Accounting Services for Business

CPA firms like O’Brien and Panchuk provide a wide range of accounting services for small businesses and high-net-worth individuals. But first, you might be wondering what exactly is a CPA?

CPA stands for Certified Public Accountant, which is the most coveted and highly sought-after credential for accountants. CPAs have more sophisticated and advanced training and experience than accountants. They must satisfy specific education requirements and pass a rigorous four-part exam in order to earn the CPA designation, as well as work in public accounting for a minimum number of years.

In addition, CPAs must meet annual continuing professional education (CPE) requirements to maintain the credential and their license. More specifically, they must take 80 hours of CPE courses every two years to stay current with new accounting regulations and developments.

A qualified accountant can perform many public accounting services, such as basic accounting, tax and consulting for individuals and businesses. However, only a CPA can perform other more advanced tasks, such as preparing audited or reviewed small businesses financial statements as required by the Securities and Exchange Commission (SEC).