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Why Use A CPA?
There are many benefits to using the services of a knowledgeable and experienced accountant. As a sole practitioner CPA, I work closely with my clients to provide them services that they need. Some of the things that I do for my clients are:
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Project how much income taxes they owe. |
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Analyze tax effects of pending transactions. |
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Help select strategies to minimize taxes. |
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Analyze the actual or projected profitability of investments. |
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Compute projected savings for retirement. |
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Advise on planning their estate to transmit their assets to their children or other heirs and to minimize estate taxes. |
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Improve their accounting system (or just straighten out their books)
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Help them prepare a business plan or loan application |
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Train their bookkeeping and accounting personnel (Sometimes busy executives do not have time to direct the work of their bookkeeping staff) |
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Talk to the IRS for them. |
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Help them prepare budgets and review the results of their operations. |
Perhaps one of the most beneficial services that a CPA can provide for someone concerned about their finances and taxes and about the management and accounting for their business is simply talking things over. I can help an investor or business person to sort through the issues and develop plans of action and solutions to problems. Many business people develop long-standing relationships with their CPA's and find it very useful to discuss the organization of their operations and their financial and management concerns with them. And often, the business owners and managers get definite tangible benefits, e.g., savings in taxes, reduced operating costs, solutions to personnel problems, advice on retirement plans, and even help with marketing. And they also get the intangible benefit of having a knowledgeable CPA involved with their business and investments over a long period of time. It is satisfying to know that someone else, who is discreet and knowledgeable, knows what is going on in your business life.
Copyright © 1999 Ira M. Freed |
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