What Can a CPA Do for Your Small Business?
If you are a manager or small-business owner, you already know that you have many responsibilities to make sure that your business is successful and profitable. However, don’t fret; you don’t have to do it alone. Certified Public Accountants can help you with designing your business plan; managing your debt; securing a bank loan. Interest and assets are essential to your business’s financial structure. A CPA can help you with developing a well-defined and powerful business plan, and then bring that plan to life with the proper options. Your CPA’s financial capability will help you to determine how much debt your business can manage; the positives and negatives of a line of credit vs. a loan; and how to look for financing from investors.
The administration of your business is a key consideration. How your company is organized will impact operating efficiency, personal liability, taxes and the way you report business income, and a CPA can help you choose the optimal structure for your business. Your CPA will also be able to provide sound advice about insurance, commercial property, creating a board of directors, disaster planning (to secure your data and assets) and succession planning. Additionally, a CPA will be able to provide you with advice on human resource issues such as job descriptions and more. CPA’s that hold AICPA’s Certified in Financial Forensics (CFF®) credential can assist with fraud prevention. A Certified Public Accountant (CPA) can be an essential to your company. A CPA can also help you establish an effective business plan for profitability, and assist you in setting short, and long-term policies designed to fit your business.
The trust small businesses place in CPAs must be substantiated by strict educational and professional requirements.
CPA’s must follow strict licensing guidelines which distinguishes them from other accountants. Members of the American Institute of CPAs (AICPA) must also abide by a code of ethics, and undergo peer reviews that ensure their work meets the uppermost professional standards. A Certified Public Account’s comprehensive business know-how and financial skills make him or her valued, and a trusted consultant in matters such as financial and tax planning, business valuation, and accounting services. A CPA is one asset you’ll absolutely need as you plan, operate and grow your small business. Not all CPAs firms can offer all of the services discussed here, however, some will offer a difference mix of services.
At Grobe and Associates accountants will deliver a superior service to each client. Grobe and Associates is committed to a fundamental standard of quality, professionalism and responsiveness. We offer a broad range of tax planning, accounting and financial advisory services. See how we can help your business grow and prosper. Contact us for a free initial consultation.