Faith Bynum, CPA, PC

Accounting firm, Certified public accountant in Raleigh, NC

Address
5800 Faringdon Pl, Raleigh, NC, 27609
Phone
(919) 858-6807
Website
faithbynum.com

About Faith Bynum, CPA, PC

Faith Bynum, CPA, PC is a public accounting firm on Faringdon Place in north Raleigh, built around proactive planning rather than once-a-year tax filing. Faith Bynum earned her North Carolina CPA license in November 2012 and opened the practice part-time the same year; it has since grown into a team that, by the firm's own account, brings more than twenty-five years of combined accounting experience to small businesses, nonprofits, and entrepreneurs. The work is organized around a straightforward premise: tax planning done during the year, not in April, is what keeps filing season free of surprises. Clients meet with the firm on a monthly or quarterly cadence to review their numbers, so decisions are made against current financials instead of a stale year-end snapshot. That partnership model runs through everything the firm offers. For established small businesses, the firm handles outsourced accounting and bookkeeping, tax preparation and planning, entity consultation, budgeting, and cash-flow projections. Its Outsourced CFO and Accounting Department service goes further, standing up accounting processes, policies, and systems; managing accounts payable and receivable; running payroll; preparing financial statements; and taking on ad-hoc accounting projects for owners who need a finance function without hiring one in-house. Startups and first-time entrepreneurs are a distinct focus. The firm walks founders through entity selection and setup, forming LLCs, S-corporations, and C-corporations, retrieving EINs, and completing IRS and state regulatory registrations, alongside general business advisory. Its Business Strategy and Development work pairs that formation help with the planning side, setting company goals and objectives, budgeting and forecasting, cash-flow projections, proforma financial statements, and entity creation or redirection through structured strategy sessions. Nonprofit organizations are served with the same technical depth. The firm assists with Form 1023 applications for tax-exempt status, prepares Form 990 and 990-EZ returns, provides an outsourced accounting department, and supports boards with budgeting, cash-flow projections, sustainability and strategic planning, Board of Directors trainings, and ongoing consultation. On the tax side the firm prepares both individual and corporate returns and layers in quarterly tax-planning sessions, withholding assistance, tax-code interpretation, and general consultation, with the stated aim of turning the fear of taxes into confidence through preparation done ahead of time. Founder Faith Bynum is a certified public accountant and MBA who has written on the subject for other owners in her book "Build Faith in Your Business" and speaks regularly on finance and entrepreneurship. That combination, a practitioner who both runs the books and teaches the fundamentals, shapes how the firm communicates: clients are expected to understand their own numbers, not just hand them off. For a small business owner or nonprofit leader in the Raleigh area looking for an accountant who works as a year-round strategic partner rather than a seasonal preparer, Faith Bynum, CPA, PC is set up to fill that role. The office can be reached at 919-858-6807 or [email protected].

Faith Bynum started the firm in 2012, the same year she earned her North Carolina CPA license, running it part-time before it grew into a staffed practice on Faringdon Place in Raleigh. A Durham native and North Carolina Central University accounting graduate, she built the firm around a partnership approach: the team meets with clients monthly or quarterly to review financials and plan ahead, on the principle that tax planning during the year prevents surprises at filing time. The practice today serves small businesses, startups, and nonprofits across the Triangle, offering tax work, outsourced accounting and CFO services, entity formation, and strategic advisory. Bynum has also written a startup guide, "Build Faith in Your Business," and speaks on finance and entrepreneurship, reflecting a firm that treats client education as part of the service.

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