Superman’s Alter Ego Should Have Been a CPA

In the Superman comic books, Clark Kent worked as a reporter for the Daily Planet. As such, Superman’s alter ego was able to get advance notice of breaking news. In a fictional world where villains build dastardly machines and hold cities hostage, the reliance on breaking news makes sense. Still, one has to wonder whether averting petty thefts in alleyways was really the best use of invincibility and x-ray vision. While perhaps a less sexy profession, there’s an argument to be made that Mr. Kent would have had more meaningful power as a CPA.

Historical Accuracy

Crime boss Al Capone was famously imprisoned for charges of tax evasion. The IRS and special agents ultimately did some fancy CPA work to confirm that Capone had more income than he was documenting in his tax forms, and the rest is history. While we like to see comic book heroes engage in slugfests with bad guys, few of history’s crime lords have been exposed and incarcerated as a direct result of fisticuffs. It’s great that childhood readers feel empowered by the idea of standing up to bullies, but violent reprisals may not be the healthiest end goal of disputes that could better be resolved by litigation.

Unseen Powers Among Elites

The Oscars are a popular gathering for the rich and famous, and as a reporter for the Daily Planet, it’s conceivable that Kent could have gotten as close as the red carpet outside. Surrounded by paparazzi, the hero could publicly ask one or two questions while Hollywood’s mega-rich villains stroll past. It’s a visible role that makes “reporter” a natural choice for a comic character. Still, in the case of the real Oscars, accountants arguably have the most power. Since 1935, accountants have held and counted the ballots for the Academy Awards. A CPA in that position could make sure that votes are counted and tallied accurately. The event has been periodically accused of cronyism and racial bias, and a true hero of democracy could make sure that new artists receive appropriate recognition.

The Fairness of Numbers

A kid who reads about Superman’s exploits is left longing for the powers of flight, super strength, and invincibility. The setup doesn’t say much about the skills required for real ethical journalism (without the vigilante intervention). By contrast, crunching numbers does not require super strength or other fictional powers. Far from magical powers imbued by birth on a distant planet, patience, attention to detail, and discipline are the values that lead to successful training and work as a CPA. Anyone with the patience to learn math and double check tax forms and other paper trails is a true hero.

Following a decade fraught with bailouts of car manufacturers and banks, the advent of Super PACs, and politicians’ increased reliance on campaign funding, it’s reasonable to argue that an inquisitive CPA could do more good than a slaphappy jock in a unitard.

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Traits Your Accountant Should Have To Deliver Expected Results

When it comes to accounting, small mistakes can have huge impacts on your business and they can determine financial status of your company. For this reason, every business needs an accountant it can fully rely on to meet expectations and growing the business in the right direction. The skills your accountant has as well as how they maximize on core aspects of personality will determine how valuable they are to your business especially in helping you make all the right financial decisions. When finding an accountant for your business, therefore you should look at traits that will make them exceptional in delivering.

Detail oriented

Diligence should occur naturally to a good competitive accountant so they are able to recognize the numbers and where are headed. When your accountant is detail oriented, they will be able to spot areas that need attention before they develop into serious financial issues. You deserve an accountant that pays attention to the numbers and figures so there is improved accuracy.

Client centric

Apart from having skills, a good accountant should be inclined into client priorities. They should understand what the client expects with the services, the future goals they have and how they will make it possible for the client to achieve the success they expect. By understanding the sector, industry and the details of client, economic measures and accounting rules are selected to meet the business needs. A good accountant should actually be in a position to advise and offer profound views to the client so goals are achieved.

Strong ethics

Accountants need to have work ethics, but beyond that they should also have a sense of integrity to boost confidence in delivering. Accountants that uphold integrity will rarely break rules and will have an easy time keeping any confidential information as private as it really should be. Choose an accountant you can trust to keep up with accounting laws and other relevant laws.

Excellent communication skills

Accounting is a field that has plenty of jargons and a good accountant should be able to break it down to typical clients so they do not get lost in between conversations. When an accountant is able to interpret accounting concepts that are complicated in easy to understand insights, then trust in the business relationship is improved.

Flexibility

This is another very important trait of an accountant. They should be in a position to embrace changes and adapt to working environments that are different. Flexibility is a simple way of keeping up with the industry, especially with continued technological developments. A reliable accountant should be able to work in virtually any given circumstance and deliver the expected results.

Time management skills

Organizations depend on accountants to make strategic decisions. A good accountant should therefore have a structured system that saves them time researching and analyze and also guide the business into the best decisions. With so many tasks entrusted to an accountant, they ought to be extremely organized to manage efficiently.

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5 Tax Services a CPA Can Offer Your Small Business

Starting a small business is scary enough, but the prospect of dealing with the IRS can keep many people from ever taking the first step. Whether you want to launch a bakery or become a freelance photographer, consider hiring a certified public accountant, or CPA, to help you manage your finances.

Here are five tax services your CPA might offer to help your small business.

1- Tax Preparation
No matter what type of business you want to start, you are sure to have a ton of paperwork. Aside from filing that paperwork with the IRS in a timely fashion, a CPA will work to maximize deductions and minimize payments for your business. Using an accountant will also help ensure the accuracy of your return, avoiding future problems with the IRS.

2- Tax Planning and Compliance
Our economy is always changing, and tax laws must adapt to those changes. Your CPA will be able to help make sense of these complicated laws. He or she may also offer help in estimating quarterly payments to the IRS and advise you on how to plan for those payments.

3- Financial Consulting
Although not strictly tax-related, make sure to utilize your accountant’s extensive financial knowledge. A good CPA should be able to offer you advice on risk management. He or she can give valuable advice on how to manage the growing wealth of your new business, and may also provide you with information on new cost-effective technologies.

4- Accounting Services
Most entrepreneurs have little or no experience with bookkeeping. Using a CPA to organize your financial information is a smart way to make sure all your numbers stay balanced from the very beginning. Your accountant can handle your incoming payments and manage your outgoing expenses, providing you with an accurate picture of your gross income so that you know how much of that income is profit. He or she can also provide payroll services, ensuring that you and your employees are paid on time.

5- IRS Problem Resolution
If you tried to handle your finances in the past and have run into trouble with the IRS, don’t worry. Your accountant is trained to work quickly to resolve any problems as efficiently as possible. He or she can help you pay any past-due taxes and resolve discrepancies. You will also be glad to have an accountant on hand if you happen to receive an audit.

Don’t take any chances when it comes to the financial success of your small business. Find a CPA you trust and take advantage of the tax services they offer. They can give you the peace of mind to focus on building and growing your business while avoiding issues with the IRS. The result will be a stronger, better-managed company with a higher chance of long-term success.

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