accountants, but not all accountants are CPAs. The designation of CPA is conferred upon accountants at the state level, and each state has its own requirements to become a CPA. Typically there is an exam that must be taken, and each section of the exam requires a fairly high percentage of correct answers in order to pass. This isn’t something that happens quickly either; often it takes more than a year of intense studying and taking the exam multiple times to obtain the CPA designation. In some cases, it can take several years. So why would you want to have a CPA instead of a regular accountant?
When you have a CPA designation, you can do things that regular accountants cannot. One of these things is performing an audit for a company. This isn’t the same as being audited by the IRS, as an audit by a CPA is something that you would want to do. The purpose of having an audit by a CPA is to find issues before the IRS does and taking steps to correct them. This is far cheaper than dealing with an audit from the IRS.
Another task that a CPA can do for a business is to provide assurance services. This means that the CPA gathers all of the relevant information that a company’s decision-makers need – be that a general manager and his/her team, a board of directors, or others – and presents this information to them along with making sure that they understand what they are being presented. It does no good to have the information if you don’t understand what it means. Whatever your business is in Elizabeth, Linden, Newark, Rahway, or Woodbridge, give a call to Optimum Financial & Tax Services.