Why A CPA IS Needed In Business

Every business, big or small, faces many of the same situations. One of those situations that affect every business is the issue of taxes. Taxes are no fun to deal with and they can be very confusing. Did you know that the tax code changes every year? Did you know that these changes would affect the way that you do your taxes? Did you know that when your taxes are not handled properly it could lead to fines or even jail time? This is a serious issue that requires a serious mind. Fortunately there are individuals who are capable of handling this situation with relative ease. A CPA Yorktown is the person you need when dealing with tax questions of any kind. The big question that you may be asking is why should I hire a CPA in the first place? This is a great question and the following list will highlight a few strong reasons for hiring this type of professional.

IN every business situation you are going to be faced with being in line with what the government wants. Like it or not, the government sets the rules for business and the rules can change without notice. This can lead to serious issues for you and your business. The best advice that can be heeded by a business owner is hiring a CPA to handle their tax issues. This ranges from local and state taxes all the way to federal tax filings. A CPA has the understanding needed to address this area and to help your business stay compliant with the law.

CPA stand for certified personal accountant. This means that they have been through a rigorous training program as well as annual certification. This is very important for those individuals looking for help on their tax situation. A CPA will go along way towards bringing order to your book keeping. It is federal law that you keep account of every dollar spent and every dollar made. If your books are not in order then the government can, and will, move in and shut your business down. By hiring a professional to handle your tax information you will be better able to handle this potential issue.

Additionally, with the ever-changing laws you need to be aware of what lies ahead for your business. Changing laws will require that your taxes be handled in a different way. One example of this could be the new health care law that has been passed by the congress and the President. This new law will require every employer to have health insurance for his or her employees. This will change the tax law and result in a higher premium for many people. Having this understanding will help your business.

If you are searching for a great CPA in Yorktown, call Carmines, Robbins, & Company PLC. With expertise in both monthly accounting and tax preparation, can help!