The Right CPA for the Self-Employed Individual

Nov. 10, 2010 - PRLog -- If you're a self-employed person it's encouraged that you simply acquire the services of a CPA (certified public accountant) to assist you from the get go. This person can help you to get an understanding of the numbers and give you advice on which decisions are usually more prudent.

Also, there are many legal procedures that you should be aware of as a self-employed individual. Depending on the classification that you will receive the accounting and tax implications may be different. The CPA can be there to work with you so that you can keep abreast of the day to day operations of your business and make any changes if required to ensure productivity and profitability are achieved over time.

The accountant that you employ is there to handle the tax responsibilities that you have. You will discover differences towards the tax that you would pay being a self employed person versus the tax that you would pay when you're hired by a firm. The aim is always to stay on the good side of the local, state and federal tax authorities.

What most self-employed individuals do not understand is that the CPA is not there to physically crunch the numbers. It's essential to hire bookkeepers to do that. They are there to offer financial strategies and to be business consultants. They can be contracted to be the second pair of eyes in order to ensure that your financial records are kept correctly so when it comes to an audit by the IRS, you and the CPA are prepared to defend your tax return.

You must do the proper investigation and conduct the necessary interviews prior to taking on the assistance of a particular CPA. Don't forget that this is the person who is going to be handling your private information and facts. You should be comfortable with them and believe in them entirely to be able to work with them effectively. A good Certified Public Accountant will more than pay for their services in the money saved with the use of all available tax provisions.

Georgia residents can contact http://cpamariettaga.com to prepare for 2010 tax filings.

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Looking For An Experienced CPA in Marietta GA? Whether you need a CPA for individual tax returns, corporate tax returns, tax planning, retirement planning, estate planning or financial statements , you'll find the best Marietta CPA at http://cpamariettaga.com