Congress Passes Payroll Tax Liability Cut and Unemployment Benefits Extension
Congress passed legislation extending the payroll tax liability, unemployment benefits, and the doc fix for Medicare physician reimbursements through 2012
Certified Public Accountants
Certified Public Accountants is a professional who performs accounting functions such as auditing, financial statement preparation, prepare individual and corporate tax returns
He or She is a practitioner of accounting or accountancy. Certified Public Accountants is a professional who has demonstrated competency through their professional associations’ certification exams is certified to use titles such as Chartered Accountant, Chartered Certified Accountant, or Certified Public Accountants. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization’s financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant or may work independently without statutory privileges and obligations.
In the United States, Certified Public Accountants is a professional licensed accountants are Certified Public Accountantss (CPAs), and in certain states, Public Accountants (PAs). Unlicensed accountants may be Certified Internal Auditors (CIAs) and Certified Management Accountants (CMAs). The difference between these certifications is primarily the legal status and the types of services provided, although individuals may earn more than one certification. Additionally, much accounting work is performed by uncertified individuals, who may be working under the supervision of a certified accountant. As noted above, the majority of accountants work in the private sector or may offer their services without the need for certification.
The training ti required for a Certified Public Accountants is a professional in the US requires specific guidelines:
- Certificate: Several months to a year
- Associate degree: 1–2 years
- Bachelor’s degree: 3–4 years
CPA: 5 years of education (150-sester college credits) plus 1–2 years of work experience (length of work experience required depends on which state is granting the license)
- Master’s degree: 1–2 years
- Doctoral degree: 3–5 years
A CPA is licensed by a state to provide auditing services to the public. Many CPA firms also offer accounting, tax, litigation support, and other financial advisory services. The requirements for receiving the CPA license vary from state to state, although the passage of the Uniform Certified Public Accountants Examination is required by all states. This examination is designed and graded by the American Institute of Certified Public Accountantss (AICPA).
A PA (slots referred to as LPA—Licensed Public Accountant) is licensed by the state to practice accountancy to the same extent as are CPAs, although in so states PAs are not permitted to perform audits or reviews (notably Iowa, Minnesota, Oregon, & South Carolina). Certified Public Accountants is a professional PA’s ability to practice out of state is very limited due to most states having phased out the PA designation. While most states no longer accept new PA license applicants, four states still accept PA applicants for practice privileges within the state. As with the CPA, the requirements for receiving the PA license vary from state to state. Most states require a passage of either two or three (out of four) sections of the CPA exam or passage of the Comprehensive Examination for Accreditation in Accounting which is administered and graded by the Accreditation Council for Accountancy and Taxation (ACAT).
Corporate Tax Audits on the Rise
Corporate Tax Audits on the Rise and Increasing Across the Country at both the federal and state levels according to a new survey by Tax Preparation Miami
Most Taxpayers Can File Immediately
Most Taxpayers Can File Immediately and Accountant are ready for tax season and the IRS opened the 2012 electronic tax return filing season yesterday
Tax Preparation Miami Tax Changes 2012
Tax Preparation Miami firms want to point that compared to some prior years, Congress has made few tax changes for tax year 2012
Accountants in Miami
Accountants in Miami are Individuals Who Have Passed the Accountant Exam and have met additional state education and experience requirements for certification
Medicare Accountants Approximates Providers Received $6.6 Billion despite Tax Debts
Medicare Accountant Approximates Providers Received $6.6 Billion despite Tax Debts
Getting Started Tax Preparation Miami Services
Getting Started Tax Preparation Miami Services
Accountants vs. Lawyer Where They Overlap
In the tax area, the lines between accountants and attorneys can be blurred. Some lawyers prepare tax returns, and many accountants help structure business transactions in order to achieve optimum tax benefits