When you are running a business, you have to wear many hats. So hiring a CPA is a must for the smooth functioning of your business. If you are wondering what a CPA does exactly and how he can help your business prosper, you are in the right place.

We got in touch with Adam Valdez, an accountant from San Antonio, Tx who shared insight into various roles a CPA can play to help you out.

Who is a CPA?

A Certified Public Accountant (CPA) is a licensed professional who provides accounting, tax, and other financial services to individuals as well as businesses. While all CPAs are accountants and can carry out basic functions like bookkeeping, not all accountants are CPAs.

CPAs have a special license that helps them fulfill the role of a trusted financial advisor for you and your business. Their education and experience enable them to interpret complex laws and regulations and use the information to make crucial business decisions.

Different Services Provided by CPAs

  • Bookkeeping and Accounting:

Every business needs to keep track of financial transactions and record them as per specified laws. A CPA can look after this time-consuming task and keep all your accounting books up-to-date. They will also help prepare various financial statements like cash flow, balance sheets, and P&L and interpret them to find trends and information that helps grow your business.

  • Tax Services:

Every year, you need to file tax forms for the tax liability to the authorities. But determining the exact amount payable and filing the right form can be confusing due to complex regulations.

Entrusting this task to a CPA firm can save your business from a lot of unnecessary stress during the next tax season by preparing your tax forms and filing them on time.

They can also help minimize your tax liability and improve profitability.

  • Business consulting

Business consulting services provided by CPAs can help your business maximize its potential. CPAs can provide you with a deeper understanding of your business and the problems that it faces, and give you the tools to overcome these obstacles.

Whether it is time to grow, sell, acquire or dissolve a business, a CPA will provide guidance and even complete the legal formalities for the same on your behalf.

  • Auditing

One can say external auditing is a key role of every CPA as they are the only authorized accountants for the task. But along with it, a CPA can also do an internal audit to evaluate various systems and processes in the business and suggest improvements.

  • Payroll Management

It can be difficult for small business owners to maintain compliance with the multitude of payroll regulations and ensure they are paying their employees correctly. A CPA can take over this task by disbursing wages and salaries after making required deductions and keeping owners up-to-date with the latest changes in regulations.

  • Litigation:

A CPA can analyze financial records and offer detailed information to lawyers in divorce settlements, mergers and takeovers, bankruptcy proceedings, and property disputes.

As you can see, CPAs are experts when it comes to handling financial information and hence a great asset to every business. So hiring a CPA can help you save money, run your business more efficiently and save you worrying about legal compliances.

If you are looking for a CPA in San Antonio, Tx, you can book an appointment with Adam Valdez CPA. They offer a wide range of services from bookkeeping to estate planning and will work closely with you to meet all your financial needs. So call their office in San Antonio to book an initial consultation with Adam Valdez right away.

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