What A CPA Can Do For Your Business

It doesn’t really matter what size your business is, certified public accountants have a knack for working wonders for businesses large and small. In fact, it’s not uncommon for some business owners to refer to them as “miracle workers,” because of the way they are able to transform a business. What’s more, you don’t have to go to Wall Street to find a good CPA firm. There are exceptional firms located all over the country. Regardless of whether you’re looking for a Seattle CPA or a Zanesville CPA, an experienced accounting and business development professional is closer than you think.

Still wondering what exactly a CPA can do for you and your business, read further. This article will offer in-depth insight into several CPA services.

A CPA Can Help You With Health Insurance Planning

Do you provide health insurance for your employees? Health insurance is one area that is fraught with red tape and complicated tax codes – especially these days, given the rapid changes in health care and health insurance legislation. Dealing with these issues can be a great cause of stress for business owners and human resources departments. Believe it or not, a CPAs can help! CPAs have the skills and know-how to guide you through the complicated array of regulations and tax codes related to health care. Working with a CPA on this issue will certainly take a lot of pressure of off you – allowing you to spend more time growing your business.

A CPA Can Provide Essential Business Valuation Services

Determining the full worth of your business (likely your largest asset) can be a complicated matter, one that you can look to valuation services to solve. CPAs are trained and highly-skilled to identify the characteristics that ultimately determine your company’s worth. They can even pinpoint strategies to effectively maximize your business’s value.

Some business owners will overlook this valuable service early in their career because they consider it unnecessary. But the reasons for understanding the real value of your business are endless. Sometimes, a business valuation is necessary for legal purposes, especially if you are involved in litigation, or need to meet IRS regulatory standards. Valuation services are also helpful if you are looking to either sell your company, or undergo a merger or acquisition. Valuation services are also important if you are looking to sell internal stock or buy or sell a business interest. Finally, when you uncover the risks within your business, you can put a plan in place to minimize these threats which, in turn, can increase your business’s long-term value and ease many of your daily challenges. Call a local CPA to learn more.

A CPA Can Help You Streamline Your Accounting Department

Since accounting is a CPA’s specialty (“accounting” is in the name, after all) a CPA is highly-qualified to help you streamline your accounting department. This could mean examining your accounting department’s current processes, and making recommendations that will help you increase accuracy and efficiency. It could also mean recommending accounting software that will greatly help you with your day-to-day accounting activities. Your imagination is the limit. CPAs can also help with payroll, one of the most dreaded tasks any business faces. Additionally, CPAs can help your accounting department with such complex issues as making forecasts and projections, which help monitor your company’s growth. Finally, a CPA can help with monthly, quarterly, and year-end accounting, so you do not have to stress out when it is crunch time. If you are having accounting woes, talk to a local CPA as soon as you can and put your business back on track for success.