Showing posts with label accountant cpe. Show all posts
Showing posts with label accountant cpe. Show all posts
Tuesday, October 1, 2013
Getting CPE Credits for CPAs
If you're
a Certified Public Accountant (CPA) and a member of the American Institute of
CPAs or AICPA, you inevitably have to take a continuing professional education
(CPE) program. This will enable you to earn the required credits in order to
continue with your practice. Such a program, as specified by the National
Association of State Boards of Accountancy or NASBA, helps regulate the
accounting profession in each state.
How many
CPE credits do you need to acquire, and how often do you need to take them?
Requirements may vary from state to state, but it's usually around 20 hours
worth of CPE credits per year, with at least 120 hours for a three-year period.
That's around 40 hours of CPA credit per year on the average. Other states
require accountants to take CPE courses on Ethics once every two years.
Most
states do not have approval processes for CPE sponsors but do specify minimum
guidelines in order to consider such sponsors valid. Others require
registration to become Quality Assurance Service (QAS) sponsors, although State
Boards have the final say on the validity of courses for CPE credits. Those who
plan to take such courses must first verify with their State Boards to ensure
that the courses are acceptable and can be credited.
The good
news is that CPE programs can
be taught through interactive online or self-study courses. Whichever kind of
study scheme you choose, be sure to choose a course provider that complies with
state rules and regulations.
Friday, September 27, 2013
Thing you Need to Know About CPE Credits
A career as a certified public accountant (CPA) is
arguably very stable since there will always be individuals or companies that
need to get their books in order and file the appropriate tax forms. It takes a
lot of hard work to become a CPA, though, since you have to pass a series of
rigorous tests administered by the American Institute of Certified Public
Accountants. Once you've been certified, you also need to earn continuing
professional education (CPE) credits to maintain your certification.
If you want to renew your CPA license, you need to
earn CPE credits either online or through seminars. There are a certain number
of hours required, as well as specific subjects and methods you need to learn.
However, the requirements vary from state to state so it won't hurt for you to
double check.
Generally speaking, though, many states will
require CPE coursework of 80 hours within a two-year period or 120 hours within
a three-year period. Additionally, some states will require 20 hours of CPE
credits to be earned during each year of the qualifying period. The courses
covered in a typical CPE course are usually specific areas in the field of
accounting. While becoming a CPA sounds like a lot of work, those who persevere
ultimately get to enjoy great career perks and prospects.
Monday, September 9, 2013
Money Talks: A Brief Look at Tax CPE Courses
While
young students often hear that learning is a lifelong process, this
adage can also apply to working professionals who have already spent
many years in their respective trades. For instance, tax advisers
need to undergo continuing
professional education (CPE)
if
they want to be updated on taxation laws, as well as to reinforce the
knowledge they already have. After all, any financial advice they
give can lead anybody to either prosperity or ruin.
CPE
courses that tackle taxes (or taxation in general) cover a wide range
of applications. One such aspect is business taxation, for which tax
advisers are taught the importance of tax credits, filing tax reports
correctly and
on time, managing operational costs, and many others. Of particular
importance are the statutes and provisions of local and federal tax
laws, information that will greatly benefit businesses that operate
in multiple states.
Another
important CPE course deals with employment taxation, which is
arguably the area most people are familiar with. The importance of
paying for Social Security, Medicare, and other taxes are discussed
here; tax advisers can use this knowledge to help both employers and
employees. Aside from tackling the basics of paying taxes, this
course can also teach participants about common mistakes that could
lead people to charges of tax
evasion.
