What is a CPA?
A CPA is a licensed professional who has met extensive education and experience requirements to become a Certified Public Accountant. CPAs are knowledgeable in a range of financial areas, including taxation, accounting, and auditing. They are highly trained and held to ethical standards in their work.
Benefits of working with a CPA:
- Tax Planning and Strategies: Certain CPAs may be able to conduct multi-year planning to provide comprehensive guidance on tax strategies. These tax strategies may take into account stock-based compensation, real estate transactions, or charitable giving.
- Tax Preparation: A CPA can prepare your individual tax returns. In addition to an individual tax return, they may also prepare a trust, estate, or business tax return.
- Estate Planning: CPAs can provide guidance on estate planning strategies, help create an estate plan that aligns with an individual’s wishes, and ensure compliance with relevant tax laws.
Do I need a CPA?
Working with a CPA depends on your specific financial situation. People with complex tax situations, time constraints, or a preference for professional oversight of their personal taxes can benefit from working with a CPA. Individuals with business interests, rental real estate, investment, and stock-based compensation such as restricted stock units and stock options frequently use CPAs as a resource.
At Brickley Wealth Management, we provide the integrated services of CPAs and financial advisers to address your financial needs holistically. Reach out to us and discover the advantages of a streamlined approach to managing your wealth.