Billions of hours are spent every year on adherence to the national tax code. A qualified tax firm can help you lower the amount of time you spend on your business taxes and ultimately help you save money. However, when choosing a firm, stick with a CPA firm.
The Benefits of Working with a CPA Firm
A CPA firm consists of certified public accountants (CPAs). CPAs are individuals who have completed the work and educational requirements to obtain the CPA licensure; they’ve also completed all portions of the CPA exam and adhere to a strict ethical code of conduct. Here’s what you need to know about the differences between a CPA firm and a typical tax firm.
1. CPAs Are Knowledgeable About a Variety of Tax Situations
When you use a CPA firm, you can have confidence they can handle a variety of complex circumstances that can impact your taxes. Not only will a CPA ensure your taxes are filed accurately, but they will confirm that you’re receiving all of the deductions and credits you’re entitled to. An ordinary tax firm that lacks the specialized knowledge of a CPA firm is more likely to overlook possible savings on your return when dealing with an intricate tax situation.
2. A CPA Can Better Assist with an Audit
If you find yourself facing an audit letter from the IRS, you want the security of knowing you have an expert on your side. A CPA is permitted to represent taxpayers when dealing with the IRS; other tax preparers may not have this designation. This means your CPA firm can interact with the IRS on your behalf to provide evidence and an explanation for any deductions or credits that may be in question. If your old returns are being audited, your CPA will examine them and give you an unbiased, professional opinion as to whether you’re likely to owe more in taxes.
3. CPA Firms Can Help with Other Financial Matters
In addition to preparing your taxes and recommending steps to help you lower your tax obligation, your CPA firm may also provide other financial services. For example, your firm can prepare financial documents for you to provide to your current and potential investors. Or, if you’re concerned you’re not making the right financial moves for your life goals, a CPA firm has the expertise to help you get back on track.
Why Choose Gurian CPA Firm?
Gurian CPA Firm, unlike many tax accounting firms, specializes in complicated tax situations. If you own a large business, or multiple large businesses, the experts at Gurian CPA Firm know what to look for to ensure you get all the deductions and compensation you deserve. We also work with individuals in high tax brackets who want to make sure their taxes are filed correctly and that they are not over- or under-paying the IRS. If you live in the Houston or Dallas areas, contact us today at 469-374-3150 for more information on our services.
