Insogna CPA Advises Business Owners to Use a Licensed Accountant

Why Small Business Owners Should Never Skimp on Hiring a Licensed Certified Public Accountant

Austin, United States - April 13, 2023 / Insogna CPA /

Insogna CPA, a leading provider of accounting and financial services, is emphasizing the critical need for small business owners to hire a licensed certified public accountant (CPA) to help manage their finances.

While many individuals may call themselves accountants, only CPAs possess the necessary designation to offer expert financial advice and services. According to the American Institute of Certified Public Accountants (AICPA), "All CPAs are accountants, but not all accountants are CPAs." Becoming certified as a CPA requires rigorous testing and meet all licensing requirements in the state where they practice. CPAs must also continue taking continuing education classes throughout their careers to stay up to date with accounting developments.

Licensed CPAs offer a host of benefits to small business owners. They are considered fiduciaries with a legal duty and power to act in the best interest of their clients. CPAs possess greater expertise on tax codes due to their rigorous licensing examination and continuing education requirements, making them ideal for representing clients before the IRS should audit support be needed. Additionally, CPAs abide by a strict code of ethics aligned with the high standards expected within their profession.

Working with an unlicensed accountant can be risky as they have the potential to disappear from your data at any time. In contrast, a certified CPA has professional responsibility from the State Board of Accountancy to ensure your information remains safe.

Getting Help

Small business owners have varying accounting requirements. For assistance with bookkeeping, they can consider outsourcing it to a specialized bookkeeper. If they need financial advice, a CPA can assess the state of affairs within their enterprise and offer helpful suggestions. If they require assistance preparing their taxes, only an accountant, CPA, or EA is qualified to file their tax returns on behalf of the taxpayer. If they are concerned about employee fraudulence, a forensic accountant can investigate the matter. Finally, if they are a public corporation, CPAs are the only qualified individuals who can create audit reports to provide to investors.

While there are several good resources to get started, small business owners shouldn’t forget to check with a licensed CPA accountant to analyze their business needs to determine which type of accounting professional they need.

About Insogna CPA

As a licensed Certified Public Accounting Firm – based in Austin, TX, Insogna CPA delivers an integrated team of experts dedicated to helping individuals and small businesses under $20M with year-around accounting, tax strategy, and wealth building.

• Dave Ramsey Endorsed Local Provider (ELP)
• Top50 Cloud Accounting Firm
• Inc5000 Series-Most Inspiring Companies in Texas
• #126 Inc. Magazine's Fastest-Growing Private Companies in Texas (2021)
• Top 3 Accounting Firm by Three Best Rated
• Top 3 Accounting Firm by LocalBest
• Member-American Institute of Certified Public Accountants (AICPA)
• Member-Texas Society of Certified Public Accountants (TSCPA)

Contact Information:

Insogna CPA

3355 Bee Caves Road Suite 503
Austin, TX 78746
United States

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https://insognacpa.com/