Preparing for life’s important moments
Most financial events — significant and routine — have tax consequences. Most people only think about their taxes leading up to the due date. CPAs are trusted advisers who assist with a variety of financial issues and their tax consequences year-round.
As CPAs, we know that over a person’s lifetime, there will come to moments in life where the choices they make have significant financial implications. These include getting married, having children, getting a divorce, sending a child to college and preparing for retirement. These events are key times to start working with a CPA because these moments are even more complicated than most clients realize.
The CPA Approach
- CPAs take a holistic view of financial concerns and opportunities, using your tax return as a guide.
- They integrate tax considerations into your entire financial picture.
- They consider how certain financial decisions affect other areas of life — retirement, paying for college, aging parents, etc.
- CPAs implement strategies to resolve immediate issues and proactively identify opportunities for the long term.
- They apply objectivity, integrity and diligence.
The CPA credential
To be a licensed CPA, you have to go through rigorous education, examinations and continuing learning. CPAs have unlimited practice rights before the IRS. CPAs who belong to the AICPA are also bound by its Code of Conduct and Statements on Standards for Tax Services (in addition to other rules).
The Value of a CPA
- Assistance understanding complex tax law (including recent changes)
- Long-term tax planning (and saving)
- A broad base of knowledge with specialized training
- Holistic approach to client’s finances
