Everything You Need To Know About CPAs And Accountants
Every business needs an accountant, regardless of other factors. However, entrepreneurs often make grave mistakes when it comes to selecting one. First things first, there's a big difference between accountants and CPAs. In this post, we will discuss that and much more about selecting an accountant/CPA for your company.
Difference between Accountants and CPAs:
A CPA or Certified Public Accountant has similar jobs and responsibilities as that of an accountant. However, CPAS are required to pass certain exams and their profession is regulated by the state. CPAs must also complete CPE (Continual Professional Education) courses, to offer their services in the long run. Accountants, on the other hand, have no such obligation. In more simple terms, all CPAs are accountants, but all accountants are not CPAs. CPAs also offer additional services, such as business and financial consulting, depending on their area of expertise.
How to Select a CPA?
If your business needs the experience and professional advice of a CPA, you have to consider a few things before you hire one. Here are the steps you need to follow.
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