The term “CPA” comes up a lot, especially around tax season. But many people don’t really know what a CPA does, much less how helpful they can be year-round. Luckily, Craig S. Hanson, CPA is here to fill you in on some important information about the job, so you can learn how to take advantage of this valuable tax service in Jamestown, ND.
CPAs wear many hats
CPAs (certified public accountants) have a lot of tools in their toolbox. Some of the most important tasks that CPAs perform include:
- Tax planning, including mergers and acquisitions, investments, general tax prep and more.
- Consulting services for businesses, nonprofits, organizations, government entities and individuals.
- Forensic accounting, which involves investigation into areas such as fraud, financial records and possible criminal misconduct.
- International accounting, assisting with things like international regulations and international trade laws, which is a highly sought-after service.
- IT-related services that assist with data security and organizational systems are in high demand, too.
In a nutshell, a CPA’s full-time job is to help individuals, businesses and many other entities flourish legally year-round. Whether you want assistance with your business’ financial planning throughout the fiscal year, or just need a helping hand for your personal tax return, having a CPA in your corner for professional tax service in Jamestown, ND can be invaluable.
CPAs have higher qualifications than accountants
All CPAs are accountants, but the same cannot be said for all accountants—some of whom are CPAs, and some of whom are not. There are absolutely some wonderful accountants out there, but having the title of “CPA” denotes a higher level of achievement, specifically in the form of a professional accounting degree, plus additional field experience and a CPA license.
Perhaps the most demanding aspect of the CPA (in addition to earning the degree in the first place) is passing the Uniform CPA Examination, which is a very challenging endeavor. This specialized exam was created by the American Institute of CPAs (AICPA), and this same institution oversees and grades it, in conjunction with the Boards of Accountancy for each region. A CPA cannot use this title unless he or she has successfully completed this exam.
In fact, the exam is so intense that only about half of all students who take it pass. And once it has been passed, a CPA must still take ongoing educational credits and have their license renewed periodically to ensure that they meet the rigorous standards of the field.
As you can see, the need for expert tax service in Jamestown, ND is very strong, and you may find that you are one of countless individuals and business owners who find immense value in having an experienced professional help them handle the complex world of investments, returns, deductibles, compliance with government rules and so much more.
If you’d like to work with a highly qualified, experienced CPA, contact Craig S. Hanson, CPA today. We look forward to helping you move forward in the financial world with the utmost confidence and success!