28 Aug 4 Upsides To Partnering With A Certified Public Accountant (CPA) Year-Round
Are you aware that CEOs of Fortune 500 companies hire people smarter than them? One common myth about owning a business is that you can operate it alone. Consider how a CPA can help your business increase in value:
Blended roles as an outsourced team member. A CPA can serve as your business coach/advisor, controller and/or CFO to engage you in regular discussions about internal and external forces that may impact your business.
Expand your understanding of your business’s revenues and costs. A CPA can bring clarity to business concepts like cash flow and profit. Remember, profit is a business solution!
Set up systems within your business. An accounting system is a key tool for business success. Similarly, a business contingency plan is necessary to lessen the impact of economic fallouts. A CPA can help you implement various systems like business strategies that provide timely information for growth.
Training is a requirement of a CPA. The practice of public accountancy is supervised by a board (e.g., Alabama State Board of Public Accountancy, Georgia State Board of Accountancy). Generally, a CPA must complete a minimum of 40 continuing education hours annually. Ethics training is a requirement in most states. Ask your CPA about this year’s hot topics.
A CPA can assist you in areas of start-up consulting, strategies like business development, cash/cost management and various disciplines within accounting like tax planning/bookkeeping. Schedule your free 15 minutes Strategy + Milestone session with Pierce, CPA & Advisors today. Best wishes!
Pierce, CPA & Advisors’ website, social media posts and blogs are meant to be used as informational guides and should not be construed as providing any health, legal, business or accounting advice. A best practice is to consult with professionals like government officials, healthcare experts, Certified Public Accountants, attorneys, etc., about your situation.