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Whether you’re filing as an individual or as a small business owner, dealing with financial issues on your own can be overwhelming. That’s why many people choose to work with a Certified Public Accountant (CPA) when they need help with tax preparation or other accounting matters. Choosing the right CPA firm can lend support for a wide range of tasks, as explained below. 

How Can a CPA Firm Help With Your Finances?

1. Taxes 

Even relatively simple tax situations can be complicated when it comes to preparation. However, qualified CPAs know the latest tax codes and understand how to apply credits and deductions. They can help you lower your tax burden in many cases and can spare you from any penalties or late fees by completing your tax return effectively and efficiently. Even a minor typo can delay your refund or call your return into question. 

2. Payroll

CPA FirmIf you own a business, handling payroll can be a complex undertaking. Not only must you ensure all of your employees are paid on time at each pay period, but you must also take out the proper amount of taxes from each paycheck. Failure to do so will land you in hot water with the Internal Revenue Service (IRS) and can make your employees frustrated. A CPA will devote time and effort into the payroll process, so you don’t have to. 

3. Bookkeeping

Small business owners must ensure their books are balanced. Without organized financial records, it’s easy for your organization to miss payments or to overlook late or missed payments being remitted to you. Disorganization can also prevent you from making smart financial choices in the future. With a CPA’s assistance, you can leverage financial records to your advantage. 

 
With more than 25 years of experience, Dianne M. Saunders, CPA, provides essential accounting services to residents of Litchfield, CT. This CPA firm efficiently handles tax returns and provides assistance with business accounting, including bookkeeping and payroll. If you’re interested in expanding your business, they also offer consulting services. Call (860) 567-3022 today to schedule an appointment. If you want to learn more about their services, visit their website
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