A Certified Public Accountant (CPA) provides guidance on Generally Accepted Accounting Principles and the tax effects of business transactions. CPAs help plan tax strategy at the federal, state and local levels and provide support through any audits with the IRS. In addition, CPAs provide formal or informal auditing services and are a second set of eyes to ensure all bookkeeping has been done properly. CPAs leverage the accounting records maintained by a bookkeeping firm to provide guidance on larger matters.
What a bookkeeping services firm provides includes understanding the details of your business, efficiently organizing many transactions, understanding how cash flow affects operations, and what reports you need to make the smartest decisions. They are also experts at managing your QuickBooks or other financial software.
While there may be potential synergies, we find engaging separate firms to advise on your tax needs and small business bookkeeping needs provides a better outcome because:
At BudgetEase, we believe that you are “better together” with a bookkeeper and a CPA firm. As small business bookkeepers, we love working with CPA firms to service our mutual clients. The CPA and bookkeeper relationship is an important part of your team to make YOU more profitable.
If you need another set of eyes on your books, BudgetEase is here to help! I am Kathy Dise with BudgetEase, and you can contact me for a free consultation at kathy@budgetease.biz