Find high-quality accounting partners
•Accountant. A small business accountant can advise at many different points, including your business structure, creating financial statements, obtaining necessary licenses and permits, and even writing a business plan.
•Certified public accountant (CPA). In case of an audit, a CPA is the only individual who can legally prepare an audited financial statement.
•Bookkeeper. The bookkeeper manages the day-to-day records, regularly reconciling accounts, categorizing expenses, and managing accounts receivable/accounts payable.
•Tax preparer. Your tax preparer fills out necessary tax forms and may file them on your behalf. Some will also set up your estimated tax payments.
•Tax planner. These professionals help optimize your taxes before you file them, helping you learn ways to lower your tax burden.
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