Benefits of Using Accounting Services to Help With Financial Planning

October 2, 2019


Financial advisors and CPAs have different job functions by nature but often these roles can be combined into one person. CPAs typically address accounting, tax, and a variety of financial issues for businesses, governments, and individuals. They are required to pass a CPA exam and have continued professional education annually to maintain their certification. A Financial Advisor works with individuals to understand their goals and develop plans to improve their finances, including on big purchases and financial decisions and help with various needs like financial planning, estate planning, mortgages, and investments.  As you might expect, there’s lots of overlap between the two professions. Check out these reasons why a CPA should also be your personal advisor.

2 For 1

Using a CPA with financial planning credentials is a two-for-one deal. A CPA can offer a wide array of typical accountant work including taxes, financial statement audits, financial forecasts, and bookkeeping. CPAs can also help you make financial decisions. Typically, if your finances are complicated enough to need an accountant, they are also complicated enough to need a financial advisor. A CPA can be your one point of contact that gets multiple jobs done and saves you the headache of needing to talk to multiple people. A Davie Kaplan CPA/financial advisor has a core goal to help each client achieve long-term financial security and peace of mind through tax efficient wealth management.


Finding someone to trust with your finances is hard enough, let alone having to find two people. Using someone who is already familiar with your financial situation makes both their job and yours simple. If you choose to use your CPA as your financial advisor, you can count on them knowing your financial situation better than an outsider. Plus, by working within your finances year-round, the CPA will become familiar with your financial situation, and can tie together cash flow, sound investing and tax implications for you.


Certifications are one of the best ways to validate someone’s skill sets, CPAs go through rigorous schooling where they are required to have a bachelor’s degree and pass a CPA exam. With nearly half of all test takers failing, it’s no wonder the CPA certification is held to such a high standard. CPA requirements don’t stop there; after passing their exam they are required by law to keep up to date with best practices.  Annual continuing professional education is mandatory so, you can be rest assured that the person dealing with your finances will be up to speed on the best practices and recent changes in the industry.


Any way you put it, having a CPA there to give you financial advice is a great alternative to having separate CPA and Financial Advisor roles. The services will be more convenient, well-rounded, and reliable.


Davie Kaplan Certified Public Accountants are here for you. With tax,  accounting, auditing, wealth, and specialty services available, we can help you with all of your financial needs. Our firm has earned a reputation for professionalism, integrity, and responsiveness. Our practical approach to business and its operations has given us a unique edge in today’s complex business environment. Contact our team today to learn more about our offerings here.

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