CPA Regulation (REG)
Certified Public Accountant Regulation (REG) covers ethics, federal tax procedures, business law, and professional responsibilities for aspiring CPAs.
Practical Applications
Advising Small Businesses
Helping Entrepreneurs Succeed
CPAs are trusted advisors for small businesses. They guide owners in choosing the right business structure, managing cash flow, and staying compliant with regulations.
Key Services
- Entity selection (LLC vs S corp vs partnership)
- Tax planning and compliance
- Payroll setup
- Bookkeeping and accounting systems
Impact
Good advice can mean the difference between business success and costly mistakes.
Best Practice
Building long-term relationships with business owners helps ensure ongoing success and compliance.
Examples
Recommending S corporation status to a profitable small business to reduce self-employment taxes.
Setting up a payroll system for a new restaurant.