CPA in Elizabeth, Linden, Newark, Rahway, and Woodbridge Township
Certified Public Accountants might be overkill in your mind for your situation in Elizabeth, Linden, Newark, Rahway, Woodbridge Township, or the surrounding areas, but that is likely because you may not understand what they can do for you. When you speak with the team at Optimum Financial & Tax Services, they can explain more of what a CPA does and how they can make a difference in your situation. Contact them today to schedule a time to meet with them and learn how they can take you to a new level.
What Makes A CPA?
All CPAs are accountants, but not all accountants are CPAs. To become a CPA is not an easy task, as it combines education, experience, and even testing to prove that you know what you need to. And the test is not easy, as roughly half of accountants who sit for the exam do not pass. But once you acquire the CPA designation, there are new opportunities that open up, including such areas as auditing, tax preparation and consulting, legal consultation, financial planning, and more.
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 for 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.
As you run your business, there may be specific instances when you need a CPA’s expertise. For example, if you receive a letter from the IRS notifying you that your business is being audited, or even if it simply requests additional information about your return, you should hire a CPA to represent you. They have experience dealing with the IRS and can help you respond appropriately, supply the information it needs, and resolve the issue as painlessly as possible.
When you own a business, having a CPA can really help as they are able to advise you on different strategies that you might take with the business. Should you purchase more inventory, how does adding new employees affect different aspects of the business, what are the tax implications of different options that you are considering, plus many more. CPAs can assist you with important financial decisions, budgets, financial risk management problems, and other financial services. When you have a CPA in your corner to help you out in Elizabeth, Linden, Newark, Rahway, Woodbridge Township, or the surrounding areas, you have a great resource. Contact Optimum Financial & Tax Services today to put a CPA in your corner.