David M Daggett CPA is a Certified Public Accountant. He enjoys helping people with their finances and tax planning. While a CPA can do many of the jobs that a tax preparer can do, a tax preparer cannot do what a CPA does. There are several differences between a tax preparer and a Certified Public Accountant.
Tax preparers and CPAs do not require the same education. A tax preparer needs to have a high school diploma and tax training. Some may be required to take a few classes or courses that teach them to prepare taxes. CPAs require a college degree and many of them also attend graduate school. An accountant must graduate college before he or she can take the certification exam to become a Certified Public Accountant.
Tax preparers are fairly limited in the types of jobs or careers they can have. Most of them work for larger tax companies and simply prepare taxes during tax time. Tax accountants can prepare taxes themselves, be hired by companies and businesses as well as individuals and can work all year long with tax planning.
CPAs usually make much more than tax preparers. This is due to the fact that CPAs have the skills and opportunities to do many different jobs or play different roles in their careers. This makes them more valuable to employers or clients. Tax preparers can move up within a company but are not usually salaried employees. Many tax preparers are only considered seasonal workers.
Tax preparers do not have any special credentials. There is no way to determine what kind of skills or knowledge a tax preparer has before you hire him or her. An accountant must attend college before earning his or her credentials so when you choose an accountant to handle your taxes, you can consider those credentials and have a little more confident in the CPAs abilities.
David M Daggett CPA has always been interested in helping businesses and individuals file their taxes. He enjoys being able to find deductions and other ways to help his clients reduce the amount of taxes they are required to pay. While a tax preparer can do similar work, a CPA has the education and experience to know what works and what doesn’t. There are many ways that a tax preparer and a CPA differ but tax preparers have the potential to do the same work and make the same income as a CPA as long as they are willing to put in a little more time and work towards getting a degree and the right credentials.
David M Daggett CPA is a Certified Public Accountant. He helps clients with all their tax needs including tax planning. A tax accountant can help with many different tax issues and offers many tax services. Tax accounting does not have to be confusing or difficult to understand. If you are curious about tax accounting and how it can help your financial situation, the following information may be beneficial to you.
What Is It?
Tax accounting is a way to minimize a company or individual’s tax burden. A tax accountant is someone who is trained and educated on the method of legally reducing taxes. The IRS has certain laws and rules that a person and company must follow but most people try their best to reduce the amount of taxes they owe without breaking any laws.
Why Is Tax Accounting Important?
Nobody wants to pay more taxes than necessary, but businesses must often submit public financial statements that show what they make and how much taxes they pay. In order to avoid paying more taxes than necessary, a tax accountant will review the financial records of these companies and people and then determine which deductions and exemptions they can legally take.
Is It Legal?
When a tax accountant assists a person or company in finding legitimate ways to reduce the amount they must pay in taxes, it is completely legal. Many companies make the mistake of trying to file for exemptions or deductions that they do not qualify for and claim them illegally. If or when they are caught they could face serious consequences. It is always smart to hire an experienced and dedicated tax accountant to ensure that your taxes are done legally.
Adding Tax Planning
Once a Certified Public Accountant has reviewed the financial statements of a company and knows which deductions and exemptions they can take, tax planning can happen. An accountant will use previous year’s records to determine how much a company will likely have to pay at the end of each year after all deduction and exemptions have been included. This makes it easier for companies to plan for tax season.
David M Daggett CPA is an experienced Certified Public Accountant who helps many people and businesses with all their tax needs. If you want to reduce your taxes the legal way and want to know how much you can expect to pay in taxes each year, consider hiring a tax accountant to review your records and come up with a tax solution that will meet your needs. Tax accounting doesn’t have to be stressful or intimidating and the more you know about it, the more likely you will be to use it to your advantage.