Every profession has its own set of stereotypes and oversimplifications, and the field of accounting is no different. Our team at Brad R. Smith, CPA PC has encountered a variety of misconceptions about our work over the years, and we want to help set the record straight.
Keep reading to learn more about some of the most common false ideas people have about accounting.
- Accountants Only Do Taxes. One of the most prevalent assumptions people make about accounting is that the field is primarily concerned with taxes. While our accountants do offer a variety of tax services, that’s far from all we do. Accountants can also help you with things like payroll, developing investment strategies, and much more.
- You Don’t Need an Accountant if You’re Good at Math. Another misconception many people have about accounting is that it’s just math. People assume that if they can add, subtract, and calculate percentages, then they don’t need an accountant. In reality, accountants do much more than just arithmetic—they also analyze your finances, provide advice about investments, ensure you remain compliant with tax law, and more.
- Accounting Doesn’t Require Creativity. A third assumption about accounting we’d like to challenge here is the idea that accounting is boring, or that the work does not require creative thinking. In reality, accounting often requires creative problem-solving and the ability to think outside the box. Without creativity and flexible thinking, our team would not be able to provide the custom solutions you deserve.