CPA or EA for Tax and Accounting

Why Small Business Owners Need a Certified Public Accountant

As a Los Angeles business owner, you will no doubt be looking to maximize your profits by earning as much money as you possibly can, without spending more money than you have to.

The problem here is that some business owners take things to the extreme and refuse to spend money, even if it is on business necessities that would improve the business and save them time in the process.

When the time comes to file your tax return and get your accounts in order, the last thing you want to do is file late or find yourself on the wrong side of the IRS. This is where it pays, literally in some cases, to hire a CPA or EA for tax and accounting.

Get a free evaluation by calling us today at 1-877-788-2937.

What Are CPAs?

A CPA, or a certified public accountant, is an accounting specialist that help business owners and taxpayers in general, get their books, taxes, tax returns, accounts, and finances in order so as to prevent them from incurring the wrath of the dreaded tax man.

All CPAs, EAs are accountants, yet not all accountants are CPAs. CPAs & EAs offer a variety of services including:

• Tax preparation
• Tax and accounting advice
• Financial statement preparation
• Bookkeeping help
• Tax planning
• Tax representation
• Payroll processing
• Retirement preparation
• Business advice
• And more…

If you’re a Los Angeles small business owner and have not yet hired an EA or CPA for your tax and accounting, you may wish to rectify this sharpish.

Why Hire a CPA for Tax and Accounting?

Okay, so, now we’ve piqued your interest and you’re considering hiring a CPA but have yet to pull the trigger and commit to hiring one? If that is the case, here are several reasons why, as a small business owner, hiring an EA or CPA for tax and accounting is the right thing to do.

CPAs & EAs Can Act on Your Behalf

Say for example, you find yourself on the wrong side of the IRS and find that they are pursuing you for failing to file a tax return, for filing late, or filing incorrectly, what do you do?

Well, rather than deal with the IRS yourself, it is far better to hire a CPA or EA and have them act on your behalf.

They can speak to the IRS for you, they can offer you help and advice, they can help rectify the problem asap, and in the unlikely event that it does go to court, they can actually legally represent you.

You’ll Avoid Fines and Penalties

Life can get hectic from time to time, and no matter how careful we are, sometimes things just get away from us and we find ourselves struggling to meet deadlines.

The IRS however, don’t want to hear your sob story if you fail to file your tax return on time, instead, they’ll not only take what they’re owed, they will also hit you with a hefty fine or penalty for late filing.

As a business owner, you want to maximize your profits, not waste them, so of course you don’t want to have to pay the IRS more than you have to.

By hiring a CPA for tax and accounting purposes, they will ensure that everything is filed and submitted when it is supposed to be, allowing you to continue running your business, rather than wasting time on paperwork.

You Will Have More Time

On the subject of wasting time, another great reason to hire a CPA is simply due to the fact that you’ll have more spare time.

It is very time consuming running a business and it can eat away at the hours in the day as it is, and that’s without having to worry about getting your tax return and your accounts in order.

Hiring a Los Angeles EA or CPA is very beneficial for people looking to save time because it means that the CPA will handle the taxes and the accounting side of things, allowing business owners to focus on running their business and actually enjoying their spare time when they aren’t at work.

You Won’t Need to Worry

Paperwork isn’t for everybody and sometimes it can pay to hire a CPA simply because of the fact that you can benefit from peace of mind.

If you find yourself worrying about how you’re going to find the time to file your tax return and anything else requested by the IRS, a CPA is a great investment because they will offer you peace of mind.

Having a CPA take care of your tax return and accounts is ideal because you can relax, safe in the knowledge that you tax return, books, accounts, and finances will all be in order as they are being taken care of by a professional.

Your Business Will Be More Organized

If the above wasn’t sufficient enough for people looking for reasons of whether or not to hire a Los Angeles based CPA for tax and accounting, how about getting your business more organized?

Even if you are a small business owner, keeping receipts, invoices, bank statements, and other financial information neat, tidy, and organized can be very tricky, and again, it can eat away at your time.

CPAs, EAs can get everything relevant for your business nice and organized so you can find it when you need to, and again, so you can focus on actually running a business, rather than being a human filing cabinet.

A CPA Could Expand Your Network

As the saying goes, ‘It’s not what you know, it’s who you know’.

The last reason for you to consider hiring a CPA for tax and accounting purposes is simply due to the fact that doing so could help you to expand your network.

CPAs will work with other businesses, they will be in contact with mortgage brokers, financial advisors, IRS representatives, and countless other individuals.

Whether you want to expand your business network, or speak to another expert for personal reasons, a CPA will likely be able to give you the name and contact details of exactly who you need.

Get a free evaluation by calling us today at 1-877-788-2937.