Hire a CPA Online

Certified Public Accountants (CPAs) offer a wide range of services that go beyond traditional bookkeeping and accounting. One of their primary roles is in financial reporting and analysis, where they prepare and review financial statements to ensure accuracy and compliance with U.S. GAAP or other relevant accounting standards. They also provide tax preparation, including tax planning, preparation, and filing, helping businesses and individuals minimize tax liabilities and navigate complex tax laws.

CPAs are also highly skilled in auditing and assurance services, where they conduct independent audits of financial statements to provide stakeholders with confidence in the accuracy of financial reporting. Additionally, they offer consulting services to businesses, advising on financial strategy, risk management, mergers and acquisitions, and more. Forensic accounting is another key service, where CPAs investigate financial discrepancies and fraud, often providing expert testimony in legal cases. Beyond these core functions, CPAs also assist with compliance and regulatory requirements, ensuring that companies meet all necessary financial reporting obligations and avoid legal pitfalls.

At 1840 & Company, we have a rigorous vetting process to ensure that all CPAs in our network are not only highly qualified but also thoroughly knowledgeable in U.S. Generally Accepted Accounting Principles (GAAP) and other relevant accounting standards, such as IFRS. This begins with a detailed review of each candidate's educational background, professional certifications, and work experience. We prioritize candidates who have obtained their CPA license through recognized U.S. state boards, as this certification requires a deep understanding of U.S. GAAP. Additionally, many of our CPAs have advanced degrees in accounting or finance, and have completed ongoing professional development courses focused on the latest updates in accounting standards.

Beyond credentials, we also assess practical expertise through a series of technical interviews and case studies designed to test their proficiency in applying U.S. GAAP to real-world scenarios. Our AI-driven talent cloud further aids in evaluating and matching CPAs who have specific experience in the industries relevant to our clients. This ensures that the CPAs you hire through 1840 & Company are not only knowledgeable but also capable of applying these standards effectively to meet your business's financial and compliance needs. We also provide ongoing support and resources to help our CPAs stay updated on any changes or new developments in U.S. accounting standards.

While both CPAs (Certified Public Accountants) and accountants play essential roles in financial management, the key difference lies in their qualifications, scope of work, and legal responsibilities. Accountants typically hold a degree in accounting or a related field and may perform a wide range of financial tasks, including bookkeeping, preparing financial statements, and managing budgets. However, they do not hold the CPA designation, which is a specialized certification that requires passing a rigorous exam, fulfilling specific education and experience requirements, and adhering to ongoing professional development and ethical standards.

CPAs, on the other hand, are accountants who have earned this certification, granting them additional authority and expertise in the field. CPAs are uniquely qualified to perform audits, represent clients before the IRS, and provide more in-depth financial analysis and strategic advice. They are also legally required to adhere to U.S. GAAP (Generally Accepted Accounting Principles) and other regulatory standards, making them particularly valuable for businesses that need to ensure compliance with financial laws and regulations. Essentially, while all CPAs are accountants, not all accountants are CPAs; the CPA designation signifies a higher level of expertise, trust, and responsibility in the accounting profession.

At 1840 & Company, we have developed robust systems and processes to manage payroll and compliance for CPAs working across multiple countries. Our global talent network operates in over 150 countries, and we have deep expertise in navigating the complex legal and regulatory frameworks that vary from one jurisdiction to another. We handle all aspects of payroll, including calculating salaries, managing taxes, and ensuring that all deductions comply with local laws. Whether the CPAs are full-time employees, contractors, or freelancers, we ensure they are compensated accurately and on time, in the appropriate currency, and in accordance with the local labor laws.

Compliance is a top priority for us, and we meticulously manage all regulatory requirements, from work permits and tax filings to statutory benefits and local employment regulations. We leverage our global infrastructure and partnerships with local experts to ensure that all CPAs working through our platform are fully compliant with the laws of the countries they operate in. This not only protects our clients from potential legal liabilities but also ensures that the CPAs are working within a secure and legally sound framework. Additionally, we provide ongoing support to navigate any changes in local regulations, ensuring that compliance is maintained throughout the engagement.

Our remote CPAs utilize a range of industry-leading tools and platforms to ensure seamless collaboration and efficient workflow management, regardless of their location. These tools are carefully selected to support all aspects of accounting, financial reporting, and communication. For day-to-day accounting tasks, our CPAs typically use advanced accounting software like QuickBooks, Xero, or NetSuite, which allows them to manage financial records, generate reports, and maintain compliance with relevant standards. For more specialized tasks such as audits or tax preparation, they may use platforms like Thomson Reuters’ UltraTax or Wolters Kluwer’s CCH Axcess.

To facilitate communication and collaboration, our CPAs rely on secure video conferencing tools like Zoom and Microsoft Teams, alongside project management platforms like Asana, Trello, or Monday.com. These tools enable real-time updates, document sharing, and team collaboration, ensuring that everyone is aligned and informed. Additionally, we use cloud-based storage solutions like Google Drive or Dropbox for secure file sharing and data management, ensuring that sensitive financial information is protected and easily accessible. All tools and platforms are chosen not only for their functionality but also for their robust security features, ensuring that your financial data is handled with the highest level of care and confidentiality.