Certified Practising Accountant

Work together with our CPA for finance, accounting and business professional advice.

CPA-in-Narellen-Sydney

Engage with a CPA that is suitable for your business
At Fitzpatrick + Robinson we have a Certified Practising Accountant (CPA) in our team. Using a CPA for your business is an indication you want to not only grow but develop what you have. The benefit of working with a CPA is the extensive finance, accounting and business management experience it gives you access to.

A CPA delivers a very high level of professional competence with soundness in depth, breadth and quality of accountancy knowledge. CPAs are highly sought after by business owners because it is an internationally recognised qualification that is backed by specialist training as well as continued professional development. 

A CPA is an elevated choice compared to using a general accountant because;

  • They complete a degree or a postgraduate award recognised by CPA Australia.
  • Participate in the CPA Program, including three years of professional experience in finance, accounting or business.
  • Each CPA must undertake continued professional development activities each year.
  • They must comply to strict code of conduct guidelines set by CPA Australia.
 

 

Get strategic financial advice from a CPA
A CPA is regarded as one of the most trusted professionals in Australia because of their ability to provide assistance for accounting, taxation, and financial management. They are trained to provide accurate financial advice and ensure that businesses or individuals comply with tax laws and regulations. In Australia, CPAs are regulated by the professional body, CPA Australia, which ensures that they adhere to strict ethical and professional standards. More importantly they are able to provide very high level strategic financial advice that you can’t get from other types of accountants.

 

The benefits of using a CPA in Australia

  1. Expertise and knowledge: CPAs are highly trained professionals who possess extensive knowledge of accounting principles, tax laws, and financial management. They can help you navigate complex financial issues, minimise tax liabilities, and optimise your financial strategies short or long term.

  2. Objectivity: CPAs are bound by strict ethical standards that require them to maintain objectivity and independence in their work. This means that they will provide you with unbiased and objective advice that is based solely on your best interests.

  3. Peace of mind: By working with a CPA, you can rest assured that your financial affairs are in good hands. CPAs are known for their attention to detail and accuracy, which can give you peace of mind knowing that your finances are being managed professionally.

  4. Strategic planning: CPAs can provide you with strategic financial planning that can help you achieve your long-term financial goals. They can analyse your financial situation, identify opportunities for growth, and recommend strategies that can help you reach your objectives.

  5. Compliance: In Australia, tax laws and regulations can be complex and ever-changing. By working with a CPA, you can ensure that you are compliant with all applicable tax laws and regulations. CPAs can help you navigate tax issues, prepare tax returns, and ensure that you are not exposed to any legal or financial risks.

“Fitzpatrick & Robinson Accountants and Advisors have provided us with a very high level of Professional Tax Accounting Services for over 2 years now. After discovering that our previous accountant had missed many important aspects in previous tax returns and business financials, I sought out a new accountant to amend previous lodgements and continue forward with our future accounting.

After Meeting Bryn and talking through with her our current position, it was immediate to me that Bryn and Fitzpatrick & Robinson were the right fit for our Company and Myself. "

Rick-and-Bryn-from-Fitzpatrick-and-Robinson-accountant-in-Sydney

Providing the option of working with a CPA enables any business owner to get access to the highest level of accounting and business support possible.

Business owners who want to develop their business long term can benefit greatly from working with a CPA.

Rick Fitzpatrick + Bryn Robinson, Directors

Why use a Certified Practising Accountant?

If you are ready to really develop your business, then a CPA is the right choice of accountant.

CPA-in-Nerellan-Sydney

If you are a business owner seeking the most comprehensive accounting service then choosing to work with a CPA will provide that. A CPA has a much broader, deeper and more extensive knowledge and set of skills vs an accountant. Therefore they can get even more involved in what needs to be done in your business to minimise tax liabilities, improve cashflows and plan for long term financial goals.

While many people in Australia see a CPA as a tax expert they can provide many other strategically beneficial services that can help any size business. This includes audits to facilitate smart strategic decisions, deeply analysing ways to minimise tax liabilities, facilitate the planning needed for business expansion, securing business finance for new equipment and more. 

CPA’s have such extensive training together with ongoing development across all aspects of modern accounting practices for small or medium business. A CPA can seamlessly weave your tax planning, business management and long term financial planning into a strategically sensible plan to achieve your long term monetary goals.

CPA-in-Sydney-for-tax-returns

Tax Return
Expert

An CPA can maximise tax deductions for a business using the latest ATO rulings to your benefit.

CPA-in-Sydney-for-busienss-tax-return-preparation

Business tax return preparation

A CPA can work closely with you to prepare your tax returns to be ready for fast processing by the ATO.

CPA-in-Sydney-for-reduce-tax-liabilities

Reduce tax
liability

A CPA can analyse your financial performance & identify ways to reduce your tax liabilities.

CPA-in-Sydney-for-ATO-filing-of-tax-returns

ATO filing &
debt management

A CPA can help you engage with the ATO for things like filing of tax returns or payment plans and more.

CPA-in-Sydney-for-business-development

Business
development

CPA's have extensive knowledge about running a business and can provide strategies for growth.

Accountant-that-can-conduct-an-audit

Business
audits

If you are thinking of buying a business or want your's looked at, a CPA can conduct a deep audit.

CPA-in-Sydney-for-obtaining-business-finance

Obtaining
business finance

If you need finance to expand or buy equipment then a CPA can help prepare the information required.

CPA-in-Sydney-for-financial-planning

Long term
financial planning

A CPA can help you plan your financial strategies to help achieve your medium or long term wealth goals.

Working closely with a CPA gives you access to a qualified professional with extensive knowledge that can be applied to your business.

How can you work with CPA?

We have structured our CPA service in Sydney to accommodate any type of business that sells products or services.

From the very first conversation you have with anyone in our accounting team we will structure a working relationship that fits into your business situation. With a choice of accounting services available we will quickly determine what level will make sense. In some situations working with our CPA will be the best option, especially if you are a business with three or more employees that needs help with  taxes, improving your business & financial planning. 

We can tailor a support package to suit your requirements that may also include our bookkeeping services or our business advisory services so that your financial activities are managed consistently & you have support needed to grow long term.

Business-accountant-with-monthly-costs

Flexible
monthly costs

We can structure an hourly, weekly or monthly fee depending on your needs so that CPA costs are predictable.

Business-accountant-available-in-Sydney

Any location
that suits

Our CPA service can be performed in our office, at your site or even remotely using the latest online accounting software.

Business-accountant-flexible-times

Available when
you need it.

Our team is available during working hours to help you with any questions you may have so that it is easy to run your business.

Business-accountant-training-and-set-up

Set up &
training services

We provide a wide range of set up or training services to make it easy to learn how to use the latest tools & applicaitons.

Qualified. Awarded. Trained. Innovative.

Give your business a competitive advantage with a Certified Practicing Accountant.

Not all accountants in Sydney are the same, it is not just about filling in a ledger and balancing the books each month. Our accounting team includes senior accountants, tax accountants and a Certified Practising Accountant (CPA).

Our team has won numerous industry awards, recognised for our forward thinking methods of helping business owners. These have been achieved by embracing the latest online accounting tools to improve efficiency, cut costs & let you get on running your business.

A CPA that uses cloud accounting software

Our bookkeeping and accounting services are supported by cutting edge cloud software applications suitable for any business.

Bookkeeper-that-uses-cloud-accounting-sofware-like-Xero

Technology is redefining our world and how we conduct business, and our bookkeeping and accounting services are backed by the latest cloud accounting applications. Our focus is to be leaders in this space so your business can be efficient & organised.

We are able to provide solutions to help anyone from a start-up company through to established businesses with teams of five employees or more.

New software and apps are driving financial operational efficiencies, saving business owners time and money. We are a Xero cloud accounting software specialist and this can remove double entry processes with automation, reduce labour requirements & reduce mistakes with real time financial information available via your phone or computer.

In addition to this cloud accounting software, we use & support a number of other apps including;

  • Workflow Max
  • Receipt Bank
  • Hubdoc
  • Office 365
  • GoCardless
  • Debtor Daddy
  • Practice Ignition

We have also been involved in implementing different apps across clients in a multitude of different industries. We won’t recommend something we haven’t tried and tested so that we can see its benefits. 

A CPA can audit, investigate, explore and challenge the status quo to facilitate change.

Remember, in business as in life, if you keep doing the same thing, you can’t expect different results. We are recognised industry leaders in advising businesses on what technology and apps to use to automate systems and processes to improve profitability. 

If you’re ready to discuss how accounting software technology can create more capacity in your business, contact us today.

Let us help you thrive with a wide range of accounting, bookkeeping and business advisory services.

Xero Accounting experts

We are a Platinum Champion Partner, qualified to provide expert advice and training on the cloud-based accounting software.

Technology driven

We use technology to work smarter, to identify any manual processes that can be automated to give you the best value.

Save time & money

Is bookkeeping taking too much of your day? Let us tick it off your ‘to do’ list, so you can spend time on the things that matter.

Access extensive services

We set up Xero, process pay runs, lodge your BAS, IAS & Super – we can do it so you can focus on driving your business forward.

Accounting compliance

Our specialised bookkeepers are across the latest legislation, so you know we have your back and you can breathe easy.

Make commercial decisions

We will present you with a clear and precise view of your finances, helping you make informed business decisions.

Frequently asked questions about working with a
Certified Practising Accountants (CPA)

Explore the answers to the most common questions we get asked about our Certified Practising Accountant service.

A Certified Practising Accountant (CPA) is a finance, accounting and business professional with a specific qualification. Being a CPA is a mark of high professional competence and they have broader qualifications compared to general accountants. It indicates a soundness in depth, breadth and quality of accountancy knowledge that you won’t find elsewhere.

CPAs are highly respected by the business community and it is even a internationally recognised qualification that demonstrates the person has completed specialist training as well as continued professional development. Each CPA must;

  • Complete a degree or a postgraduate award recognised by CPA Australia
  • Complete the CPA Program, including three years of professional experience in finance, accounting or business
  • Undertake continued professional development activities each year
  • Comply to a strict code of conduct set by CPA Australia.

We offer public accounting services and our CPA has completed the CPA Australia’s Public Practice Program and holds a Public Practice Certificate in accordance with the CPA Australia’s By-Laws.

A CPA can complete a wide range of accounting or financial planning tasks related to day to day business operations, tax or financial planning;

  • A tax expert for business owners
  • Prepare your business tax return 
  • File your tax return with ATO
  • Assist in reducing your tax liability
  • Advise on how to improve your business
  • Advise how to improve cash flow 
  • Liase with ATO regarding payment arrangements for debts or other general ATO correspondence 
  • Assist with obtaining business finance 
  • Establish, update or maintain a company’s accounting policies and procedures, including bookkeeping methods, monitoring and reporting.
  • Oversee or participate in the creation of budgets.
  • Oversee internal audits (to ensure accuracy of reporting).
  • Prepare and create audit reports for government audits or for tax purposes.
  • Prepare and present financial statements to the company’s management or Board of Directors.
  • Review and provide consultation on compensation, benefits, assets and spending of company money.
  • Manage accounts payable and accounts receivable.
  • Stay up to date on changes in the finance industry, tax laws, and government regulation. 

A CPA can be your tax expert as they can complete a wide range of accounting or financial planning tasks related to day to day business operations, tax or financial planning;

  • A tax expert for business owners
  • Prepare your business tax return 
  • File your tax return with ATO
  • Assist in reducing your tax liability
  • Liase with ATO regarding payment arrangements for debts or other general ATO correspondence 
  • Establish, update or maintain a company’s accounting policies and procedures, including bookkeeping methods, monitoring and reporting to suit ATO tax requirements.
  • Oversee internal audits (to ensure accuracy of reporting and meeting any tax regulations).
  • Prepare and create audit reports for government audits or for tax purposes.
  • Stay up to date on changes in the finance industry, tax laws, and government regulation. 

In Australia there may be some overlap between what a CPA does vs an Accountant. Generally speaking an accountant will analyse and interpret the financial data of a business to prepare financial reports, they may perform a range of finance related tasks such as;

  • Ensuring a business’s financial documents and tax returns are accurate while complying with relevant laws, regulations, and tax codes
  • Recording and classifying financial transactions (if this isn’t already performed by a bookkeeper)
  • Preparing financial statements and related schedules or disclosures
  • Recommending internal controls and financial best practices
  • Offering guidance to help business owners overcome cashflow problems
  • Provide help with payroll, staff contracts and daily operations.
 

A CPA can complete a wide range of accounting or financial planning tasks related to day to day business operations as well as tax or financial planning;

  • A tax expert for business owners
  • Prepare your business tax return 
  • File your tax return with ATO
  • Assist in reducing your tax liability
  • Advise on how to improve your business
  • Advise how to improve cash flow 
  • Liase with ATO regarding payment arrangements for debts or other general ATO correspondence
  • Assist with obtaining business finance 
  • Establish, update or maintain a company’s accounting policies and procedures, including bookkeeping methods, monitoring and reporting.
  • Oversee or participate in the creation of budgets.
  • Oversee internal audits (to ensure accuracy of reporting).
  • Prepare and create audit reports for government audits or for tax purposes.
  • Prepare and present financial statements to the company’s management or Board of Directors.
  • Review and provide consultation on compensation, benefits, assets and spending of company money.
  • Manage accounts payable and accounts receivable.
  • Stay up to date on changes in the finance industry, tax laws, and government regulation.

You can verify if someone is a CPA in Australia by using their directory. You can search by location very easily, Fitzpatrick & Robinson is listed here

A CPA in Australia technically is equivalent to anything really. A certified practising accountant (CPA) is a highly qualified general accountant. They have a degree in accounting, business or finance, and have also completed the demanding CPA program, which is overseen by accounting body CPA Australia. CPA is a professional accounting qualification or certification rather than a degree. It is awarded based on an assessment of the knowledge and skills of applicants.Therefore they have degree backed qualifications + the additional accreditation granted by completing CPA’s requirements.

As a business owner, you might find yourself asking, “Do I need a CPA for my business?” and this is a pretty common question that we get asked. It really depends on your situation, how complex your tax requirements are, the goals for your business or even how large or complex it is. Some CPAs work as financial advisors and can help you create an entire financial plan in an effort to reach all of your personal financial goals.

A certified public accountant has completed extensive educational and state licensing requirements in the areas of accounting, tax preparation and other financial matters. The professionals have passed a CPA exam, which qualifies them to provide specialised tax advice and enables business owners to get help for certain financial needs.

With their unique skill set, a CPA can help you plan out an efficient tax strategy for your business, many business owners will engage with a CPA in Sydney to help them manage money, taxes or even investments in an efficient way that follows the rules of current ATO rulings.

There is no real definition of ‘higher’ or ‘lower’ applied to a CPA. Essentially a CPA is better qualified than an accountant to perform accounting duties, and recognised by the government as someone who is credible and an expert in the field. Individuals who have received a CPA designation are trained in generally accepted accounting principles and best practices. They may have also studied a particular niche such as forensic accountant, crypto accountant, start-up accountant where this extra knowledge can be used in particular situations. 

Some accountants may focus on business management accounting, which helps organisations leverage performance metrics and other data to make strategic business decisions. Others may specialise in things like fraud, tax returns, tax planning services or even financial advisors. 

Regardless of the specialities, every CPA is held to a strict code of ethics that has a focus on serving the public interest with integrity, objectivity, and taking due care when providing professional financial services of any type.

In Australia, Chartered Accountants (CA) and Certified Practising Accountants (CPA) are both professional accounting designations that signify a high level of competence and expertise in the field of accounting. CPAs and CAs are both highly qualified accountants that operate within a rigorous code of conduct. Broadly speaking, CAs tend to have a greater focus on the technical aspects of accounting and a deeper understanding of complex taxation matters, while CPAs focus on accounting, business management and tax related matters. The differences are based on;

  • Certification: CA is certified by the Institute of Chartered Accountants of Australia (ICAA) and CPA is certified by the Certified Practising Accountants of Australia (CPAA).
 
  • Membership: Chartered Accountants are members of the ICAA, and Certified Practising Accountants are members of the CPAA.
 
  • Educational requirements: Both designations require a bachelor’s degree in accounting or a related field. However, CA requires an additional two years of study, and CPA requires a three-year undergraduate degree.
 
  • Professional requirements: CA requires three years of supervised training and an ethics exam, while CPA requires three years of professional experience and an ethics exam.
 
  • Scope of work: Both designations allow accountants to provide a wide range of accounting services, including auditing, financial reporting, tax preparation, and financial consulting.

 

In terms of the benefits that a CPA can provide for a business in Australia, these can include;

  • Compliance with regulations: CPAs can help ensure that businesses are compliant with various regulations, such as tax laws and financial reporting standards.
  • Tax planning and preparation: CPAs can assist with tax planning strategies and prepare tax returns for businesses.
  • Financial forecasting and budgeting: CPAs can help businesses develop financial forecasts and budgets to plan for future growth and expenses.
  • Risk management: CPAs can help identify and mitigate financial risks that could impact a business’s operations and profitability.
  • Fraud detection and prevention: CPAs can help detect and prevent fraud within a business, which can save the company from significant financial losses.
  • Financial analysis and reporting: CPAs can provide in-depth financial analysis and reporting that can help businesses make informed decisions about their operations.
  • Business valuation: CPAs can provide an independent assessment of a business’s value, which can be useful for various purposes, such as mergers and acquisitions or estate planning.
  • Strategic planning: CPAs can help businesses develop long-term strategic plans that align with their financial goals.
  • Outsourced accounting services: CPAs can provide outsourced accounting services to businesses, which can free up internal resources and save money.
  • Improved financial management: By working with a CPA, businesses can improve their overall financial management practices, which can lead to increased profitability and long-term success.