What is an Accountant?
While the title: “Accountant” is sometimes used interchangeably to include “CPA”, “Bookkeeper” and “Financial Planner” there are important differences to keep in mind. If you are in the market for accounting services be sure to understand the benefits, limitations, and qualifications of each.
Different types of accountants
- Certified Public Accountant (CPA)
- Forensic Accountant
- Private Accountant
- Staff Accountant
- Investment Accountant
What is an accountant’s responsibility?
The duties of an accountant include preparing and maintaining important financial documents, preparing tax returns, offering guidance on cost reduction and increasing profits, evaluating corporate activities to highlight areas of improvement, and ensuring either a company or individual is utilizing their assets in a way that follows local and federal law.
What can an accountant do for me?
If you run a business, small or large, an accountant becomes more and more critical as your company expands by ensuring that your books are clear and organized and compliant with the law. A good accountant will help you follow regulations, ensure your books are managed properly and most importantly, give you advice as to how you can reduce tax liability.
What is the difference between an accountant and a financial planner?
The difference is that a financial planner focuses more on the investment and future side of one’s financial situation, while an accountant focuses on the now of things. To learn more, read our article “What is the Difference Between Accountants and Financial Planners”
Looking for a trusted CPA firm in El Paso, TX?
Marcus, Fairall, Bristol + Co., PLLC
230 Thunderbird Dr Ste G, El Paso, TX 79912
Phone: (915) 775-1040