Tax season is prime time for accountants. Both homeowners and business owners are scrambling to file their taxes before the annual deadline. But a quality accountant doesn’t sit around twiddling their thumbs while waiting for tax preparation to begin. In fact, the work of an accountant is incredibly important, regardless of whether it’s October or April.
In addition to tax prep, a certified public accountant (CPA) can also assist with auditing, personal financial planning and even business planning. A CPA has undergone extensive education, a thorough licensing process and on the job experience that makes them equipped to help you with all of your accounting needs. Everyone, including seasoned business owners and the financially savvy, can benefit from the help of a CPA throughout the year.
Here are three other times when you’ll want to consider consulting a CPA.
Personal financial planning
As the head of the household, chances are you only reach out to an accountant when it comes to tax preparation services in Jamestown, ND. While this is a great move to make, your personal finances could also benefit tremendously by undergoing a thorough review by an experienced CPA. They can help you plan for retirement, create a college savings plan, interpret the company benefits at a new job or assist in reducing any financial debt. One of the major benefits of regularly consulting a CPA on your personal finances is that a close client relationship will form over time, which will help your CPA provide advice specifically tailored to your financial situation.
You shouldn’t wait to worry about properly managing your taxes until the annual filing deadline creeps up on you. Oftentimes, many families and business owners are discouraged when it comes to their taxes due to the ever changing tax laws and complicated terminology. Luckily, a CPA can help you easily navigate the confusing world of taxes. By regularly meeting with your CPA, you’ll have the peace of mind that comes from knowing that you’re getting the most for your money, in addition to avoiding steep penalties. But don’t wait until the new year to start. Regular communication with your CPA is the best way to ensure the annual tax filing will run smoothly.
Operating the finances of a small business can be stressful without an extensive financial background. Leave the worrying to a CPA instead. A qualified CPA will not only help you navigate through confusing tax terms, but they’ll also be able to offer assistance when it comes to planning for the future of the business. On top of that, they can also help you build a budget, identify any areas where costs could be reduced and offer advice in increasing profitability.
Ready to stop worrying about your personal or business finances so you can focus on what really matters instead? Contact the professionals at Craig S. Hanson, CPA today. From tax preparation services in Jamestown, ND to personal financial planning, our team of experienced CPAs is on hand to help.