FAQs

What is a CPA?

Why not prepare your own return?

What are the disadvantages of using a "chain" tax preparer?

What are the advantages of allowing us to prepare your tax returns?

What is a CPA?

A CPA is much more than a Certified Public Accountant. When an accountant is 'certified', it means they have fulfilled the licensing requirements to function as an accountant and met the standards promulgated by the American Institute of CPAs and the various state societies.

A CPA is much more than the acronym implies. Certified refers to fulfilling stringent licensing requirements and meeting the tough standards promulgated by the American Institute of CPAs and various state societies.

To become a CPA, an individual must pass a rigorous, standardized examination and acquire experience working for a firm that examines and renders reports on financial statements. The term public accountant refers to the role of record-keeping and reporting matters for the public. The term 'CPA', however, means more to most people than these two definitions imply. A CPA is a trusted financial advisor to both individuals and businesses, not only for their keen analytical and decision-making skills, but also for their objectivity, integrity and dedication to service.

Many CPAs provide services far beyond accounting, auditing and reporting. Some CPAs are business, management, and information technology consultants. Some specialize in tax planning and preparation, and personal financial planning. Others perform valuation and elder care services, and compliance. The consumer often expects a CPA to be proficient in many areas of specialization, even some only indirectly related to the traditional role of accounting. The role of CPA is rapidly expanding and the commonly known acronym may change to encompass the newly acquired responsibilities of this versatile professional. Stay tuned for further developments. One thing is certain, however; the valued professional advisor known as a CPA has not only kept up with the ever-changing world, but has also helped shape it.

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What are the disadvantages of using a "chain" tax preparer?

  • Offices are not typically open year-round
  • Most use low-paid, inexperienced, part-time employees who have limited training.
  • Most cannot represent you in an audit.
  • Many simply insert numbers on the tax return form; they fail to search for ways to decrease your tax liability.
  • These firms usually do not offer long-term financial planning to aid in reduction of future tax liability.

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What are the advantages of allowing us to prepare your tax returns?

  • Experience
    There is no substitute for experience.  In tax preparation, it means deductions and lower tax bills.

  • Quality
    Professional standards require this office to make every effort to prepare an accurate return, while minimizing your tax liability.

  • Service
    You get an office that is open year-round, in the same convenient location, to answer any of your questions or help with your tax needs.

  • Competitive Rates
    The rates of a full-service CPA firm are not as high as you might expect. This office offers rates that are very competitive with "chain" and individual tax preparers.

  • Representation
    We will represent you, at your request, at any IRS or NC Department of  Revenue audit or inquiry. (Your presence is not mandatory.) Additional fees will be incurred for this service.

  • Computerization
    Returns are prepared on computers and are printed on high-quality laser printers. 
    This increases legibility and accuracy.

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CALL US TODAY!

John D. Thornton, CPA, PLLC
126 Highway 70 West
Garner, NC  27529

Phone: 919-772-8223
Fax: 919-772-2687

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