CPA

What Services Does an Accountant Provide?

»Posted by on Jan 26, 2020 in CPA | 0 comments

Whether owning a large scale or small scale business, business owners usually don’t want to spend their time learning about business accounting matters. These matters might be things such as deduction of employee’s payroll, Georgia tax preparation services, and much more.  

As a business owner, you might want to spend your time on improving your products and services, improving the productivity of your workers, or improving your revenue. Luckily, an accountant can help you. Accountants are experts who offer a guarantee of business financial details that help owners make decisions on resource distribution.  

Here are several services that an accountant can offer: 

Secretarial Services and Company Formation 

For those who don’t know, an accountant can help in the registration of office addresses and the formation of various firms such as the limited companies.  

Management Consulting 

With the knowledge of the surrounding state of the business environment, financial standing, and business tax situation, accountants can provide business advisory services. They can help you recognize a new business gap, check the existing strategies at hand, and provide practical recommendations for a more effective business venture.  

Estate Planning 

An accountant can help businesses and companies get through the complicated financial matters of getting the right estate management planning. 

Financial Planning and Tax Planning 

With the help of an accountant, a lot of the accounting companies provide a huge variety of tax services. In tax planning, an accountant can assist in establishing new tax codes that can help you keep up with the tax regulations in your state. They can also make your business meet financial requirements and deadlines.  

Consulting 

Accountants offer recommendations to customers on the financial tactics by recognizing aspects that are affecting negatively the growth and profitability of the business. Also, they offer recommendations on techniques to be utilized in reducing the tax burden. Furthermore, they can also examine your future plans. An accountant can provide consulting services on financial retirement decisions, business valuations, and computer systems.  

Auditing and Accounting 

Auditing and accounting are the primary services offered by accountants. Accounting services include consultation, creating financial reports, monitoring revenues and expenses, preparations of tax returns, and perfecting of financial services. On the other hand, auditing services provide business valuation services such as the depreciation of your customers and assets or the long-term planning of getting fixed assets. A couple of accountants might also offer forensic services for the business if a business has encountered problems such as fraud.  

Payroll and Bookkeeping 

For those who don’t know, the task of keeping the business records with regards to the financial matters of a business is called bookkeeping. This service usually includes payroll records based on a time period, general ledger, bank reconciliations, taxes, and managing billing records. In addition to that, bookkeepers have the capability to create financial reports to be checked by a professional accountant.  

CPAs also work for the government agencies. They conduct compliance, performance, and financial audits of companies and government agencies. If you are looking for these services, try to hire a certified accountant. 

read more