Since CPAs have advanced financial training, they may provide more services to their clients than tax preparers. They often work with individuals and companies to analyze their financial data and help them manage expenses.

TurboTax offers year-round access to tax professionals capable of helping you answer simple and difficult tax questions alike. Being proactive and consulting with a CPA online can provide you with valuable advice — saving you time, stress, and money.

Distinction between tax accounting and financial accounting While financial accounting focuses on providing a comprehensive picture of a company's financial health for external stakeholders, tax accounting is primarily concerned with fulfilling tax obligations and calculating tax liability.

Tax Accountants often face periods of high stress, particularly during tax season when workloads surge and deadlines loom. To manage this, effective time management and staying abreast of tax law changes are crucial.