14 May, 2017

Covina, California, CPA Firm, HSRDS, Answers Frequently Asked Questions About CPAs

April 30, 2017 – Covina, CA – Few business partnerships can do more to improve both personal and commercial financial situations than to hire a Certified Public Accountant. However, many in the public are unaware of the range of experience and services a top CPA can provide. The Covina CPA firm HSRDS wants to address this issue by quickly answering the questions they’ve most commonly heard from new clients.

  1. What qualifications does a CPA need?

The title of Certified Public Accountant is tightly-regulated, with a list of requirements which include:

  • Having a recognized Bachelor’s Degree or higher.
  • Passing the rigorous Unified Certified Public Accountant Examination.
  • Postgraduate training, in most states
  • Certification of annual ongoing education
  • Adhering to guidelines of professional and ethical conduct.  
  1. What services can a CPA offer?

Beyond tax preparation, a quality Covina CPA firm can: 

  • Conduct financial audits
  • Act as a personal representative
  • Offer long-term tax planning and advice
  • Consult on financial management 
  • Consult on technology investments
  • Create business financial statements

Essentially, a CPA can almost always provide assistance and advice on any matter of finance or investment.

  1. What should a new business client bring for a first tax preparation meeting.

The bare minimum is the past two years’ tax returns. However, bringing the following will speed up the process:

  • W-2, 1099, 1098, and 1095 forms
  • 1099 Investment Statements
  • Business profit and loss information
  • Itemized deduction totals for medical expenses, charitable donations, and local taxes, among other items. Don’t hesitate to ask about what can be claimed as deductibles.
  • Vehicle mileage information for any company vehicles

HSRDS hopes citizens and businesses around Covina will take advantage of the many services offered by CPAs in the future. Contact them directly today.


HSRDS brings together the talent from two California accounting powerhouses, Forman, Richter and Ruben and Montgomery, Niemeyer and Co. Merged together, they have created a new kind of CPA firm, one focused on bringing high-powered big business accounting to smaller organizations across California.

For more information, visit http://www.hsrdscpas.com or contact (626) 932-0100.

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