Whether you launch your first small business or you already operate an existing small business, you should always hire and consider the advice of a CPA. First, it’s important to understand the difference between an accountant and a CPA, because while they both hold an accounting degree, they don’t have the same abilities or qualifications. A Certified Public Accountant has passed the Uniform CPA Exam and has also met experience and good character requirements established by their respective boards of accountancy.  CPAs must also comply with ethical requirements and complete a specified level of continuing education in order to maintain an active CPA license and they have been designated with “unlimited” representation rights before the Internal Revenue Service (IRS). They can represent you on any matters including audits, payment, collection issues and appeals. As a small business owner, it is in your best interest to get the right guidance when you start up a business and receive recommendations as to the best business and legal structure. Legal structures will affect your business tax liability, reporting and requirements and may be difficult to change later on or could require that you re-apply for licenses or acquire a new EIN. Keep in mind that your business taxes are very different from your personal taxes, and a CPA will help you understand and comply with tax laws and changes. In addition, a CPA can offer tax advice when facing a personal issue that could impact your business such as a divorce or the death of a business partner. A CPA can help you make solid financing decisions, as well as guide you through mergers, acquisitions and sales of your business.   We are your small business experts and also bring many years of work experience within the Internal Revenue Service (IRS), so we will effectively handle your taxes and become your trusted business advisor for your new venture!