What are the main business scopes of CPAs?

Tax accounting firm:

With the improvement and updating of tax laws, the scope of taxation is getting wider and wider. Many people say that doing taxation becomes less and less like doing taxation. I prefer business consulting, and taxation is an important focus. Tax business mainly includes:

1. Tax declaration agency: the most tedious and basic work, including corporate tax declaration and personal tax declaration, so it is divided into corporate tax group, personal tax group and US tax group Wait, that is, declare U.S. taxes for companies, individuals, Americans in China, etc.

2. Tax consulting: various consulting, compliance, tax avoidance, tax reduction, high-tech, etc., writing consulting reports, and providing various tax-related consulting opinions to customers. It also includes consulting for relevant government departments.

3. International tax services: A group that uses tax treaties between countries to formulate corporate structure arrangements and plan tax burdens. Write various reports.

4. Mergers and Acquisitions: Various due diligence investigations, assist colleagues in the FAS department to conduct company financial due diligence investigations, and find possible future risk points and issues affecting corporate valuation negotiations from a tax perspective.

5. Transfer pricing: It is one of the most important means of global tax burden planning, including benchmark analysis, advance pricing arrangements, various analyzes and various negotiations. Because an advance pricing arrangement is to negotiate with the tax bureau to get them to accept your pricing arrangement. Very specialized and narrow. 6. Customs/Indirect Taxes: Various consultations and services on customs duties.

7. Tax defense: Act as a lawyer when fighting tax-related lawsuits.

8. Business consultation: various structural arrangements, investment in China, company establishment, cancellation and other process agency, business operation related consultation.

9. Law Firm: Completely transform into a lawyer to provide legal services.

10. Immigration: including immigration consultation and some simple agency.

Accounting firms:

1. Auditing As we all know, auditing is the basic business of accounting firms, and it is also the core business of all accounting firms. However, the proportion of income is gradually declining, which means diversification of business. Everyone knows about auditing, so I won’t introduce much about it. The audit business mainly includes:

1. Annual statement audit (large-scale companies will also have pre-audit).

2. IPO audit, financial compliance audit before the company goes public.

3. Special audit (issue an audit report on a specific matter).

4. Capital verification is basically not done by the Big Four because it has no technical content, but it is also one of the basic businesses of the firm.

5. Due diligence, various audits, and the procedures are similar to audits.

6. Liquidation audit, various realizations, and various liquidations. But you find that auditing is actually an "attestation" business. It is an independent third-party authenticity inspector who issues an audit report and assumes corresponding legal responsibilities and risks. Therefore, auditors will be more rigid, their thinking will be more fixed, and they will be more rational when thinking about problems. Skepticism is what we often call an occupational disease in auditing.

2. The consulting business is the most complicated. They can provide all kinds of novel services that you can’t imagine, which is beyond imagination.

1. Corporate strategy consulting (Strategy

&operation) is familiar to everyone, and it is also this part of the business that competes with MBB. They are common strategies, customer service markets, supply chain management, corporate M&A strategies, etc. Thinner service lines.

2. Financial management consulting. This is different from FAS, which mainly includes financial strategy planning, financial management improvement consulting, corporate performance improvement. Capital structure optimization and other small service lines

3. Specifically targeted at Strategic consulting, project management, risk control, bank optimization, standards consulting, etc. in the financial industry.

4. Forensic accountants are most like lawyers, a group of financial personnel who collect evidence and defend in economic cases.

5. Restructuring (restructuring) helps the enterprise with overall planning consultation and clarify the structural arrangements, but the main customers are banks. The projects are relatively large.

6. Valuation (valuation) This is a auxiliary service line, which is to assist in the valuation of corporate mergers and acquisitions, as well as the target company valuation of the CFA department mentioned above, building models, and telling stories. .

7. Corporate financial consulting, often referred to as DD, is due diligence during M&A, various due diligence, including financial DD, operational DD, a lot of business travel, and hard work, but people who like MA and DD You will find it very interesting. All kinds of companies can see it, and all kinds of lies and tricks can be seen.

8. Business DD, this is a department that researches computers and various databases to see if there are any black spots in the company's business and whether it has ever bribed. Fraud or something like that.