There are a number of reasons you should use a public accounting firm.

Whether you’re a freelancer, contractor, or small business owner; using a public accountant is a no-brainer!

Public accountants can help to save time, stress, and money when it comes to your finances. That’s because their credentials, experience, and expertise cannot be compared.

If you’re still not convinced why a public accountant can help, continue on to the article below where we’ve outlined our top reasons why you should re-consider using one.

Their Training Level

When compared to other (private) accountants, the training level that a public accountant receives is much higher. This is not to say that visiting a private accountant can’t be helpful, however, the training that a public accountant receives is more diverse.

On average, private accountants at a firm will likely have a high level of education and experience in a number of different industries. More specifically, they have been trained to analyze and understand all types of accounting systems for business owners.

This can be beneficial to you, seeing as they can quickly analyze, understand, and audit the systems you currently have in place. This can help to improve your financial performance, spot potential issues, and learn how you can harness the systems you currently have to grow your company.

Simply put – a public accountant will be able to determine if your business is running smoothly. Therefore, failing to visit one, can leave you susceptible to an inaccurate read of your financial status.

Their Varied Experience

Another beneficial reason to use a public accountant is because of how diverse their experience is. This is unlike private accountants, who tend to be involved in a single industry and way of doing things.

On the other hand, public accountants have to maintain industry standards. Meaning, they will constantly be up-to-date will all the latest tools, tricks, and regulations that define a particular industry.

They are also accustomed to auditing different types of businesses, which would have likely exposed them to different ways of thinking.

Plus, all public accountants need to be CPA certified, whereas private accountants don’t. Although private accountants are required to have some sort of certifications or qualifications, these credentials are not equivalent to the education level that a CPA certification gives.

For these reasons, it is likely much more beneficial to use their services for your small business as they will likely be more helpful and qualified when it comes to completing an audit.

Numerous Services Offered

Visiting with a public accounting firm is also beneficial because of the vast amount of services they offer. These services are important for small business owners who might need some specialized help in understanding their financial records and improving on their systems.

Unlike private accountants, who will be more helpful with organizing and filing, a public accountant can really give you some valued insight into your company’s standing.

Some of the services that a public accountant can help a small business owner is a full audit of the company, tax filings, and deductions.

Given their expertise, they will also be better equipped to suggest new ways of running things if they spot inefficiencies. Finally, they will likely be able to answer questions and inform you of things you might have overlooked (such as deductibles, new regulations, etc.)

Overall, visiting a public accountant can be a rewarding experience. Given their high level of training, industry knowledge, and professionalism, every small business owner should give their services a try. If you’d be interested in learning more, give us a call at 407-328-5001.

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