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A Phoenix CPA is a certified public accountant and this means they have proven and tested knowledge in financial matters. They help individuals and businesses with a range of accounting and finance compliance requirements. And, help them to work out practical ways to solve financial problems.

Accountants are required to pass the Uniform Certified Public Accountant Examination before they receive the CPA designation. In addition they must have the nominated level of real world experience. Seeing the CPA title means a client can be sure that the accountant has a level of knowledge and experience that has been tested and proven.

When most people think about what a CPA does the first thing that comes to their mind is the preparation of tax returns. Providing this service is a core part of many CPAs business. Taxes are complicated and making a mistake can incur financial penalties. Nobody wants to have the IRS knocking on their door.

Receiving a notification that the IRS is going to audit your compliance with the tax laws is daunting. A CPA can explain how the IRS will go about doing the audit and help you get everything you will need to satisfy their questions. Having an expert to advise you makes the undertaking a little less nerve-racking.

Preparing statutory financial accounts can be a time consuming and complex undertaking for businesses. Some require financial statements prepared in accordance with US GAAP, while others will have to prepare these and a second set that meet international reporting standards. A CPA can prepare these reports for a business and ensure they meet all required standards.

Fraud is all too common in business. Most are perpetrated on a small scale, but this does not make it any more acceptable. Accountants use forensic accounting methods to check whether a business is a victim of fraud. A business owner who suspects this is happening can use their CPA to check their business and recommend controls that can be used to prevent it from occurring.

To find people willing to invest in a new business can be difficult. Getting a loan requires very detailed financial forecasts. A good business idea is not enough to get started. A complete business plan with financial forecasts has to be prepared to present to potential investors and lenders. A certified public accountant can work with the entrepreneur to compile the financial forecast.

If you are looking to improve the way your business operates a Certified Public Accountant can help. They will review your accounting processes and systems and recommend improvements.

Seeking advice on finances is a very personal undertaking. As CPAs must comply with a strict ethical code there is some assurance they will protect your personal information, and provide advice that is applicable to your circumstances.

A Phoenix CPA has been certified to a level of proficiency that means they can help individuals and business on many different financial matters. And, because they must comply with strict ethical guidelines they are the trusted service providers of many businesses and individuals.

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Get the right Phoenix CPA firm to get assistance from by looking online. There you will find many Phoenix CPA choices. Go online today and learn more.

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