5 Reasons You Need CPA Brentwood For Your Startup

How can CPAs help startups? As you know CPAs are really expensive than accountants, but what exactly can a CPA do that an accountant can’t?

To start with, who’s a CPA?

A Certified Public Accountant or a CPA Brentwood is someone who acts as a consultant on several issues, including taxes and accounting.

CPAs are trusted financial advisors who help individuals, as well as businesses, reach financial goals.

But what do you need a CPA to help you with?

Pick A Business Entity

You want to consult with a CPA on the business entity type you use- S corporation, C corporation, LLC, sole proprietorship or partnership. The right entity for you depends on the long-term goals and the way you run your business.

Do you plan to own the business or raise funds to grow? How many business partners do you have? Are you operating in different states? Considering these points and more, your CPA can actually help you determine how to structure the business.

Set Up The Accounting System

A CPA Brentwood can help you with setting up the accounting system. Are you using QuickBooks or any other software? Your CPA can help you pick the right software for your business and map the accounting process for invoicing, billing, bookkeeping and more.

Figure Out The Tax Responsibilities

Business owners often don’t realize the tax obligations they missed until they receive a letter from the government with penalty and interest.

A CPA can help you navigate through the tax obligations and deadlines, so you don’t need to worry about it. That’s not all, a CPA knows the right way to fill out the information so you don’t overpay or underpay the taxes.

Plan All Deductions

You don’t want to wait until the last minute to do your deductions. The best CPA prepares you for the right deductions for your startup.

What’s tax-deductible? Any expense such as office supplies, phone, advertising, and accounting fees. Are you using part of your home as your office? Your CPA Brentwood can help you get deductions that might not seem that straightforward to qualify for.

Make Business Decisions Based On Financial Data

Besides the business intelligence and gut instincts, you also need to understand the startup’s financial data to make sound business decisions.

Your CPA can actually help you analyze the business and find the right financial information to help you make more accurate business decisions.

The life of a business owner can be isolating, especially when you’re left with a pile of receipts and invoices to plow through the end of the month or the year.

Now you know what the CPA can do your startup. Hiring an experienced professional is the right thing to do.