{"id":499,"date":"2022-12-12T11:15:09","date_gmt":"2022-12-12T19:15:09","guid":{"rendered":"https:\/\/www.medallionenterprises.com\/blog\/?p=499"},"modified":"2022-11-28T11:08:03","modified_gmt":"2022-11-28T19:08:03","slug":"growing-your-online-business-when-do-you-need-a-cpa-or-accountant","status":"publish","type":"post","link":"https:\/\/www.medallionenterprises.com\/blog\/2022\/12\/12\/growing-your-online-business-when-do-you-need-a-cpa-or-accountant\/","title":{"rendered":"Growing Your Online Business &#8211; When Do You Need a CPA or Accountant?"},"content":{"rendered":"<p>During the early days of your online business, you wear many hats. As business expands, you need help from specialized sources to keep your focus on growing sales.<\/p>\n<p>Partnering with a\u00a0<a href=\"https:\/\/www.medallionenterprises.com\/services\/index.html\" target=\"_blank\" rel=\"noopener\">fulfillment warehouse<\/a>\u00a0is a valuable solution for operational and logistical challenges. When the financial side becomes too much to handle, turn to a\u00a0<a href=\"https:\/\/www.businessnewsdaily.com\/11205-when-should-you-hire-cpa.html\" target=\"_blank\" rel=\"noopener\">CPA or accountant<\/a>.<\/p>\n<p><strong>CPA vs. Accountant<\/strong><\/p>\n<p>Anyone who earns a bachelor&#8217;s degree in accounting or finance is qualified to serve as an accountant. A CPA, or\u00a0<a href=\"http:\/\/www.medallionenterprises.com\/articles\/startups-accountants.html\" target=\"_blank\" rel=\"noopener\">Certified Public Accountant<\/a>, is subject to stringent requirements to attain that title.<\/p>\n<p>About 50 percent of accountants are also licensed to act as CPAs, which involves the following additional standards:<\/p>\n<ul>\n<li>Specific amount of professional work experience<\/li>\n<li>Passing score on the Uniform CPA Exam<\/li>\n<li>Conforming with all licensing requirements, such as continuing education, in the state where the CPA is practicing<\/li>\n<\/ul>\n<p>One important distinction between a CPA and an accountant is that the former has a fiduciary responsibility to clients. This means they must act in the best interest of their clients or risk losing their license.<\/p>\n<p><strong>Benefits of a CPA<\/strong><\/p>\n<p>A CPA has particular expertise in the area of taxes, and they participate in continuing education to stay current with all laws and regulations.<\/p>\n<p>Here are situations where hiring a CPA is highly recommended:<\/p>\n<ul>\n<li>When tax time rolls around, a CPA can prepare and file your returns as well as recommend strategies for reducing your liability.<\/li>\n<li>A CPA can offer advice for special circumstances, such as taking out a business loan or dealing with the death of a business partner.<\/li>\n<li>A CPA&#8217;s experience is invaluable for major operational changes, such as mergers or acquisitions.<\/li>\n<\/ul>\n<p><strong>Fulfillment Warehouse Programs for Any Needs<\/strong><\/p>\n<p>Our\u00a0<a href=\"https:\/\/www.medallionenterprises.com\/about\/difference.html\" target=\"_blank\" rel=\"noopener\">fulfillment warehouse<\/a>\u00a0can scale along with the needs of your growing company.\u00a0<a href=\"https:\/\/www.medallionenterprises.com\/about\/contact.html\" target=\"_blank\" rel=\"noopener\">Contact Medallion Fulfillment &amp; Logistics<\/a>\u00a0to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the early days of your online business, you wear many hats. As business expands, you need help from specialized sources to keep your focus on growing sales. Partnering with a\u00a0fulfillment warehouse\u00a0is a valuable solution for operational and logistical challenges. When the financial side becomes too much to handle, turn to a\u00a0CPA or accountant. CPA &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.medallionenterprises.com\/blog\/2022\/12\/12\/growing-your-online-business-when-do-you-need-a-cpa-or-accountant\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Growing Your Online Business &#8211; When Do You Need a CPA or Accountant?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":68,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97],"tags":[24,35],"class_list":["post-499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fulfillment-warehouse","tag-business-tips","tag-fulfillment-warehouse"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Growing Your Online Business - When Do You Need a CPA or Accountant? - Medallion Fulfillment &amp; Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.medallionenterprises.com\/blog\/2022\/12\/12\/growing-your-online-business-when-do-you-need-a-cpa-or-accountant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Growing Your Online Business - When Do You Need a CPA or Accountant? - Medallion Fulfillment &amp; Logistics\" \/>\n<meta property=\"og:description\" content=\"During the early days of your online business, you wear many hats. As business expands, you need help from specialized sources to keep your focus on growing sales. Partnering with a\u00a0fulfillment warehouse\u00a0is a valuable solution for operational and logistical challenges. When the financial side becomes too much to handle, turn to a\u00a0CPA or accountant. 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