They can perform services for clients across state lines while CPAs are mired in a regulatory mess. If you are a CPA who performs only tax services, interstate CPA licensing requirements apply to you, regardless of the type of client services you perform.
Can a CPA save you money?
No matter what kind of business you operate, a CPA can save you a lot of money by maximizing your legal business deductions. Your CPA can ensure you take both depreciation and regular deductions for the year.
Does it matter what state you take the CPA exam in?
While it doesn’t matter where you physically take the CPA Exam, the requirements to sit for the exam can vary by state. The exam requirements in the jurisdiction in which you apply to take the exam will apply.
Can I be a CPA in two states?
CPE reciprocity exempts CPAs who hold multiple state licenses from having to meet the individual CPE requirements of each state so long as the licensee meets the CPE requirements of their home state. However, in certain circumstances, a CPA may choose to continue to hold more than one license.
Does TurboTax have a CPA?
TurboTax Live Offers CPAs to Answer Your Tax Questions and File Your Taxes. Through a one-way video, our network of CPAs and Enrolled Agents (EAs) can answer questions you may have while you prepare, and review your return line-by-line before you file for extra reassurance.
What kind of questions should I ask a CPA?
Ask questions about the CPA’s approach to getting and serving clients, the role of staff, the use of technology – including computers, communications equipment and the Internet — as well as ways of keeping current, research methods, management of files and records, etc.
How can I find out if my CPA has a disciplinary action?
You should inquire with the state CPA organization to discover if there have been any disciplinary actions entered. Some accountants also have credentials as financial planners (PFS), securities representatives, business valuation experts, even lawyers. Check web directories and websites (e.g., )
How old should accounting information be before hiring a CPA?
Accounting information can get out of date quickly. Except for annual information, most accounting information should be no more than 10-30 days old. You should be able to access your up-to-date information and your CPA quickly and easily. A proficient CPA makes it a habit to get back to clients as quickly as possible.
How many hours of continuing education do you need to be a CPA?
EAs are required to have 72 hours of continuing education in a three-year period; each state sets its own requirements for CPAs. In Oregon, for example, CPAs must take 80 hours of continuing education within a two-year period. Many tax professionals take more than the minimum requirement for continuing education.
