CPA firms offer more than tax returns!

I want to tell you a little bit of what my CPA firm does. And my big hint is it’s not just taxes. Yes, we do many taxes; but my firm does so much more.

One of the significant untapped resources of CPAs is that a lot of us are also business owners. So if you’re struggling with things like your cash flow management, well, we’ve been there, and we have some tips and some tricks up our sleeves. One of my favorite things about my firm is helping business owners manage their cash-flow. If you struggle with your cash flow, you’re not the only one; it’s a big problem for many businesses. It’s one of the main reasons companies go out of business because they can’t manage their cash flow.

One other thing CPA firms offer that isn’t a tax return is payroll. Payroll can be a significant pain in the butt. We’ve got resources to make it easy. I love, love, love using Gusto. And I’ll throw my Gusto link right here. It’s probably the simplest to use payroll system out there. It’s very user-friendly, it’s easy for non-accountants to use. Their support is fantastic. If you ever get an IRS notice or a state notice regarding your payroll, they will take care of it. 

An additional thing we CPAs offer that isn’t a tax return is IRS representation. That means that when you get those nasty grams in the IRS mail, those scary-looking letters and envelopes that can show up from time to time, we take those, we get what we call the power of attorney form, and we represent you to the IRS. There are so many reasons that you should not represent yourself to the IRS. We know what to tell the IRS and what not to say to the IRS. And we’re also more dispassionate than you are because it’s not our money on the line; it’s not our bank account. So it’s easier for us to maintain a level head while talking to the IRS, whereas it’s harder for you as a taxpayer. CPA firms offer more than tax returns!

Another aspect of my firm is profitability consulting, which might be something you’ve never heard of; it’s related to that cash-flow management. We have techniques to make sure your business is profitable. If you’re a brand new business, a long-standing business, or a company with debt, we have solutions and methodologies to help you and get you through any situation.

We also have your more traditional accounting, bookkeeping services that we can do monthly and quarterly. We also offer services that are more management consulting. Sometimes, my clients will come to me for one problem and discover that it is merely a symptom of something else. They might have an issue with their overhead costs being too high, or maybe their marketing isn’t working. So if we can’t handle it in-house, things like marketing. We’ve got experts that we can bring in. They’re generally people that I’ve either known for a long time or have used myself. I’m not particularly eager to send my clients to people who aren’t tested personally by me. So we only give good referrals if we need to send the clients for any exceptional help. CPA firms offer more than tax returns!

And then, the unofficial things that we do, sometimes we’re a part-time therapist. If you’re having many money issues, you might have other problems going on. I can’t tell you how many times I’ve been a family mediator, which is more than a tax return; let me tell you. Sadly, sometimes it’s siblings fighting after a parent passes, sometimes it’s divorce and separation. There are many times where we go beyond our normal function as CPAs to help our clients. But the main thing that we do and what my firm offers is help and guidance to our clients at the highest level we possibly can. So reach out. Schedule a call with me for a free consultation, and we can show you more of what we do beyond your tax return.