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Business Consulting | Start Up Businesses

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Have you recently opened a business? Are you starting to find some holes, or need help in your processes and aren’t sure how to fix them? A Reno CPA can help you find the best ways to ensure your business adapts to all rapidly changing needs a new business can go through.

Meeting with your CPA quarterly can keep you on track too. Are you aware you have to pay income taxes on an individual basis for your business earnings? What do you need to do with a person who is helping you out–should they be an employee or a general contractor? Understanding the advantages and disadvantages of both will help you make the best decision for your business—and bottom line.

Evans Nelson & Company CPAs is here to help you with these kinds of questions, decisions and choices. Our business experience and knowledge can help you ensure your new business is financially sound with smart choices that will better enable you to manage your business instead of worry about it.

Say it’s Dec 28th and you realize you have a huge tax liability. What can do you do to avoid paying this? Should you delay income, spend more income, or increase your expenditures before the end of the year to save money? Purchasing capital equipment, or a computer you need may help to actually save money, and help keep your business financially sound.

Many new business owners may not know these effective ways to save money, minimize your tax liability, and many other things that can affect the business long and short term, tax wise and financially. Certified Public Accountants can help businesses that have gotten started but really don’t have a good handle on where they can save money and avoid problems. Reno CPAs are here to help move your business forward to that next level of success.

Business Consulting | Start Up Businesses2016-09-22T16:08:55-07:00

Earn a Great Living as a CPA

Career in AccountancyA certified public accountant is often times the first line of defense for business owners who need to make sure that they are filing all of their tax forms properly. There are currently over one million CPAs practicing in the United States. While that may sound like a lot, the truth is that there is room for plenty more.

To become a professional CPA, one must pass the Uniform Certified Public Accountant Exam after meeting certain state and federal experience and educational requirements. CPA certification requirements have varied over time, in order to make sure that those who earn their certificate are able to provide the highest quality service to their clients. CPAs have the skill to complete a wide range of finance related jobs with extreme competency.

A small business CPA will also have the ability to spot and correct financial errors before they cause serious damage. Errors like this could cause financial hardship, even forcing a business to shut down or trim their workforce. It could also end up forcing the IRS to pay them a visit.

CPAs can also serve as consultants and sounding boards for their clients new business ventures. Advice from someone who has meet all of the necessary CPA requirements is something that most business owners would love to receive.

As a certified public accountant, one could help a business to improve their overall credit rating. Those businesses that have been struggling due to poor planning or the recent recession could be saddled with a higher quality financial plan. The right bit of planning from a CPA could be all that is needed by business owners who have fallen on hard times.

Perhaps the best news is that those who decide to become a certified public accountant will probably never have to worry about being out of work. One thing for certain is that there will always be a need for those with high quality accounting skills!

Earn a Great Living as a CPA2016-09-22T15:42:09-07:00

Three Key Facts to Know When Prepping for the CPA Exam

Three Key Facts to Know When Prepping for the CPA ExamScores of colleges and universities offer the chance to major in accounting, because of how versatile the degree is. Indeed, by taking plenty of business courses with a focus in accounting and financial management, you’re diversifying yourself in order to fit into a number of different industries. But just because you graduated with a degree in accounting doesn’t automatically make you an accountant.

Becoming a certified public accountant, or CPA for short, is a benchmark many choose to go on and accomplish, because it greatly increases their employment opportunities. CPAs tend to be in high demand because their services are just as good as those of tax relief attorneys but at typically more affordable rates. Plus, CPAs can provide auditing services to the public, as well. Since becoming a CPA is a significant commitment, here are a few items you definitely need to know before you consider it:

You’ll need a college degree.

Just like you can’t be expected to become a plumber without having the necessary training first, you likely won’t be able to pass the CPA exam without a number of years of college under your belt to lay the groundwork. Your degree track might be very regimented, but take courses in business law and other areas of management, too, in order to get a full education in the field. Then, the real fun can begin.

You’ll need to study. A lot.

The best form of CPA training and practice is to simply bury yourself in books for the months leading up to the exam. The CPA certification requirements always involves successful completion of the examination, which is uniform across all 50 states and in Guam, Puerto Rico and the nation’s capital. Think of it as the bar exam but for accountants and you’ll be able to view in it the appropriate context.

You could benefit from CPA training courses, too.

Familiarize yourself early on with the CPA requirements. If they sound absolutely overwhelming to you and you begin to hyperventilate, it might be a good idea to look into some CPA training classes to help prepare you. The CPA exam is particularly daunting, too, since it’s comprised of four different sections, all of which need to be studied for at great length. Everyone learns differently, and if you think you could learn well in a CPA training course, definitely get involved — sooner rather than later.

The most important thing you need to keep in mind is that passing the CPA exam is an investment in your future. Once you obtain your certification, you’ll also need to amass plenty of on-the-job experience, too, to truly learn how to be the best accounting professional you can be. CPA is just a title, and you want to show your employers how valuable you the person can be to their organization. It takes time, but when it comes to CPA training and preparation, it’s always time well spent.

Three Key Facts to Know When Prepping for the CPA Exam2016-09-22T14:22:00-07:00
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