Share:

Managing finances can be a complicated job. Both individuals and businesses can benefit from outsourcing these tasks to a professional. If you’re a business owner, working with a CPA firm can benefit you in many ways. From helping you resolve personal tax matters to handling business tasks such as payroll, a CPA firm offers several valuable sources.

4 Services Provided By a CPA Firm

1. Tax Preparation

From individual returns to complicated business forms, a CPA can guide you through the tax filing process, helping you submit forms to the IRS and state and local agencies. They may also help you stay compliant with various tax codes and plan your payments or the tax structure of your business.

2. Business Accounting

Businesses often need help managing their day-to-day finances, from payroll to auditing. A CPA firm can help small and large companies get their books organized, and then manage the financial aspects to make sure everything is in order. This is a valuable resource for busy business owners.

3. Consulting

cpa firmFor businesses that don’t require constant help with bookkeeping, or for those that have staff members take care of the day-to-day finances, CPAs can still provide valuable insights through consulting. This service often involves analyzing the larger financial strategies of an organization and providing guidance to help them make more viable decisions moving forward.

4. Estates & Trusts

For individuals who want to plan their financial future, a CPA firm can help you set up and manage various accounts like estates and trusts. This may allow you to leave money to family members and ensure that it’s used for its intended purposes, while also maximizing your tax benefits now.

Additionally, you can designate a beneficiary to receive funds or property from your business upon your passing. This is crucial, especially if you want to leave your assets to a particular person, such as a spouse or child. If you don’t name a beneficiary, the courts may leave your assets to someone who you may not have chosen as a recipient of your funds, property, and business. 

 

 

If you could benefit from any of these services, contact Dianne M. Saunders, CPA in Litchfield, CT. The CPA firm offers payroll, estates and trusts, bookkeeping, accounting, and tax preparation services for both businesses and individuals throughout the area. With more than 25 years of experience, the CPA is known for providing knowledgeable input and friendly service. Visit the company’s website to browse their services. To make an appointment, call (860) 567-3022.

tracking