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Tax preparation and bookkeeping services may be outsourced to an online or bricks-and-mortar firm, or performed in-house by an accounting specialist on your payroll. CPAs (certified public accountants) can provide representation to the IRS in case of an audit, preparation of tax filings and EFT (electronic file transfer) services, so that your small business or nonprofit organization can receive its income tax return through virtual banking, with the money deposited directly into your bank account. CPAs also assist companies large and small with balance sheet and payroll management, ensuring that money matters are dealt with according to established, agreed-upon procedures in accordance with the legal needs of their clients.
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