What is a CPA?

A CPA – Certified Public Accountant – is a financial professional who speaks the language of business.  CPAs provide the advice and information businesses and individuals need to make sound important financial decisions.  We help our clients make advantageous financial judgments by analyzing and interpreting historical financial data, projecting future "what if" scenarios, and explaining and assisting with compliance of complex laws, rules, and regulations.  CPAs help their clients to maximize profits and make the most of business and financial opportunities.

What kinds of services do CPAs provide?

CPAs provide a wide range of services and are employed in public accounting and other professional services firms, business and industry, government and education. CPAs also work with individuals in the same manner as businesses. CPAs in public practice are engaged by their clients for a variety of services including accounting, auditing, tax preparation and litigations, personal financial planning, technology consulting, and business evaluation. CPAs employed in business, industry and government settings are likewise responsible for activities from accounting and financial reporting, implementing and managing internal controls and information systems, to compliance with tax and other laws and regulations and other areas of business and financial services management.

What is meant by "financial services"?

The term "financial services" typically includes investment advisory services and the sale of investment and insurance products. Investment advisory services generally include fee-based financial planning, fee-based portfolio management, and asset allocation (and reallocation) programs (including mutual fund wrap fees and third party money managers). The products sold in connection with financial services typically include commission-based brokerage products (securities and mutual funds) and insurance products (life, health, disability income, annuities, and long-term care). Contact Jeff Blizzard, CPA today to learn more.

How much does a CPA charge for his or her services?

Fees for services vary depending upon various factors, such as the:

  • Type of the service performed
  • Time involved
  • Complexity of the request

A person seeking services should have an understanding of the cost of the services to be provided prior to the engagement. Typically all prices will be discussed via phone before or during the initial client meeting.

What are the North Carolina Requirements to become a licensed CPA?

A bachelor's degree from a college or university accredited by one of the regionally accredited associations in any subject that includes, or is supplemented by, 30 semester hours in accounting. OR the applicant has scored in the 50th percentile rank or higher on each part of either the Graduate Record Examination or the Graduate Management Admission Test. An applicant who does not hold an accredited bachelor's degree with a concentration in accounting who is applying to sit for the exam must complete the necessary work experience requirement and additional coursework from a regionally accredited college or university, prior to application for examination.

Are CPAs and accountants the same thing?

All CPAs are accountants, however not all accountants are CPAs. In many states, anyone can call himself/herself an "accountant." However, in order to become a CPA, almost all states require that an individual meet educational, experience, and ethical requirements and pass the Uniform CPA Examination. Only then are individuals granted licenses to practice by state boards of accountancy. Also, only CPAs can perform the mandatory audits of all publicly traded U.S. companies. Contact us to learn more.