| It is true that many business owners do not really | | | | the company. The important factor is the analysis that |
| know what a CPA can do for them. | | | | a CPA can provide. These analytical skills are |
| A CPA is a professional like a doctor or a lawyer. His | | | | particularly relevant for young companies which are |
| her training is rigorous and diversified, covering topics | | | | more likely to encounter growth, even survival |
| beyond the basics of accounting and record keeping. | | | | difficulties, in their early years. Then the CPA can be |
| He/she can provide advice and services in problem | | | | seen as a safety agent that new companies need on |
| resolution for taxes, investments, financial outlook, even | | | | an administrative, accounting, fiscal, legal and social |
| legal concern pertaining to record and tax | | | | level. A CPA can see and prevent the financial pitfalls |
| maintenance. It is in this capacity that many CPAs | | | | that a budding CEO might overlook. |
| have the confidence of CEOs over many other | | | | Do all companies need the services of a CPA? |
| experts. | | | | No, not all businesses need the services of a CPA, |
| What can a CPA do for you? | | | | large enterprises of course use CPAs or sometimes |
| He/she can intervene in all the situations cited | | | | large CPA firms with experts in many areas, but it is |
| previously. First it is the duty of the CPA to handle all | | | | not mandatory for a small or starting out company to |
| aspects of bookkeeping and record keeping for the | | | | use the services of a Certified Public Accountant. But |
| company. This is the classic mission or at least the one | | | | it should be pointed out that more than 80% of new |
| most people associate with the profession. By leaving | | | | businesses who use the services of a CPA, have a |
| these record keeping, report writing, and tax duties to | | | | better chance to make it in their first 5 years, a rate |
| an accountant or CPA, the entrepreneur is free to | | | | that is greatly diminished for companies that do not |
| consecrate his/her precious time to catering to the | | | | use such a service. It should be pointed out that young |
| business of building client relationships, or to production | | | | entrepreneurs can make decisions that can be costly |
| of goods. | | | | for the company and that the advice of a seasoned, |
| If the company employs an in house bookkeeper, a | | | | well trained certified public accountant can prevent |
| CPA can review, and certify that the books are | | | | financial disaster. |
| accurate and can offer strategies for the growth of | | | | |