Certified Public Accountant (CPA) is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA. In most states, only licensed CPAs are able to provide to the public attestation (including auditing) opinions on financial statements.
CPAs function as independent auditors and act as advisors to individuals, businesses, financial institutions, nonprofit organizations, and government agencies on a wide range of finance and tax-related matters.
To qualify for certification and a state license, an individual generally must:
The CPA plays an important role in business and the economy. Possessing technical knowledge and skills, the CPA is trained to apply sound judgment in business situations, helping people and organizations evaluate the use of economic resources. Today’s CPA provides a wide range of services to various sectors including, but not limited to, the business and corporate industry, government and nonprofit organizations, playing many roles such as:
A CPA can provide the following financial statement services:
Extensions are available and will extend the date to file the return for an additional six months; however the extension to file is not an extension to pay.
We recommend keeping all tax returns and the support for the income and deductions claimed on those returns for 7 years after the date the return was filed. Before disposing of returns and supporting documents, each client should review other agencies that rely on these returns, such as Social Security Administration. Other documents and returns that should be kept permanently are:
As a new tax client to our firm, we would like to have the last filed tax return, federal and state, along with all depreciation schedules. The last two previous returns would be preferred, but one is sufficient. The previous year is requested because there are carryovers from one year to the next and this information helps our CPAs gain an understanding of how your returns were filed in the past.
If you are a returning client, please take time to review the tax organizer received from our firm. It asks questions that will let us know what has changed in your life that will affect your tax filing. It will also remind you of the tax documents and information we used to prepare your previous return. Whether or not you return your completed organizer, please bring the following to your appointment:
All tax documents received in January and February along with annual accounting of businesses including but not limited to: