Tag Archives: Accountant

Why should people become an accountant?

Why should people want to become and accountant? Throughout this article I explain the importance and the benefits of being an accountant, and answer the question why people should want to become and accountant. Getting an accountant degree is very tough and being an accountant is more than studying for school and going to class, because accounting is more of an art than a skill. Accounting is an art because there is many different ways to get the same answer on the books, however schools only teach you one way to get an answer. The importance of learning how to complete a single task a certain way makes it much easier to learn other ways to complete the same task. For instance, after graduating with an accounting degree, a CPA might hire you, however they will teach a certain way to solve certain problems.

On the contrary, there are many benefits of being an accountant, however I will only get into a few of them. Some of the benefits include wealth, career choices, ability to make business decisions, and also the ability to calculate your own expenses according to your income. The average income for an accountant straight out of college with a BS in accounting is around 50 thousands dollars. Also, there are many advancement opportunities available with an accounting degree. The main advancement for an accountant is a CPA, this is a certified public accountant, however there is also a CMA, and this is a certified management accountant. A CMA is recognized worldwide, where a CPA is generally recognized in North America.  Also, an accountant with a CPA makes on average 70 thousand dollars, so there is always a need to acquire a CPA because it includes a salary bump of 20 thousand dollars. Not only is there a need for accountants, but with a CPA it is possible for an accountant to open up their own firm and in return make more money.

Another benefit to being an accountant is the amount of career choices that come with the major, such as working with a firm, or starting your own firm. However, these are not the only possibilities with an accounting degree because you can also enter into the FBI. There are endless career choices with an accounting degree, because people will always need to have their taxes done. Also, accounting firms hire plenty of students out of college through internships. Working for a CPA firm creates different opportunities for college graduates because it helps build a portfolio, and in return the portfolio will be used to attract new customers. The main thing for an accountant to do with a CPA is to open up their own firm, however it is also the most difficult things to do because people have to trust you with their money.

Not only are the wealth and career choices great benefits to becoming an accountant, but also the ability to make business decisions is another great benefit to being an accountant. In order to be successful in life you have to make difficult decisions, however being an accountant makes these decisions easier because you have the knowledge and the ability to make calculated decisions. The ability to make calculated decisions comes in handy; because you can weigh the pros with the cons and decide weather the decision would be beneficial or harmful to the investment at hand.

Lastly, the ability to calculate expenses with revenue is another benefit of being an accountant, because there is many professions in the world that cannot help you maintain your money. The importance of being an accountant clearly out-weigh any other profession because not only is it the job of an accountant to watch money, but beware of what money is available. An accountant can see what money is coming in each month, and see what the expenses are for the average family, and with this information he can decide where to allocate the money in order to save it for the future. It is very important for an accountant to collect receipts, and save bank statements, so that they can physically see where the money is going, and how much money is physically available.

In conclusion, there are many benefits to being an accountant and the benefits clearly out-weigh not being an account. Every business major in college must take accounting classes just so they have some brief knowledge in the subject. However, being an accountant is much harder than taking a few classes, but the payout in the end comes in handy when becoming wealthy. Also, there are endless possibilities with an accounting degree. So, why should people want to become an accountant? As clearly stated above, there are endless opportunities that lie ahead of an accountant. Also, there is a lot of money to be made in the business, and also the knowledge of how to stay wealthy should make people want to become an accountant.

Find the Right Tax Accountant

When looking for a professional to handle your taxes, you need to make sure that you make the right choice. There are many benefits of having a tax accountant handle your taxes, but you should ask plenty of questions before you place all of your most important information in a stranger’s hands.

Why would you need a tax accountant? Most people feel that they can handle their own tax situation, however, there are some benefits that make hiring someone well worth the cost.

For example, preparing your own taxes can be quite time-consuming and stressful. You can be left with a lingering fear of an audit situation. Many people are frustrated and confused — which can lead to mistakes. Hiring a professional gives your tax returns an increased level of accuracy. Your tax situation could be quite complex, including stock market investments, business dealings, rental properties and other tax situations. If it is, you will need specialized advice.

If you have the goal of paying as little taxes as possible, a tax professional could be very helpful. He or she can provide you with detailed planning and advice. If you are facing a tax situation, such as the filing of back taxes, paying off a tax debt or fighting an audit, you shouldn’t go through it alone.

When looking for an experienced tax accountant, you need to make sure that you find the best professional for your financial situation. Ask your friends, family and business associates who they would recommend. It helps to ask someone who has a similar tax situation as you do.

Accountants should never promise you big refunds. If someone tells you that everything is deductible, you should be wary. You will be ultimately responsible for all of the information on your tax return in the eyes of the IRS, not your accountant.

There is nothing wrong with switching accountants. If you aren’t comfortable or feel that your accountant isn’t right for your financial situation, you need to do what is best for your tax situation. Don’t feel that you have to be loyal to your accountant no matter what. I recently had a friend tell me that they stay with their accountant because he is great at what he does, even if he doesn’t let them take deductions that they qualify for.

If you have a relatively straight-forward tax return, retail franchises could provide adequate services for your needs. Some tax preparers are more experienced. You often can find a CPA or an Enrolled Agent working in a tax preparation company. Ask if you can meet with a CPA, enrolled agent or the senior tax preparer. As you are charged by the number of tax forms necessary to file your taxes, you won’t pay any more to talk to someone with more experience.

Local tax firms offer specialize in individuals and small businesses. Make sure that you check out their expertise to make sure that they can handle your taxes. Enrolled Agents have passed a rigorous test and a background check by the IS. They often specialize in complex tax situations. CPAs have passed the CPA exam and are licensed by the state they work in. They usually specialize in specific areas, such as audits, taxes or business consulting. They are best for complex accounting, however not all CPAs will handle tax situations.

Tax attorneys have chosen to specialize in tax law. They usually have their juris doctor degree and a master of laws degree in taxations. They are great for handling your complex legal matters, such as estate tax returns.

When meeting with a tax professional, you should ask some questions to ensure that you find an experienced, trustworthy tax accountant.

Make sure that you ask the following:

How long have you been in business?

What licenses do you have?

What tax issues do you specialize in?

Do you have experience in tax situations like mine?

Do you outsource any work?

How long will it take to complete my tax return?

What is your privacy policy? Will my information be shared with any third-parties?

Am I currently paying too much, too little or just the right amount of taxes, in your opinion?

Tax accountants usually have very different attitudes about the US tax system. You want to find one that you can work well with and trust with your finances. You want to find an experienced, competent tax accountant who specializes in your situation and can help you minimize your taxes.

After you have narrowed down your choices, perform a quick background check. Contact your state’s board of accountancy to check on the license. They can tell you if any disciplinary action has been taken against the CPA. The IRS Office of Professional Responsibility can help you with Enrolled Agents, their licensing and their disciplinary history.

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CPA or Accountant

CPA-

<a rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=”http://www.judydriscollcpa.com”>Certified Public Accountant</a>

(an accountant who has passed certain examinations and met all other statutory and licensing requirements of a United States state to be certified by that state) “in addition to accounting and auditing, CPAs also prepare tax returns for individuals and corporations.”

A CPA is able to do audits and help a client have full access to tax work. If you own a business you will be able to have one professional handle all your accounting work and help you move from Audits to Tax work.

When choosing a Tax Professional please consider a CPA. A CPA is a certified professional accountant and has all the training necessary to produce accurate tax work for your business. Professionals that focus their careers in accounting take the time to become a CPA.

CPA’s are able to produce financial statement reviews and audits necessary to get bank loans and meet special financing criteria. When making a decision to hire a CPA for the first time make sure to check qualifications and get references. A CPA should be able to provide Tax information and help a business form a strategy to keep their books accurate and profitable.

In order to become a certified public accountant (CPA) in Florida, applicants must meet a variety of minimum criteria. These requirements include completion of 120 semester hours of college credit, including 24 semester hours of 300 and 400 level accounting courses, and 24 semester hours of 300 and 400 level general business classes.

CPA’s can do everything needed for tax work while accountants can’t and often have to refer work out to CPA’s

Please remember CPA’s are needed for all audits, employee benefit plan reviews.

began her career with Spence Marston Bunch Morris & CO as a staff <a rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=”http://www.judydriscollcpa.com”>Audit Accountant</a> in 1983, after graduating USF, and is now a

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