Chartered Professional Accountants (CPAs) act as advisers to individuals, businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial matters. Today, many individuals and businesses turn to CPAs for help with tax preparation, personal financial planning, auditing services and advice on developing effective accounting systems. CPAs are distinguished from other finance professionals by stringent qualification and examination requirements.

What can a CPA do for you?

CPAs are business and financial strategists who help chart the paths of businesses and individuals. Individuals turn to their CPAs for tax and financial planning services, investment advice, estate planning, and more. CPAs help businesses determine profitable new product lines, help diversify investments, and provide a variety of other consulting and business services. Through established, long-term relationships CPAs learn your business inside and out to become trusted advisors on major business and financial decisions and transactions.

How can I get the most value from a CPA’s services?

When it comes to working with a CPA, you are in control. There are a variety of things you can do to get the most value out of your time and money spent with a CPA:

  • Before you even contact a CPA, have a list of questions and a clear idea of what you want to accomplish.
  • Before you meet with a CPA, gather all the documents and information you think you may need to bring to your first meeting. This often includes past tax returns, financial statements, investment documents, and any business plans.
  • Keep your CPA up-to-date on what’s happening in your life. Are you getting married, divorced, having children, needing to plan for your child’s college education, expanding a business, or giving the business to an heir? You’d be surprised what life experiences can have a significant impact on your tax liability and personal financial goals.