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While some people use the terms interchangeably, there are quite a few differences between certified public accountants (CPAs) and accountants. If you’re seeking accounting services, knowing the difference between these two positions is crucial. With the right information, you can rest assured that the guidance you receive is best for you and your accounting needs.

Different Accounting Services Offered by CPAs & Accountants

Small Business Responsibility

In most cases, small businesses will be better served by CPA firms than uncertified accountants. This is especially true for businesses that are obligated to undergo an audit of their financial statements, which only CPAs are permitted to perform. CPAs can also act as a trustee for a business, which means they can make important decisions on its behalf.

Tax Preparation

accounting servicesTax codes can be so complex that educated-but-noncertified accountants may be in the dark. A CPA, however, will have the knowledge and ability to prepare taxes for businesses as well as individuals, thereby limiting the chance of penalties or audits. If an audit does occur, your CPA can represent you during any subsequent hearings. This can be comforting, as audits can be difficult and time-consuming for the average person to navigate.

License Requirements

To become a CPA, an accountant must undergo extensive training. This includes up to 150 hours of lessons and classes, as well as advanced training related to accounting services. Along with this initial training, CPAs must partake in ongoing education to ensure their license remains intact.

 

Serving clients in Litchfield, CT, and surrounding areas, Dianne M. Saunders, CPA offers the benefit of over 25 years of experience to local clients. You can learn more about the full range of accounting services offered, including small business accounting, by visiting the website. If you’d like to schedule an appointment, feel free to call (860) 567-3022 today.

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