Thursday, August 5, 2010

Why To Hire a British Columbia BC CPA

Here are some reasons why you should choose a British Columbia BC CPA for freelancers for your accounting and tax needs, especially when you are self-employed. For all practical purposes, when you are self-employed, you are what are known as an independent contractor.

Additionally, when you are classified as such, there are different accounting and tax implications that you need to be aware of. Herein lays the value of hiring a British Columbia BC CPA when you are self-employed.

Being self-employed or an independent contractor is far different from being a business owner. Unlike the business owner who does not have to be so concerned with the daily operations or be as hands-on with that business, the self-employed individual must be totally aware of the day-to-day operations of their business.

The most significant reason for hiring a British Columbia BC CPA when you are self-employed is the tax responsibilities that you face. When you are self-employed, there are certain tax obligations that you have to meet compared to when you are working as an employee. A qualified British Columbia BC CPA is well aware of these differences and can assist you in staying in the good graces of your local, state, and federal tax authorities.

The bottom line is that British Columbia BC CPA’s are not the number crunching individuals that standard accountants and bookkeepers tend to be. They understand accounting and tax concepts which only apply to the self-employed individual and speak their language. In a sense, British Columbia BC CPA’s are business advisors and financial strategists that can help you with business or personal accounting and tax issues.

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