How a CPA Can Help You Prepare for a Financially Stress-Free Retirement

Planning for retirement can be overwhelming, especially when considering the various financial complexities involved. From tax strategies to investment decisions, the landscape can be difficult to navigate without professional guidance. This is where a Certified Public Accountant (CPA) can make a significant difference. In Litchfield Park, AZ, many residents are turning to CPAs to help them chart a clear course towards a financially stress-free retirement. By leveraging their expertise in tax planning, investment guidance, and financial structuring, CPAs serve as trusted advisors who can simplify the journey toward retirement.

The Role of a CPA in Retirement Planning

A CPA is not just a tax preparer; they are highly trained financial professionals who can offer comprehensive advice in many aspects of personal finance. For individuals in Arizona, especially in areas like Litchfield Park, working with a CPA can transform retirement planning from a daunting task into a manageable, strategic process.

A CPA can help you assess your current financial situation, identifying your assets, liabilities, and income streams. They can then forecast your future financial needs based on your desired retirement lifestyle. This analysis is critical for setting realistic retirement goals. CPAs also have deep knowledge of state-specific regulations and tax codes, which is especially beneficial for Litchfield Park residents seeking local expertise.

From determining how much you need to save to choosing the right retirement accounts, a CPA provides personalized advice tailored to your financial circumstances. This strategic guidance ensures that you are not over-saving or underestimating your retirement needs, paving the way for a financially stress-free retirement.

Tax Strategies for Retirement: Essential Insights from a CPA

Taxes can consume a large portion of retirement savings if not planned for properly. A CPA plays a crucial role in developing tax strategies for retirement that help preserve your wealth. In Litchfield Park and across Arizona, tax laws frequently change, and retirees who fail to adapt may find themselves paying unnecessary taxes.

A CPA can help you minimize your tax liabilities through strategic withdrawal planning. This involves determining when and how to draw funds from different retirement accounts like IRAs, 401(k)s, and Roth accounts in the most tax-efficient manner. For instance, a CPA might recommend taking distributions from taxable accounts first or utilizing Roth conversions to spread your tax burden over several years.

Additionally, a CPA can assist in optimizing Social Security benefits. Since these benefits are taxable under certain circumstances, understanding how to minimize taxes on this income source can significantly impact your financial well-being during retirement.

For business owners or individuals with complex financial situations, a CPA can also help structure the sale of assets or businesses in a way that reduces capital gains taxes, protecting your nest egg.

How a CPA Helps with Retirement Investments and Financial Structure

Beyond tax planning, a CPA can advise you on structuring your investments to align with your retirement goals. While they are not investment advisors per se, many CPAs collaborate with financial planners to ensure that your investment strategy supports your overall retirement plan.

A key aspect of this service is helping you balance risk and reward. As you approach retirement age, reducing exposure to high-risk investments becomes increasingly important. A CPA can help you understand the tax implications of shifting your investment portfolio and recommend a withdrawal strategy that maximizes returns while safeguarding your principal.

Furthermore, a CPA can assist in setting up trusts or estate plans that protect your assets and ensure they are distributed according to your wishes. For those in Litchfield Park, retirement tax planning often involves preparing for future healthcare costs, long-term care, and legacy planning. By addressing these factors early, you can maintain control over your financial future.

CPAs also help monitor and adjust your financial plan over time. Life circumstances, tax laws, and market conditions change, and having a professional review your plan annually can ensure you stay on track toward your financially stress-free retirement.

The Local Advantage: CPAs in Litchfield Park, AZ

Choosing a local CPA in Litchfield Park, AZ offers distinct advantages for retirement planning. Arizona’s tax regulations and retirement benefits are unique, and working with a professional who understands these nuances can enhance your planning process.

For example, Arizona offers certain tax breaks to retirees, such as exemptions on Social Security income. A local CPA can help you leverage these benefits effectively. They are also familiar with the local real estate market, which can be a crucial factor if downsizing or relocating is part of your retirement strategy.

Local CPAs often have relationships with area financial planners, attorneys, and healthcare professionals. This network can be invaluable when creating a comprehensive retirement plan that addresses all aspects of your future. Whether you are concerned about healthcare costs, real estate investments, or legacy planning, a CPA based in Litchfield Park can provide personalized insights and resources.

Moreover, working with a local expert means you’ll have access to in-person consultations, fostering a stronger advisory relationship. For many individuals, discussing retirement plans face-to-face adds a level of comfort and understanding that virtual consultations cannot always provide.

Why CPA-Guided Retirement Planning Leads to Peace of Mind

Engaging a CPA for retirement planning offers far more than just tax savings. It provides peace of mind. Knowing that a knowledgeable professional is guiding your financial decisions reduces anxiety about the future. Retirement is meant to be a time of relaxation and enjoyment, not stress and financial uncertainty.

A CPA helps you see the big picture, balancing immediate financial decisions with long-term outcomes. Whether it’s navigating tax strategies for retirement, choosing the right time to claim Social Security, or restructuring your investment portfolio, their guidance ensures every step is strategic.

In Arizona, where many retirees flock for the climate and lifestyle, competition for financial resources like affordable housing and healthcare can be fierce. With a CPA in Litchfield Park assisting you, you’ll be better positioned to make sound decisions that protect your financial future.

Ultimately, the goal of retirement planning is not merely to accumulate wealth but to create a sustainable income that supports your lifestyle for decades. CPAs are uniquely qualified to help you achieve this objective through methodical planning and ongoing financial management.

Conclusion

Choosing to work with a CPA is one of the smartest decisions you can make on your journey toward a financially stress-free retirement. Their comprehensive expertise, especially when combined with knowledge of Arizona-specific tax advantages, allows you to plan with confidence and clarity. Whether you’re just beginning to plan your retirement or are fine-tuning an existing strategy, a CPA in Litchfield Park, AZ can be your trusted ally every step of the way.

Need an Accounting Firm in Litchfield Park, AZ?

Priscilla A. Chesler CPA PC is a full-service accounting firm that offers highly personalized solution for your business, nonprofit or organizations. Priscilla gets to know client businesses in depth, often onsite, to ensure she can offer guidance and services that fit the needs of the organization. Her expertise and knowledge of tax law and best accounting practices are always current. Contact her today to learn more about what she can do for you!

Posted in CPA

Beyond Tax Returns: How a Litchfield Park CPA Can Boost Your Financial Health

Nestled in the heart of Arizona, Litchfield Park is home to families, small business owners, and retirees who all share a common goal: achieving and maintaining financial health. When most people think of a Certified Public Accountant (CPA), they think of tax returns and April deadlines. However, the role of a CPA goes far beyond filing annual taxes. A skilled Litchfield Park CPA can be a trusted partner in your journey to long-term financial wellness. Whether you’re planning for retirement, managing investments, or running a business, the right CPA provides comprehensive support that extends across every aspect of your financial life.

A CPA in Litchfield Park brings local expertise and a deep understanding of regional economic dynamics, offering personalized services that national firms often lack. By developing a relationship with a local CPA, you’re not just hiring someone to handle your taxes—you’re building a strategic partnership that can elevate your entire financial strategy. From nuanced financial planning to robust wealth management techniques, working with a CPA can mean the difference between surviving and thriving financially. Let’s explore how this vital professional can become a cornerstone of your financial future.

Strategic Financial Planning for Every Life Stage

A Litchfield Park CPA can guide you through each stage of your financial life with customized financial planning services. Whether you’re just entering the workforce, buying a home, planning for children’s education, or approaching retirement, a CPA can help you create a financial roadmap tailored to your unique goals and circumstances.

Effective financial planning involves more than just budgeting—it requires a holistic approach that considers income, expenses, debt management, savings, and long-term investment strategies. A CPA uses data-driven insights and years of experience to identify opportunities and mitigate risks. They work with you to project future income needs, model different financial scenarios, and help you make informed decisions that support your goals.

For young professionals, this might mean creating a debt repayment strategy while simultaneously building an emergency fund. For mid-career individuals, it may involve maximizing retirement contributions and optimizing asset allocation. And for retirees, it’s about ensuring that retirement income streams are sustainable, tax-efficient, and aligned with estate planning objectives. Through it all, your CPA is an advisor who ensures your financial planning efforts remain focused and effective.

Tax Planning: Minimizing Liabilities, Maximizing Opportunities

While CPAs are best known for preparing tax returns, their real value lies in proactive tax planning. A Litchfield Park CPA can help you implement strategies throughout the year to reduce your overall tax burden. This involves a deep dive into your finances to uncover deductions, credits, and tax-saving opportunities that align with your broader financial strategy.

Tax planning isn’t a once-a-year activity—it’s a continuous process. A proactive CPA stays abreast of changing tax laws and regulations, ensuring that you’re always in the best possible position. They might suggest adjusting your retirement contributions, selling investments at opportune times, or restructuring your business operations to qualify for tax advantages.

For small business owners in Litchfield Park, a CPA can be especially invaluable. From selecting the most tax-efficient business structure to managing payroll and expenses, a CPA’s guidance can lead to significant savings. They also help with quarterly tax estimates, compliance issues, and audit preparation, making sure your business remains on solid financial footing year-round.

Ultimately, effective tax planning supports your long-term financial health by keeping more money in your pocket and reducing your exposure to future tax liabilities. When integrated with financial planning and wealth management, tax strategies become powerful tools for building lasting financial security.

Comprehensive Wealth Management Services

Wealth management is often associated with high-net-worth individuals, but it’s a service that can benefit anyone looking to build and preserve assets over time. A Litchfield Park CPA who offers wealth management services takes a holistic approach to your financial picture, integrating investment planning, retirement strategy, estate planning, and risk management into a unified strategy.

Working closely with investment advisors, attorneys, and insurance professionals, a CPA ensures that every piece of your wealth management puzzle fits together seamlessly. They help you develop an investment strategy that reflects your risk tolerance, time horizon, and financial goals. This might involve diversifying your portfolio, balancing growth with income needs, and periodically rebalancing assets to stay on track.

Estate planning is another critical component of wealth management. Your CPA can collaborate with estate attorneys to ensure your assets are transferred efficiently and according to your wishes. This includes minimizing estate taxes, setting up trusts, and planning charitable donations. Insurance planning also plays a role, helping you protect your assets and provide for your family in case of unexpected events.

Whether you’re saving for a child’s education, planning for early retirement, or building a legacy, a CPA’s comprehensive wealth management services provide clarity and confidence. Their objective advice ensures that every financial decision is aligned with your broader vision for the future.

Personalized Financial Strategy for Small Business Success

In Litchfield Park’s growing business community, small business owners face a unique set of challenges and opportunities. A local CPA is well-positioned to provide tailored financial strategy services that support sustainable growth and profitability. By understanding the local market, tax codes, and industry-specific nuances, your CPA becomes a vital business advisor, not just a financial record-keeper.

From the startup phase to expansion, a CPA helps you build a financial framework that supports your business objectives. This includes cash flow analysis, budgeting, forecasting, and performance benchmarking. They also provide critical guidance on financing decisions, helping you evaluate loans, lines of credit, and other funding options.

Perhaps most importantly, a CPA can help you turn financial data into actionable insights. By interpreting financial statements, analyzing trends, and identifying areas for improvement, they empower you to make strategic decisions that enhance profitability. This kind of financial oversight is crucial for maintaining a competitive edge and navigating economic shifts.

Additionally, a CPA can assist with succession planning and business valuation—two areas that are often overlooked until it’s too late. Whether you plan to sell, merge, or pass your business to the next generation, having a sound financial strategy in place is essential for a smooth transition. In every phase, your CPA is a partner who understands your vision and helps turn it into reality.

Long-Term Financial Health Through Trusted Partnerships

Ultimately, the greatest value a Litchfield Park CPA provides is peace of mind. When you have a trusted professional guiding your financial decisions, you can move forward with confidence, knowing that your financial health is in capable hands. This relationship is built on trust, communication, and a shared commitment to achieving your goals.

Financial health isn’t just about having a certain amount of money in the bank—it’s about feeling secure, being prepared for the future, and having the freedom to pursue your passions. With a CPA on your side, you gain a strategic ally who helps you navigate complexities, avoid pitfalls, and seize opportunities. They take the time to understand your values, your priorities, and your long-term aspirations.

Whether you’re an individual, a family, or a business owner, the journey to financial wellness is full of twists and turns. But with the right guidance, you can stay on course. A Litchfield Park CPA is more than just a tax professional—they’re a comprehensive resource for financial planning, tax planning, wealth management, and personalized strategy. Together, you can build a financial future that’s not only secure but thriving.

Conclusion

In a world where financial decisions grow more complex every day, having a knowledgeable CPA in your corner makes all the difference. Don’t wait until tax season to seek help—engage a CPA now and take a proactive step toward lasting financial health. Your future self will thank you.

Need an Accounting Firm in Litchfield Park, AZ?

Priscilla A. Chesler CPA PC is a full-service accounting firm that offers highly personalized solution for your business, nonprofit or organizations. Priscilla gets to know client businesses in depth, often onsite, to ensure she can offer guidance and services that fit the needs of the organization. Her expertise and knowledge of tax law and best accounting practices are always current. Contact her today to learn more about what she can do for you!

Posted in CPA

Why Every Litchfield Park Business Needs a CPA — Not Just a Tax Preparer

As a small business owner in Litchfield Park, Arizona, you might be considering how to manage your finances most efficiently. Whether you’re just starting or have been running your business for years, there’s a fundamental decision you’ll need to make: should you hire a CPA (Certified Public Accountant) or just a tax preparer? While many business owners may initially turn to a tax preparer solely for filing their taxes, it’s essential to recognize the broader scope of services and value a CPA can offer. A CPA isn’t just a professional who files your taxes; they can be a strategic partner who ensures your business’s financial health and growth. This blog explores why every Litchfield Park business needs a CPA and how their expertise extends far beyond simple tax preparation.

The Role of a CPA vs a Tax Preparer

When it comes to understanding the differences between a CPA and a tax preparer, the distinction can be crucial for the long-term financial health of your business. A tax preparer’s primary responsibility is filing your taxes correctly and ensuring you comply with federal and state tax laws. Tax preparers may have a basic understanding of tax rules, but their services are limited to the filing process. They typically don’t offer comprehensive advice or financial planning services.

In contrast, a CPA in Litchfield Park is not just qualified to prepare taxes; they have a much broader range of skills and expertise. CPAs undergo rigorous education, pass a comprehensive exam, and maintain ongoing professional development. A CPA is licensed by the state, which means they have met strict requirements to provide trusted financial services. They can perform a variety of services, including bookkeeping, financial planning, audits, business consulting, and much more. This breadth of expertise makes CPAs invaluable to business owners who want to ensure they are running their businesses as efficiently as possible.

How a CPA Can Enhance Business Accounting

Business accounting is far more than simply tracking income and expenses. For a small business in Litchfield Park, it’s about having a comprehensive understanding of your finances, forecasting future growth, and ensuring compliance with various tax laws and financial regulations. While a tax preparer can certainly file your tax returns, they do not provide the full range of accounting services that a CPA can offer.

A CPA can establish sound financial systems for your business, helping you maintain organized records, track your cash flow, and evaluate your profit margins. They can assist with bookkeeping, managing accounts payable and receivable, and reconciling financial statements. By doing so, CPAs ensure that your business is operating efficiently and complying with both state and federal regulations. Proper accounting practices also help you identify areas for improvement, ultimately leading to better financial decisions and greater profitability.

Moreover, a CPA can help you understand the financial health of your business and provide you with actionable insights. They can offer advice on how to reduce expenses, increase revenue, and manage your cash flow effectively. These insights are crucial for making informed decisions about hiring, expanding, or investing in new opportunities. By regularly analyzing financial data, a CPA ensures your business remains on track and can help you grow sustainably over time.

Business Strategy and Financial Planning

One of the most significant advantages of working with a CPA in Litchfield Park is their ability to provide strategic financial planning. A CPA doesn’t just focus on the present – they help you plan for the future. As your business grows, your financial needs will evolve, and a CPA can guide you through complex decisions like whether to reinvest profits, how to structure your business for tax purposes, and when to expand.

A CPA can help you craft a comprehensive business strategy that aligns with your financial goals. They can assist with budgeting, forecasting, and analyzing business performance to help you set realistic targets. For example, if you are looking to expand your business or take on additional debt, a CPA can help you assess the financial feasibility and impact of these decisions. With their guidance, you can avoid common pitfalls, make smarter decisions, and reduce financial risks.

In addition, a CPA can be a key advisor when it comes to retirement planning, succession planning, and navigating major life events that may impact your business, such as a buyout, sale, or merger. With a CPA’s help, you can ensure that your business strategy accounts for long-term financial stability and growth.

Maximizing Tax Efficiency and Saving Money

While tax preparation is certainly an important part of what a CPA does, it’s not the whole story. A CPA’s primary role in tax preparation is to ensure that your taxes are filed accurately and on time. However, they can also help your business minimize its tax liability and identify tax-saving opportunities throughout the year.

A tax preparer may only be involved during the tax season, but a CPA can offer year-round tax planning services. This means they can review your financial situation throughout the year and help you implement strategies to reduce your taxable income. For example, they can advise on retirement plan contributions, capital expenditures, and deductions that are specific to your industry. These strategies can help you keep more of your hard-earned revenue and reinvest it in your business.

Moreover, a CPA in Litchfield Park is up to date on the latest tax laws and changes. With Arizona’s unique tax codes and regulations, it’s vital to have a professional who understands how state and federal tax laws interact. A CPA can help you navigate complex tax codes, identify opportunities for tax credits, and ensure compliance with all tax regulations, ultimately saving your business money.

The Importance of Long-Term Partnership

Another key advantage of working with a CPA is the long-term relationship you can build. As a small business owner in Litchfield Park, your financial situation will evolve over time. Whether you’re scaling your business, hiring employees, or planning for retirement, a CPA can be a trusted advisor who understands your business’s unique needs and goals. This long-term partnership can be invaluable as you navigate the challenges and opportunities that come with owning a business.

Unlike a tax preparer, who may only be focused on filing taxes during a specific time of year, a CPA offers continuous support. They can assist with budgeting, cash flow management, and provide advice during periods of business growth. In addition, a CPA will be familiar with your long-term financial goals, making it easier for them to offer tailored advice that aligns with your business’s vision.

Having a CPA on your side also means you can avoid costly mistakes. Whether it’s dealing with an IRS audit, managing an employee benefit plan, or ensuring that your financial records are in order, a CPA can provide the expertise you need to avoid financial pitfalls. Their knowledge and experience will help you navigate complex financial situations, giving you the peace of mind to focus on what matters most – running and growing your business.

Conclusion

Hiring a CPA for your Litchfield Park business is a smart investment that goes beyond the basic task of tax preparation. While a tax preparer can file your taxes, a CPA offers a comprehensive suite of services that can help your business thrive. From business accounting and financial planning to tax efficiency and long-term strategic advice, a CPA provides expertise that ensures your business remains financially healthy and well-positioned for growth. Whether you’re a new business owner or have been operating for years, partnering with a CPA can give you the support you need to navigate the complexities of business finances and achieve long-term success. If you’re looking for an Arizona CPA for small businesses, the benefits of working with a qualified CPA are clear, making them an essential part of your business team.

Need an Accounting Firm in Litchfield Park, AZ?

Priscilla A. Chesler CPA PC is a full-service accounting firm that offers highly personalized solution for your business, nonprofit or organizations. Priscilla gets to know client businesses in depth, often onsite, to ensure she can offer guidance and services that fit the needs of the organization. Her expertise and knowledge of tax law and best accounting practices are always current. Contact her today to learn more about what she can do for you!

Posted in CPA

Understanding the Role and Benefits of Working with a CPA

Understanding the Role and Benefits of Working with a CPA

When it comes to managing your finances, whether for personal or business purposes, it’s essential to have a trusted professional on your side. One such professional is a Certified Public Accountant (CPA). CPAs are highly skilled and knowledgeable individuals who can provide valuable guidance and expertise when it comes to financial matters. In this blog post, we will explore the role of a CPA and the benefits of working with one.

What is a Certified Public Accountant (CPA)?

A Certified Public Accountant, or CPA, is an accounting professional who has obtained a license to practice public accounting. To become a CPA, individuals must pass a rigorous exam, meet specific educational requirements, and complete a set number of hours of relevant work experience. CPAs possess a deep understanding of accounting principles, tax regulations, and financial management. They can provide a wide range of services to individuals, businesses, and organizations.

The Role of a CPA

1. Tax Planning and Preparation

One of the primary roles of a CPA is to assist individuals and businesses in tax planning and preparation. CPAs are well-versed in tax laws and regulations, and they can help you maximize your deductions and minimize your tax liability. They can assist in filing accurate and timely tax returns, ensuring compliance with all applicable tax laws. CPAs can also provide guidance on tax planning strategies, such as retirement contributions or investment decisions, to optimize your financial situation.

2. Financial Statement Preparation and Analysis

CPAs are skilled in preparing financial statements, such as balance sheets, income statements, and cash flow statements. These financial statements provide a snapshot of your financial position and are crucial for making informed business decisions. CPAs can also analyze your financial statements to identify trends, assess profitability, and evaluate the financial health of your business. Their expertise can help you gain valuable insights into your business’s performance and make strategic decisions to drive growth.

3. Auditing Services

CPAs can conduct independent audits of financial statements to provide assurance to stakeholders, such as banks or investors. Through a thorough examination of your financial records, CPAs can identify any discrepancies, errors, or potential fraud. They also ensure compliance with accounting standards and regulatory requirements. An audit conducted by a CPA adds credibility and trustworthiness to your financial statements, which can be invaluable for your business relationships and decision-making.

4. Financial Planning and Advisory Services

CPAs can provide comprehensive financial planning and advisory services to individuals and businesses. They can help you set financial goals, develop a budget, and create a personalized financial plan. CPAs can also provide guidance on investment strategies, retirement planning, and risk management. They analyze your current financial situation, assess your future needs, and create a roadmap to help you achieve your financial goals. Working with a CPA can provide peace of mind knowing that your financial future is in capable hands.

Benefits of Working with a CPA

1. Expertise and Knowledge

CPAs have undergone extensive education and training to obtain their certification. They possess a deep understanding of complex financial matters, accounting principles, and tax laws. Their expertise and knowledge can help you navigate through financial challenges, make optimal decisions, and ensure compliance with applicable regulations.

2. Time and Cost Savings

Managing finances can be a time-consuming task, especially for businesses. By working with a CPA, you can free up valuable time to focus on your core business activities while leaving the financial intricacies to the experts. CPAs can streamline your financial processes, handle complex paperwork, and reduce the risk of errors or penalties. Additionally, they can help identify tax-saving opportunities, potentially saving you money in the long run.

3. Objective and Unbiased Advice

Having an unbiased perspective on your financial matters is crucial for making sound decisions. CPAs act as trusted advisors, providing objective insights based on their expertise and experience. They can help you evaluate different financial options, assess risks, and identify opportunities that align with your goals and objectives. Working with a CPA ensures that you receive unbiased advice tailored to your specific financial situation.

4. Peace of Mind

Financial matters can be overwhelming and stressful, particularly when dealing with complex tax regulations or financial challenges. By working with a CPA, you can gain peace of mind knowing that your financial affairs are in capable hands. CPAs bring a level of professionalism, accuracy, and attention to detail that allows you to focus on what matters most to you while leaving the financial complexities to the experts.

Summary

Working with a CPA can provide numerous benefits, including expertise and knowledge, time and cost savings, objective advice, and peace of mind. CPAs play a vital role in tax planning and preparation, financial statement preparation and analysis, auditing services, and financial planning and advisory services. Whether you are an individual or a business owner, a CPA can be your trusted partner in managing your finances and helping you achieve your financial goals. Contact us today to learn more about what we can do for you!

Posted in CPA

How To Be Your CPA’s Favorite Client At Tax Season

2How To Be Your CPA’s Favorite Client At Tax Season

If you want to be your CPA’s favorite client during tax season, there are some things you can do!

Get To Know Your CPA

A good CPA will be able to help you navigate your tax situation throughout the year. They will be able to help you determine how much you should set aside for your taxes, which business expenses qualify for tax deductions or credits, and how to keep track of all the documents you’ll need. They will be able to provide you with year-round tax planning advice that can save you money in the future. Lastly, they will be able to represent you before the IRS for any audits or collections. It’s a good idea to ask about these things before you begin working with your CPA. This will ensure that your relationship is a positive one and that you are happy with the service you’re receiving from your CPA.

Ask Questions

When clients file taxes, they often don’t have a complete list of income and expenses. This can lead to errors on the tax return, or it can keep the CPA from completing it in time for filing. The answer to these problems is simple: Ask. In your next client meeting, make a point of asking them how they plan to handle their business finances throughout the year. This is a good opportunity to demonstrate your value. This process also helps them see how much you care about their business and how they can benefit from working with you. Once you’ve built trust, you can start to focus on referring them.

Make Yourself Available

One of the best ways to show your CPA that you value their time is by demonstrating you can be available on short notice. Whether it’s for a quick phone call or in-person meeting, be proactive and flexible about arranging a time to chat with them. Your CPA will appreciate this and you may end up developing a relationship that could turn into an ongoing partnership. Another way to demonstrate your value to a CPA is by helping them run tax projections. Most CPAs appreciate this because it can save them time and effort when preparing their clients’ tax returns. Similarly, your clients may need help coordinating their tax and investment documents. This can save them a lot of stress, which in turn, helps them build their trust in you as their financial consultant.

Be Honest

Whether you’re a first-time client or a seasoned pro, you need to be honest. You don’t want to mislead your accountant or make them feel uncomfortable by providing false information. It’s also important to be upfront with your financial situation, especially if you are a small business owner and don’t have a great record keeping system in place. Providing inaccurate numbers to your tax preparer can put you in danger of penalties, which is not what you want. In addition, be honest about your goals and ambitions as well. This can help your relationship with your accountant grow and serve as a reminder of why you hired them in the first place. It can also lead to referrals from your client base, which will be a huge bonus for you.

Priscilla A. Chesler CPA PC

If you’re looking for an experienced, trustworthy, and reliable tax accountant in Litchfield Park, AZ, contact our full-service accounting team here at Priscilla A. Chesler CPA PC! We understand the value of a good professional relationship and make it a point to get to know your business on a fundamental level, so we can provide the best service, advice and guidance. Give us a call today to see what we can do for you: https://pchesler.com/contact-us/