Many businesses and business owners struggle every day with whether or not they should hire a CPA or a financial planner. While sometimes these job titles can be used interchangeably, they often perform very different functions. The majority of CPAs focus solely on tax matters, but there are some CPAs who can actually help with non-tax matters as well.
The one great thing about those in the financial industry is that many financial professionals have a wide breadth of knowledge, especially CPAs. It all boils down to the experience and area of expertise for the particular person in question. You can have expertise in one area but working knowledge in another.
If you want to know whether your CPA can help you with non-tax matters, you simply need to ask them that question. Your CPA knows their own capabilities better than anyone else, and if you’ve hired an honest one, he will be entirely candid about his qualifications. He will also be willing to point you in the direction of others who may be more able to assist you in the event that his own qualifications do not meet your particular needs.
When in doubt, always seek the opinion of another CPA or other trusted individual in the field; not only can they give you an unbiased outlook, but they can also possibly save you from wasting money in the future.
Does your CPA help with non-tax issues? Are they well versed in subject matters outside of tax? In what other ways have they helped your business grow? Leave your comments below.
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