Did you know that there is a significant difference between accountants and CPAs in the eyes of the Internal Revenue Service? If your company should be selected for an audited, only a limited number of people can defend you in person. That includes CPAs and enrolled agents. However, an accountant who is not a CPA is considered an unenrolled agent by the IRS.
How well do you understand all the economic resources available to you? We can help you find and evaluate every opportunity to which you and your business are entitled so you can operate at the most fiscally sound level.
When it comes to your taxes, it’s better to have more documentation than you think you need. If you have any questions about what deductions are allowable, we can help you make the determination.
Some of the main tasks that accountants perform are bookkeeping and internal auditing; government regulations and business taxes; and financial planning for individuals and businesses.
While you may have been comfortable completing your tax returns on your own in the past, a significant life event could change your taxes in ways you didn’t know to expect. If you’ve had a life change, you may want to consider working with a CPA to complete your next tax return.
When you file your annual tax return with the IRS, it is important to keep an eye out for potential tax-audit red flags. Some of these are unreported income, large numbers of itemized deductions, too many charitable contributions, and home office deductions.
