Since CPAs have advanced financial training, they may provide more services to their clients than tax preparers. They often work with individuals and companies to analyze their financial data and help them manage expenses.

CPAs are best for help with the business and accounting side of taxes, such as filing taxes, finding deductions and credits, accounting, and providing tax and financial planning. Tax attorneys are best for legal advice in writing and representation in court.

Distinction between tax accounting and financial accounting While financial accounting focuses on providing a comprehensive picture of a company's financial health for external stakeholders, tax accounting is primarily concerned with fulfilling tax obligations and calculating tax liability.

A management accountant is an internal party who can not work with external clients, while a tax accountant is an external party who can work with other businesses and individuals.