You might have heard that contemporary accountants are very versatile, but did you know that Walter Diemer, who was a typical, ho-hum bookkeeper, is actually credited with the invention of bubblegum way back in the late 1920s?
Although you shouldn’t expect to be able to purchase wholesale chewing gum at your accounting firm in Naples, there is a whole lot that you can gain by forming an interdependent partnership with a locally distinguished accountant.
Chronicling the Timeline of Accounting Services
Primitive accounting records have been exhumed from primeval burial sites in Babylon, Assyria, Sumeria, and other long-defunct civilizations, which suggests that accounting methodologies, no matter how unsophisticated, have been in use for nearly 8,000 years. However, it’s worth noting that the origination of what we now know as an accounting firm is believed to have come about during the rule of Roman Emperor Augustus:
* The first official rationarium. Essentially a bookkeeping volume used to track taxes, commodities, treasury amounts, and other fiscal details, was produced by Augustus in 23 BC according to famed historiographer Cassius Dio.
* Shortly after the turn of the 13th century, medieval accountants in Europe broke new ground with the unprecedented double-entry booking tactic, which presented the original system of documenting debits and credits for every single business activity.
* In 1896, the Certified Public Accountant test was introduced in the United States and it forever changed the standards, benchmarks, and criteria that accredited accountants had to meet.
Your local accounting firm has developed over the years to become an obligatory, indispensable financial partner for private citizens, small businesses, corporate tycoons, and even multinational conglomerates.
Why Do I Need an Accountant?
The federal tax code encompasses almost 80,000 pages of rules, explanations, protocols, and parameters, and that’s without mentioning the alternative stipulations that govern personal income and commercial gains, which is why you are advised to consult with your local accounting firm to gain valuable comprehension regarding how to enhance your financial outlook.
Learning how to lawfully maximize your monetary future is at the crux of every accountant-client relationship, so be sure to arrange a direct discussion sooner rather than later.
