Not only can CPAs provide you with the necessary financial guidance to make sound decisions about your business, but they can also help you plan for and manage taxes, create budgets, and more. If you’re located near Atlanta, GA, and need assistance with managing your business’s finances, here are four ways a CPA can help.
- Tax Planning & Preparation
CPAs can advise on the most beneficial tax strategies for your business. They will review past records to determine which deductions apply and make sure that all forms are filed correctly. Having an experienced CPA near Atlanta GA, who knows the ins and outs of tax regulations can help ensure that you don’t pay more than necessary in taxes each year.
- Financial Forecasting & Budgeting
Your CPA can review your current budgeting process and assist with creating a new budget if needed. They’ll use historical data to predict future expenses and revenue streams so that you have an accurate picture of where your finances stand now and where they may be heading in the future.
This will help you better plan financially by predicting potential cash flow problems before they happen or identifying areas where investments could be made to further benefit your business.
- Auditing Services
If there is an audit from the IRS or another government agency, you want to make sure that everything is done correctly to avoid any additional charges or penalties.
A CPA near Atlanta, GA, will review all documents related to the audit and answer any questions posed by auditors on behalf of your company. They will also work with other professionals, such as attorneys, if needed during this process.
- Bookkeeping Services
A CPA can take over bookkeeping tasks such as reconciliations, accounts payable/receivable processing, payroll processing, invoicing services, and more, so you can focus on other aspects of your business instead of being bogged down by paperwork or trying to keep up with deadlines yourself.
Having your bookkeeping tasks handled for you frees up time that would otherwise be spent dealing on these tasks so that it can be devoted elsewhere within the organization.
