Why Every Business Owner Should Have a Relationship with an Accounting Firm

A Certified Public Accountant or CPA is a trained accounting professional who has received a license to manage, audit, expert opinion, and the analysis of financial records and general ledgers.

To become a CPA, an individual must pass the Uniform Certified Public Accountant Examination, managed by the American Institute of Certified Public Accountants (AICPA), along with meeting education and experience requirements.

Abacus Accounting

Did you know…? The abacus is one of the oldest accounting tools used in commerce and trading, with origins in ancient Mesopotamia in 2700 BC.

CPAs must also follow and adhere to the Generally Accepted Accounting Principles or GAAP, which provide standards for financial accounting to be followed for compliance and consistency in the accounting profession.

With this in mind, business owners working with a CPA gain access to a wealth of experience and knowledge that can help them manage their business efficiently, reducing risks and improving everyday decision-making.

Entrepreneurs often start businesses from a simple idea that creates a solution through innovation and creative genius, and while they can get by for a while on their own, there comes a time when the business can become too complex to manage on their own.

From payroll management and filing taxes to deciding on how to grow and expand, business owners should always consult a CPA to gain perspective on their decision-making, using a CPAs knowledge and objectivity to prevent costly mistakes.

Now, filing business tax forms and making the calculation of tax rates are only a small part of the filing process, since most business owners—no matter how smart or knowledgeable they are—are not tax experts and are not required to complete extenuating continuing education requirements.

In addition, business owners commonly find themselves at a crossroad when they get a certified letter from the IRS or when their business starts to thrive and keeps them away from everyday management tasks, which leads to spreading themselves too thin—and this can cause inefficiencies that pile up until it is too late to deal with them.

Consider working with a CPA who can take some of the weight off your back, managing your bookkeeping and tax filing—so you don’t have to—and start focusing on what’s really important in your business: your customers and their satisfaction.

Contact Kuberneo CPA today to learn how your business can make better decisions for growth and development—you’ll be glad you did.