A Small Business CPA Greensboro NC is a unique individual with the ability to understand the needs of a small business owner and communicate them in a way that makes sense. The unique personality for this job consists of being able to be both an exceptional people person and also an experienced auditor/accountant who can help his or her clients minimize their tax liability, exploit their tax shelters, and increase their net worth.
Great Customer skills
The Small Business CPA will be the face of the company to its clients. It is important that he or she can establish a rapport with his or her clients quickly in order to build a long-term relationship based on trust. In this line of work, it is possible for a CPA to establish themselves as a leader in their community and be offered opportunities to give lectures, serve on non-profit committees, and serve as an advisor for small business owners.
In order to become a successful Small Business CPA there are several educational requirements that must be completed. In most cases, a Bachelor’s Degree in Accounting is the minimum requirement. Many employers will seek a CPA license but this is not always required. A Master’s Degree in Accounting is the preferred educational background for this profession, and experience working in public accounting at a Big Four Accounting Firm will give candidates an advantage over their competition.
In order to establish themselves as a CPA, candidates must pass the Uniform Certified Public Accountant’s Examination (CPA Exam) administered by the American Institute of Certified Public Accountants (AICPA). The exam consists of four parts: Financial Accounting and Reporting, Auditing and Attestation, Regulation, and Business Environment and Concepts.
Qualifications and CPA licensure
Candidates must pass each section on the first attempt in order to become a CPA. Each part of the exam is expensive and candidates should plan accordingly in order to reserve enough money to take the exam before they lose their opportunity. It can be difficult for a candidate who has dedicated several years of his or her career towards becoming a CPA to switch gears and begin studying for the exam, but it is possible with dedication and motivation.
Conversant with Tax laws
Aspiring CPAs should be able to bring a unique set of skills to the table that will allow them to flourish in this profession. In addition to being helpful and personable, they must have the ability to communicate complex concepts clearly and concisely. This is a position that requires someone who can both educate their clients and guide them through a maze of confusing tax laws. In addition, a business owner will need his or her CPA’s assistance in developing a long-term strategy for their business. This could include investments, minimizing taxes, and pulling money out of the company during retirement years. The flexibility of this position is one of its great attractions; it can be an opportunity to build a rewarding career all while helping others at the same time.
Good communication skills
The most important quality of a Small Business CPA is the ability to listen, understand and explain complex business ideas in terms that all can understand. This position requires someone who can take direction well but also work independently with only minimal supervision. As an independent contractor, this individual will need to be able to manage his or her own time effectively and take an active role in networking with other professionals in order to build a strong client base.