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Being in the twenty-first century means having diverse and tech-advanced professions. Thousands of new professional fields have emerged within the past decades. Few of the basic professions such as law, engineering, architecture, medical, management, and accountancy have developed beautifully.

For years accountancy has been all about dealing with returns and taxes of clients, but today this whole profession has become much more tech-advanced at the same time scopes of specialization have increased. Now the world of accountancy is not bound to dealing with receipts and returns. If you are good with numbers, clever and have a good eye for organized analysis, accounting can be the future profession for you.

Accountancy is a new career demanding skilled and smart individuals to cope-up with the demands of a growing and thriving client base. If you are a budding organization looking for accountancy services do avail yourself services from Taj Accountants best small business accountant near me.  The profession has continued to grow and now accountancy has different specializations to master. Here is the list of different types of accountants.

Taj Accountants best small business accountant near me
  • CERTIFIED PUBLIC ACCOUNTANT

A certified public accountant is abbreviated as a CPA. The domain of Certified public accountancy primarily deals with federal and state taxes However, the field incorporates different specialized horizons such as AUD (Audit and Attestation), BEC (Business Environment and Concepts), FAR (Financial Accounting and Reporting, and Regulation.

To enroll on the program, an aspiring candidate will need to clear the Uniform CPA examination. In the organisation, the main work role of CPAs is to ensure the organization and employees are following the codes of GAAP, these general accounting principles given by the Financial Accounting Standards Board. They also deal with accounting tasks of tax preparation, financial planning, audits and more.

  • MANAGEMENT ACCOUNTANT

The designation of the Management accountant is also famous as Cost Accountant, Staff Accountant or Industrial Accountant. The work role of a management accountant is much more similar to a project accountant.

The only difference is management accountants are hired by organisations full time, unlike the hiring period of project accountants (that is based upon project). The main domain of a management accountant is to deal with and manage the supply chain profitability and budgets of the organization.

  • CHARTERED ACCOUNTANT

A chartered accountant is also famous as CAs. The work profile of Chartered accountants is more like that of CPAs, Chartered accountant deals with taxation, Financial Accounting, Applied Finance and management accounting.

  • AUDITOR

The main work of auditors is to ensure and evaluate the financial information of organizations. The auditor evaluates all the documents and makes sure proceedings are in sync with tax laws, regulations, and other applicable accounting standards. Auditors help organizations with operational efficiencies and protect the business from fraud.

There are two types of Auditors i.e., Internal Auditors and External Auditors. Internal Auditors are the internal employees of an organization dealing with financial and business practices. External Auditors work independently with the companies. The main task of external auditors is to evaluate the financial statements of a company, accounting systems, and fiscal records.

Accountancy is the core of any successful business touching the sky. If you are looking forward to avail of accounting services do check out the services of Taj Accountants. The services of Taj Accountants accountants for small business owners near me are incredible.