A CPA can offer a broad number of services, including financials for individuals and businesses, tax advising and auditing. They can also consult on issues concerning human resources, technology, management and forensics. The wide range of services CPAs offer allows them to be of service to any business or individual.
Auditing and Accounting
- Prepare, organize, assemble, review and survey financial statements
- Provide reassurance to a company’s stockholders that the company is reporting their financial statements and status honestly
Assurance
CPAs can also provide expertise in other areas alongside traditional services:
- CPA SysTrust – analyzes reliability in systems and addresses needs in confidentiality, security and availability
- ElderCare Services – reassurance for the long term care goals of elderly family members when they can no longer make independent decisions
- WebTrust – addresses issues in electronic commerce and works to protect clients’ security, confidentiality, availability, and online privacy
Business Financials
- Assist clients in finding financing
- Conduct studies in credit, cost analysis, managing inventory, and financial history
- Develop systems for accounting
- Create budgets and projections
Business Legal Proceedings, Valuation and Forensics
- Determine the monetary value of companies or intangible assets
- Examine financial records and projections
- Assist attorneys by developing studies for business valuation and damages
- Able to testify in court as an expert witness
- Act as a resolution liaison for bankers and attorneys in the event of divorce settlements, bankruptcies, business acquisitions, or other disputes
Human Resources Consultations
- Develop policies for personnel, job descriptions, handbooks or overall systems
- Advise on policies for compensations packages
- Create additional systems for retirement, fringe benefits, and compensation
Management Consultations
- Oversee processes for planning risk management, realistic goal setting, and actions to increase profit or market shares
- Develop and execute Management Information Systems according to the needs of a company
- Examine operations and provide feedback in order to improve overall efficiency and resource optimization within a business’s structure
Personal Financial Planning
- Advise individuals on financial planning including education savings, purchasing real estate, and retirement and estate planning
- Assist clients in securing credit and loans
- Create growth plans for savings and investments
Tax Advising
- Collaborate with clients to establish short-term and long-term goals for lowering tax liabilities
- Ensure tax law compliance for their clients
- Advise on retirement and estate planning in order to reduce taxes on estates and inheritances
- Prepare tax returns
- Mitigate tax issues and provide representation for their clients before government agencies
Technology Consultations
- Recommend technological solutions for business issues
- Advise on software for businesses and accounting
- Manage business software installation and training processes
