The Ultimate Guide To CPA And Accounting Services
While the world wide web has made understanding our home finances much more straightforward, it is hard to say for corporate accounting and CPA services. Tax calculations and accounting for even a small business with bare minimum transactions can be complex and necessitate special training and taxation expertise.
A CPA, or Certified Public Accountant, is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals. Whether planning and saving for a new home, opening a new office or scheduling a multi-billion dollar merger, the expertise of a CPA can help.
You risk losing a staggering amount of money by not hiring a professional to handle your finances. Ignoring cash flow problems, missing the tax deadlines, and carrying on with manual calculations can cause far-reaching consequences that shouldn’t be ignored.
So, how do you tell a great CPA from a regular CPA? Why spend the extra cash? To answer those questions, the experts at Michael J. Berger and Co., CPA’s LLP, have put together a guide we hope will be informative.
1. Going for the cheapest option
Shopping only by price and not taking expertise and the firm’s competence into consideration leaves you at risk of choosing sub-standard CPA services. Remember, often, you get what you pay for, so taking cost as the primary concern is a mistake.
2. Waiting till the last minute
Similarly, waiting until the last minute to hire an accounting or tax professional is a misstep that leads to confusion and stress. We suggest you start your search early and be confident in your choice.
3. Going with the wrong recommendations
Getting a recommendation from someone you know and trust is nice. If they are happy with the services provided, you are in good hands in most cases. However, choosing the wrong option based on your friends or family’s opinions can have detrimental consequences. Choose wisely.
Myths that can slip you up
1. Accounting and tax expertise are unnecessary
While accounting and taxation are complex and often difficult and expensive to get done correctly, they are essential to the well-being of a business. Don’t listen to people who claim accounting, bookkeeping and tax services are unnecessary as they do not have your best interests at heart.
2. DIY tax solutions are sufficient
With online accounting and CPA forms giving you information previously hidden and reserved for professionals, people often think they can get away with DIY tax, accounting and bookkeeping solutions. Trying to maintain your books and keep your accounts in order on your own is a great way to save a few bucks, but disruptive and downright detrimental to your business if not done right.
Why we stand out
a. Our experience and reputation
The Michael J. Berger and Co., CPA’s LLP accounting firm, began in 1978. We are proud of our long-term continuity as it means less disruption for you. We have been around for over forty years, and during that time, we have retained most CPAs and accounting personnel and feel this shows dedication to our employees and clients.
b. We are responsive and reasonably priced
We now work in an increasingly digital ecosystem, and innovations in accounting technology have allowed us to automate routine tasks to reduce service costs and significantly increase our accounting accuracy. In our practice, we efficiently use technology to free up resources and reduce costs, allowing our advisors to maximize their asset usage and respond promptly to client issues that matter the most.
c. We offer comprehensive accounting and tax solutions
Our comprehensive accounting services guarantee small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, furnish financial statements, produce W-2s, produce 1099s, prepare tax returns and supply valuable financial and tax advice throughout the year. We also take the time to regularly review your data to ensure you understand your financial status and have the information at hand to make sound business decisions.
If you’re looking for top-quality CPA services, reach out to us at Michael J. Berger and Co., CPA’s LLP. We render personalized accounting services to small and medium-sized businesses. Our certified public accountants and enrolled agents are committed to helping you with all of your financial needs and can make quick decisions to respond to your requirements efficiently. Our specialties include estate planning, auditing, tax planning, IRS representation, and accounting services.