Certified Accountant in Bloomington IL
The role of a certified accountant in Bloomington IL is essential to the financial success of an individual or a business. While most of us know that accountants are tax agents and independent auditors, their functions are more than just these two. A certified public accountant works more as a business advisor than as a simple bookkeeper. They ensure the quality of financial reporting and useful recommendations needed for business success. As such, it is the role of certified accountants to strategize with a company's management in order to plan for future events and make informed decisions regarding important financial matters.
Sulaski & Webb, CPAs has Certified Public Accountants in Bloomington IL. Our job is to provide you with customized services to cater to your individual needs. We take pride in knowing that we serve you with our years of training and experience. As our reputation is built on a solid foundation of customer satisfaction, we work hard to fulfill your requirements and achieve the financial success that you are aiming for. Whether we provide accounting services, tax preparation services, advisory services, or any other financial assistance, you can be assured that we have your best interests in mind. Sulaski & Webb, CPAs is your best choice for certified accountants in Bloomington IL.
Why Hire a CPA
While "accountant" and "CPA" may basically mean the same, several differences exist. "Accountant" is a general term that refers to financial and tax professionals who follow specific rules and regulations including the Generally Accepted Accounting Principles (GAAP), which are rules and standards imposed by the Financial Accounting Standards Board (FASB). On the other hand, CPAs are accountants who have passed a licensing examination in a state. Therefore, we can say that all CPAs are accountants, but not all accountants are CPAs. Many small businesses use the services of an accountant, and there are many competent accountants serving small companies.
In addition, for a very small business, an accountant may fill some of the accounting needs, but there are specific instances when using the services of a CPA is more advantageous. One of the biggest distinctions of CPAs is that they are repeatedly tested and regulated by the federal government. Furthermore, CPAs are required to take continuing professional education to stay current with new rules and regulations. Therefore, hiring a CPA means partnering with a knowledgeable expert who is aware of the updates on important matters related to accounting.
Hiring a CPA also helps your company in terms of credibility. When a CPA prepares or reviews financial statements and tax returns, your company improves its trustworthiness. A CPA can also help with designing and enforcing accounting and internal controls such as payroll, cash receipts, payments, petty cash, and others. Moreover, CPAs can help create your organization's initial budget, develop reasonable estimates, determine drivers of revenue and expenditures, and identify breakeven points. This helps set up a sound financial system.
Your CPA in Bloomington IL
As your CPA in Bloomington IL, Sulaski & Webb, CPAs works hard to achieve your financial goals. Whether you’re looking to save some money, prepare your taxes, manage your investments, or plan your retirement, you need a CPA to make the best out of your finances. Hiring a certified public accountant can save you and your business time, money, and confusion. The financial professionals at Sulaski & Webb, CPAs offer an array of accounting and business services to fully support your audit, tax, and financial reporting needs.
We are an invaluable asset to your company, and we employ an inquiring mind when we work on your company's financials. Using our skills and our intimate understanding of your company and the environment in which it operates, we can ask the challenging questions that matter in order to improve your business. Therefore, whether you need auditing services or business tax preparation and planning, Sulaski & Webb, CPAs is the best accounting firm to employ. Trust us today for quality work that will only result in the success of your business. Contact us today for more information about our processes.