EIDE BAILLY PHOENIX

Having a CPA on your side is an invaluable asset—even when it’s not tax season! Lots of people who are searching for accounting in Phoenix, AZ think that having a bookkeeper or doing it yourself is sufficient for their business needs. However, time and experience show that having the help of a certified public accountant can not only protect your business from risk but also help you plan ahead.

With that in mind, let’s take a closer look at what a CPA is and how a CPA’s skills can help your business thrive.

What is a CPA?

According to Investopedia, a certified public accountant is “… a certification given by the American Institute of Certified Public Accountants, to individuals who pass the Uniform CPA Examination.” This examination is administered by each state, which gives licensure to CPAs.

Moreover, there are several requirements needed in order to become a CPA. One must have at least 150 semester hours of education behind them, must have worked in public accounting for at least 2 years, and must continue to attain a specific number of hours of yearly education to maintain their status. CPAs are not simply new accounting graduates, but experienced professionals.

CPAs also have legal responsibilities and privileges due to their status. This is somewhat similar to the privileges of a lawyer or other licensed professional. Many accounting and financial services positions have CPA licensure as a requirement. These requirements apply to accountants in Phoenix, Arizona.

How Can a Phoenix CPA Help You?

Approach tax season confidently with an Eide Bailly CPA in Phoenix. Our range of premier accounting services is designed to enable individuals and businesses to organize their finances and get their tax affairs in order.

Having a certified public accountant on hand can greatly help your business. They can guide your business financials and show you how to navigate the ins and outs of everything from taxes to audits and more.

A CPA in the Phoenix area can assist you with the following:

• Tax preparation
  This is the most well-known service that CPAs provide. CPAs are experts with tax preparation and can be immensely helpful in lowering your state and federal tax bills.
• Internal audits and bookkeeping
  A CPA can be hugely helpful in ensuring you have an accurate view of all the business processes in your company. In addition, they can help maintain accurate tracking of your books and transactions on a regular basis.
• Business valuation and financial planning
  Certified Professional Accountants are experts at helping business owners plan for the future. A CPA’s skills can help you accurately evaluate your business. They can also provide counsel on how to keep your business stable, including cash flow management and investment services.
• Forensic accounting
  If you need help in tracking down unexplained transactions or in discovering fraud, a Phoenix CPA is the person you need on your side. Using investigative accounting techniques, a forensic accountant can help you find the source of your loss. As one of the most trusted forensic accounting firms in Phoenix, we can help you navigate any difficulties that arise.
• Litigation assistance
  Once you’ve discovered evidence of internal loss or a contract breach, a Phoenix CPA is the person you need on your side. A trained CPA can work with legal counsel to make sure that you are successful in your litigation efforts. If you are suffering from theft or other bad-faith actors, a CPA is an invaluable member of your courtroom team.

Phoenix CPA Services Provided by Eide Bailly

Eide Baily has worked with business owners for years. As such, Eide Bailly is among the top accounting firms in Phoenix, AZ. We provide:

• Outsourced & Managed Services
• Digital & Technology Solutions
• Audit
• Tax
• Wealth Planning
• Risk, Security & Forensics
• Transition & Exit Planning

Our wide array of services can help any business, large or small, succeed. When choosing from accounting firms in Phoenix, Eide Bailly should be your first choice!

Why Choose Eide Bailly?

There are many different CPA firms in Phoenix, Arizona you can choose from. However, Eide Bailly stands out because we provide you with start to finish, top to bottom professional accounting services for all aspects of your business. Moreover, Eide Bailly is registered with the Arizona Board of Accountancy and has operated since 1917.

Unlike other accounting firms in Phoenix, Eide Bailly has the resources to provide individualized solutions to our clients. This means you never have to worry about being overcharged. Work with your dedicated accounting team to save money on your taxes and keep more funds in your pocket.

Whether you need to sort through complex business accounts, ensure you are claiming every personal tax credit, or need to plan for the future, your Eide Bailly accountant in Phoenix can help!

At Eide Bailly, we see ourselves as your lifetime partner, not simply a vendor. We can help you start a new business from the ground up and offer you professional support from our team. This enables your business to succeed from the very beginning. Since our team knows your business from all positions, we’ll be able to supply you with the services you need to achieve your long-term business goals. Our emphasis is on long-term partnership at Eide Bailly, not just providing one-off services. With that in mind, Eide Bailly is your Arizona accounting firm of choice. Call us today to discuss your needs or schedule your consultation online. We are here to help!

Eide Bailly is Your Phoenix CPA Solution

If you’re looking for Phoenix CPA firms, Eide Bailly is your solution. We never stop in our quest to provide the widest and deepest array of accountancy and professional services to anyone searching for an accountant in Phoenix, AZ. Contact us if you need any of the above services, or if you simply need a trusted accountant in Phoenix.

Get Started with Eide Bailly Today

Achieving superior tax efficiency and taking advantage of government incentives is the key to elevating the performance of your business.

Create a more streamlined tax structure with the help of an experienced accountant who understands the financial landscape. Eide Bailly supports businesses, trusts, and high-net-worth individuals to plan for the present and the future.

Forge a profitable relationship with an accountant in Phoenix that can stabilize your expenses, improve cash flow management, and save you money when tax time comes.

As previously noted, all of our services are customized according to the needs of our clients. In addition to saving you money, we can also focus on the areas that matter most.

Begin your journey to better financial management by scheduling your consultation with an Eide Bailly accountant today.

Launch Your Journey to Success

Getting started is as simple as scheduling a call with a member of the Eide Bailly team.

Your accountant in Phoenix begins the process of getting to know the ins and outs of your business. We are committed to your success from day one.

We see ourselves not as a service provider but as a client partner. Our team painstakingly digs into the fabric of your organization. We want to understand the customers we serve. Providing us with as much detail as you can about your business can help us do that.

During this exploration process, our team will absorb the information, not just a vendor but also a stakeholder. A superior understanding of your operations enables us to provide tailored recommendations that enable growth.

We are always available to answer any questions or concerns about this process. Schedule your consultation to initiate your journey to business success today.

At Eide Bailly, we aim to empower our clients with the knowledge and expertise to understand every aspect of finance. If you are wondering how accounting in Phoenix, AZ, works, here are the answers to the most common questions.

Is a CPA better than an accountant?

All CPAs are qualified accountants, but not all qualified accountants are CPAs.

CPAs are considered better qualified in accounting because they must complete specific educational and work requirements.

The best way to view a CPA is as an expert in the accounting world. The IRS and the government view qualified CPAs as credible experts in their field. From a practical perspective, CPAs can carry out various functions that an ordinary accountant cannot.

Some examples of CPA-specific functions include preparing audited financial statements and reviewing and filing reports from the Securities and Exchange Committee (SEC). Your CPA can also represent you to the IRS if you are the subject of a tax audit.

In short, working with a qualified CPA means working with a true expert that can meet your financial goals. 

How does a CPA qualify to practice?

Many of our clients ask what makes a CPA better qualified than an account. Every CPA must fulfill the requirements of the 3 E’s: exam, education, and experience.

All CPAs have advanced education, requiring a relevant undergraduate degree and subsequent graduate-level coursework. Tough examinations probe and challenge the prospective CPA’s knowledge of accounting principles, contract law, state law, and federal law.

Experience is also required, with many states requiring a minimum of two years of practical accounting or tax preparation experience to receive their license.

These additional requirements make CPAs more valuable to businesses because entrepreneurs know that their CPAs have gone the extra mile to prove themselves in their field.

What services do you offer?

Our services incorporate accounting and business advisory services. Some areas we have expanded into include tax services, wealth planning, transition management/exit planning, forensic accounting, audit management, and digital technology solutions.

Hiring an Eide Bailly CPA means hiring an entire team to streamline your tax affairs and make your organization more agile. As one of the top 25 CPA and consulting firms, we do everything we can to meet your financial needs and exceed your expectations.

As a team of accountants in Phoenix, AZ, we offer custom service packages to suit businesses across various industries. Speak to our team about your specific needs and learn what services we can offer you.

Do you offer consulting services?

Eide Bailly offers premier consulting services to allow you, the client, to leverage decades of collective experience from experts in various fields. Unlike other consulting firms in Phoenix, we are not limited to one area.

On the contrary, our team consists of specialists in technology, data management, accountancy, financial planning, investment planning, human resources, and more. This means you don’t have to spend a great deal of time explaining your industry. Once you sign up with us, one of our CPAs can help you hit the ground running. 

What’s the difference between a CPA and a financial/business advisor?

A significant crossover exists between what a CPA can do and what a financial/business advisor offers. Our firm provides both services to ambitious business owners looking to improve the efficiency of their organization.

CPAs focus on the monetary aspects of businesses, such as monitoring cash flow, analyzing the financial intelligence of potential investments, and making growth plans.

Financial and business advisors are less involved in the day-to-day finances of your business. Instead, these experts collaborate with you to achieve your strategic goals. They work with organizations to pinpoint existing strengths and weaknesses and how they impact you.

Business advisors concern themselves more with the bigger picture. Many advisors are also qualified CPAs, meaning they can perform many of the same functions as an accountant.

However, larger companies often prefer to utilize the services of CPAs and advisors as part of a forward-thinking approach to growth and expansion.

Does hiring an accountant in Phoenix mean handing over control of my business?

Absolutely not. Eide Bailly professionals are partners in supporting our clients in achieving their potential. We perform the functions required of us.

You are not handing over any control of your organization by working with a CPA. We are there to advise, encourage, and support you, whatever your business needs are.

If you’re searching for accounting in Phoenix, AZ, choose a CPA firm you can trust.