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When it comes to choosing an
Accountant to help make those possibilities become realities, you want
and need a partner you can trust — someone who takes the time to get to
know you, someone with the knowledge to offer you sound advice, someone
who can give you confidence to create your path forward. That partner is
Peter A. Kypreos, Accountant & Associates Ltd.
Accountants should ensure that clients run their business efficiently,
records are kept accurate, and taxes are paid properly and on time.
However, carrying out the fundamental tasks as accountants is not
enough.
Today’s small business accountants should offer more than number
crunching. They need to be your primary resource for:
- Tax Planning
- Business Consulting
- Investments
- Personal Financial Advice & Financial Planning
- Technology Know - How & Networking.
Accountants today are required to possess a wide range of knowledge and
skills.
What is the difference between an Accountant & Bookkeeper?
Simply defined, a Bookkeepers practice involves the systematic recording
of the transactions affecting the financial status of a business. Those
offering this type of service are considered a bookkeeper. A bookkeeper
may hold that title without benefit of any specific schooling or
certification. Bookkeepers may become certified through a variety of
association, but certified Bookkeepers can be hard to find.
Accountants usually hold a Bachelors degree and in many cases a Masters
Degree, or Ph.D. An accountant may wish to further certify him/herself
by completing any variety of exams to prove his/her capability. An
accountant's time is best used in Record Management, Taxation, Analysis
and Consulting in Financial Strategies of a business including
procedures to lessen the risk of failure and fraud. It is wise to
consult an accountant once you have your business plans in place and are
ready to implement a record management system (bookkeeping system). An
accountant can design, implement and install a reliable system from the
beginning and help you to keep it maintained as your business expands.
However, keep in mind that accountants are not magicians! Most
accountants today work and function within the letter of the law,
because their job is to keep you from falling into difficulties that
could financially harm or destroy you or your business.
1. When you are required to pay taxes, this means you have made money!
2. When you are not paying taxes, this means you have lost money!
Which do you prefer?
Those choosing to avoid showing all the business's earned income soon
discover that many other difficulties arise.
1. Funding for expansion purposes through a financial institutions is
next to
impossible.
2. The risk of suffering the consequences in the event of an audit.
3. The business losses financial creditability.
At Peter A. Kypreos, Accountant & Associates Ltd., (PKAA) our goal is to
provide you with all the support and guidance we can. We work closely
with our clients to enhance your success and to reduce the tax burden of
compliance, while confidentially providing professional services.
Small businesses are subject to different forms of taxation and it is a
difficult and complex procedure. Therefore, PKAA guides you with each of
these areas, and we will explain how to plan and prepare for year-end
taxation and record management.
Our services are designed to meet various accounting needs as your
business grows and we aim to remove you from the hassles of dealing with
the day to day accounting details by providing a cost effective
alternative to maintaining your own internal accounting staff.
Although PKAA is 100% committed to a personalized approach, providing
clients with the fundamentals (Bookkeeping, Balance Sheet and a
Statement of Income) which are only the beginning. Business owners
require concrete information supplied to them from their accountant that
is understandable, to guide them through the development and
stabilization process of the business itself. If the business is not
monitored on a regular basis, pitfalls will in fact arise and go
unnoticed, and in most cases, go unseen until it is too late, causing
financial disaster!
PKAA is a little different than most accounting firms – we work to help
our clients understand the various financial aspects of their company.
We strive to help you make better management and financial decisions so
that you can achieve your financial goals.
PKAA interprets financial statements into plain-language, narrative
reports that include ratios, graphs, industry comparisons and trend
analysis. It is a great resource to get accurate insight to the
financial status of your business.
PKAA provides our clients with a system that monitors your personal and
business affairs to help you get a solid grip on the following:
1. What is the company's ability to meet obligations as they come due?
2. Are profitability trends favorable in the company?
3. Are sales growing and satisfactory?
4. Is the company borrowing profitably?
5. Is the company using gross fixed assets effectively?
6. Is the company hiring effectively?
and much more...
If you require the services of accountants who can truly guide you in
all aspects of your personal and/or business financial goals, we invite
you to consider our services and to experience the difference we can
make! |
