What Is a Certified Public Accountant?

For many private citizens and small business owners, filing taxes can be a daunting task. Tax preparation can be stressful, and few people have a complete understanding of up-to-date tax law. Tax professionals can be very helpful for people who want to be sure that their taxes are handled properly and they aren’t paying more than necessary. If you want the confidence of knowing that a professional is on your side, a certified public accountant (CPA) can help. In today’s blog post, LongSchaefer will explain the details about certified public accountants. 

What Is a Certified Public Accountant?

A certified public accountant is an accounting professional who has fulfilled their education and experience requirements and passed the CPA exam. Certified public accountants serve their clients in many different capacities. Some CPAs work in auditing and financial analysis, some work as forensic accountants, while others work in tax consulting. However, for the average private citizen or small business, CPAs are most commonly employed when it comes to tax preparation and services. 

What Does a CPA Do?

As noted, CPAs work in a variety of different tax fields. Tax service is one of the most popular career paths for certified public accountants. For CPAs in that career path, they will often work with private citizens and businesses to help handle their taxes. This may include providing financial advice, filing taxes, managing payroll, and representing their clients during an IRS audit. CPAs provide valuable advice and professional guidance that can save individuals and businesses substantial amounts of money.

Why Are CPAs Important?

For the average citizen, filing taxes can be difficult and stressful. Certified public accountants make it less stressful and ensure compliance with the law. When you use a CPA for tax preparation, you can be sure that your taxes are filed properly and you are getting the largest possible tax deduction.

Contact LongSchaefer for More Information

If you are looking for professional tax services, LongSchaefer can help. For more information on how we can help, give us a call at (513) 245-0300 or contact us online today.

Reasons You Should Hire a Small Business Accountant

Reasons You Should Hire a Small Business Accountant

Whether you are starting a small business or running one that has been established for years, you should consider hiring a small business accountant. In this blog, the team at LongSchaefer presents a few reasons why you should hire a small business accountant.

Make Intelligent Financial Decisions

Even if you feel like your business is doing fine, an accountant could allow you to bolster your billing systems, and increase your receivables and time payable. An accountant could also help you by consulting on financial decisions. They helpl monitor your financial reports, and provide valuable analysis.

Protect Your Business

If you hire a reputable professional, you know that your financial information is protected and you are on track to accomplish your goals. If you are feeling overworked, and you worry about how much your responsibilities will grow as your business grows, it is the right time to hire an accountant. If your business is in its infancy, you should hire an accountant to help you prepare your business plan and apply for commercial financing. We could help you to structure your business, to optimize for tax and revenue. When acquiring new assets or selling existing assets, consulting with your accountant could maximize your returns. We are dedicated to supporting the financial success of your business.

Contact LongSchaefer Today

If you are looking for an experienced accountant to help your business, at any stage, look no further than the experts at LongSchaefer. The LongSchaefer team has been supporting business owners in the Cincinnati, OH, area since 1981. Contact us online or call us today (513) 854-0217.

May 2020 COVID-19 Update

In order to comply with the Ohio Health Department Order & CDC social distancing recommendations, our offices are closed until further notice. Rest assured that our established protocols and available technology will allow us to provide the same level of service and quality you expect from LongSchaefer during this time.

The SBA has announced details of how it’s helping small businesses through the Coronavirus outbreak. The IRS is sending payments to families affected by this crisis. 

Please click on our Coronavirus information pages for more information.