Certified Public Accountant: Why You Need One in 2020

What does financial success mean to you? Security, peace of mind or perhaps more free time spent with family and friends probably sound right. Often times, the shape of financial success will change over the course of time (think: marriage, kids, starting a business). 

It’s deeply meaningful to have a financial advocate along the way, such as a CPA , which allows us to maneuver changing needs and financial obstacles with confidence. Being financially sound is something that most, carefully work at overtime. Having a CPA in your corner, so to speak, would remove the burden and stress off your shoulders and into the watchful hands of a professional. So then, what exactly are a CPA’s qualifications? 

Understanding the Qualifications of a CPA:  A Certified Public Accountant (CPA) is an accountant professional who has passed the CPA exam which consists of four rigorous sessions, meets state licensing requirements and maintains their qualifications to be a licensed CPA. These professionals offer financial and tax expertise and must keep current with ever changing tax laws to maintain their licenses. CPA’s offer objective advice and assistance in strategic and targeted areas.  

Top 10 – When Should You Hire a CPA:

  • Before you start a business or side job
  • If you acquire, merge, sell or close a business 
  • You own rental property
  • When bookkeeping takes you away from more important tasks 
  • Your business has experienced rapid growth 
  • Tax time for businesses and individual filings 
  • Life changes like death (inheritance) or divorce 
  • The IRS contacts you or you owe back taxes
  • Moving to a new state
  • Kids going to college

The Main Objective:

The intention is to build, deepen and maintain a working relationship with your CPA overtime. You should meet regularly, annually, semi annual or quarterly, for a financial check up and most certainly during the course of tax season to ensure you are on the right track.

If you have any questions about our services and how we could potentially be of value to you and/or your business, please contact us HERE or give us a call at 248-934-0550. We would be honored to help.

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