A CPA is a Certified Public Accountant. It is not required for a small business to have a CPA, but there are many benefits to hiring a CPA. Some benefits include the CPA:[i]
Filing taxes and ensuring financial compliance
Consulting with you on ways to improve the finances of your business such as budgets and financial risk management
Monitoring your books and preventing fraud
Bookkeeping and preparing financial statements
[i] “When Do You Need a Certified Public Accountant?” Business News Daily, n.d. https://www.businessnewsdaily.com/11205-when-should-you-hire-cpa.html.