Who are CPAs?

Certified Public Accountants (CPA) are individuals that have complete knowledge of tax rules and can provide advice and guidance to help you get the most out of your savings and investments. These are licensed accounting professionals; they are licensed by the board of accountancy of each state under the resources provided by the American Institute of Certified Public Accountants (AICPA).

Why do need a CPA?

CPAs provide business owners with a range of specialized accounting services. From tax planning and compliance to financial analysis and transaction processing, CPAs provide the business owner with confidence that their finances are managed expertly and accurately. When you hire a certified public accountant, you can rest assured that your taxes will be handled correctly. They will provide your business with the insight and resources necessary to maximize tax breaks and deductions while ensuring that all applicable laws are followed. A CPA can also assist with bookkeeping and accounting functions. CPAs provide businesses with accurate, up-to-date financial reporting to enable owners to make sound, informed decisions. ascentia is a firm with highly professional and skilled CPA in Surrey who can solve all your finance and tax related issues.

How to find a good CPA for personal taxes?

  1. Ask for Recommendations: 

The best way to find a good CPA for your personal taxes is to ask for referrals from friends and family members who have had positive experiences with CPA services. Talk to people who have already used a CPA and ask them what characteristics they found important.

  1. Research CPAs: 

Once you have a few referrals, be sure to do your own research on potential CPAs. You should look for CPAs who are members of the American Institute of Certified Public Accountants (AICPA) or the National Association of Tax Professionals (NATP). Also, check to make sure they have good reviews and positive testimonials from past clients.

  1. Check for their experience:

You need to check for the experience a CPA holds before actually signing him for the job. To become a CPA, these professionals undergo years of training, but this is not enough. You need someone who has handled quite a few cases every year. The more experienced professional you find the better it will be for you.

  1. Make sure they are genuine:

It is important to verify your CPA before finalizing him/her to stay safe from fraud. The first thing you need to check is the IRS registration and the preparer’s tax identification number (PTIN). A certified CPA must be registered with the IRS. Also, you can verify them using their PTIN by searching it in the IRS return preparer office directory. Also, verify their license is true by searching their records in the state’s board of accountancy.

  1. Make sure they e-file and provide audit defense:

You need to make sure your CPA should e-file your tax return. IRS provides multiple benefits for e-filing. Also, e-filing tax helps attain more accuracy and avoid incomplete or wrong entries. Also, your CPA should provide assistance in cases of any audit query/error. They should handle cases before the IRS or tax court in cases of any error as these individuals are well-versed and experienced in handling such situations.

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