CPA For Small Businesses In St. Petersburg, FL
As a small business owner, outsourcing work is likely to be a necessity as you grow. As a successful small business owner, you will need to get a solid grip on your company’s finances. Having someone handling your accounting can help affect your bottom line, keep you informed as to your company’s financial position, and help avoid late fees for the many filing deadlines. Outsourcing your accounting work can be one of the smartest things you do for your company, and can also be one of the easiest things to do, if you know what you are looking for!
There are many accountants and CPAs that work explicitly with businesses of your size. As a small business owner, be sure to pick one that will handle the unique challenges that small businesses have to face. The next factor you should take into consideration is deciding if you want an accountant or a CPA.
But what is the difference?
An accountant is a professional who reviews and updates your bookkeeping, prepares your financial statements, and does other general accounting like budgeting and basic financial analysis. If your accountant is qualified, they can even give tax preparation advice and handle your personal and business tax returns. While accountants can be highly educated and experienced sources of information, they do not have to take a state-level licensing exam. They also do not need to take continuing education, although many still do for their own growth.
A certified public accountant is an accountant who has passed a state-level licensing exam and continues to take continuing education. They are required to have a deep knowledge of several financial facets. A CPA will be up to date on current tax laws, as well as have certain privileges like the ability to talk to the IRS on your behalf.
At Elevate Accounting Solutions, you’ll have the best of both worlds! Jenny Kervin has 25 years as a CPA for small businesses. Lindsay Kervin has a Masters in Accounting, as well as 10 years experience. Looking to set up a consultation for your business? Contact us today!