There are three categories of accountants who have acquired at minimum a bachelors degree. When using someone for tax preparation, a CPA is the optimal choice. When selecting Austin Texas Tax Preparation to file your tax forms you will have them filed by a person with the highest level of education and credentialing.
The accountant with a CPA has earned a bachelors degree, in some states a masters degree, and passed a rigorous exam. He or she is licensed in the state he works in. The requirements vary somewhat from state to state. However, this is the highest level an accountant can aspire to.
Another person who does tax work is the Registered Tax Return Preparer. He or she need not be registered to file federal income taxes as a job. No competency testing is done to qualify this group. The highly-qualified CPA however, has passed a difficult exam to graduate, plus another exam to apply for a license to work in the profession.
CPAs have always had to conform to a code of ethics. Now, other tax preparers must also adhere to the same code of ethics. Others who prepare taxes often do so under the guidance and supervision of a CPA. Everyone has to pass a tax compliance check.
Only the CPA is required to take continuing education credits to maintain a state license. The title auditor is assigned to the CPA who is checking a businesses records to make sure others have filed taxes correctly and legally in previous years. They spend days or weeks investigating, depending on the size of the business being audited.
An auditor goes through all tax records, payroll records and determine if they have done anything illegal. This can be intentional or unintentional. All receipts must be made available to the auditor. All documents and records that go back to previous years will be checked for errors. Every detail is carefully reviewed to check for errors.
The accountant with a CPA has earned a bachelors degree, in some states a masters degree, and passed a rigorous exam. He or she is licensed in the state he works in. The requirements vary somewhat from state to state. However, this is the highest level an accountant can aspire to.
Another person who does tax work is the Registered Tax Return Preparer. He or she need not be registered to file federal income taxes as a job. No competency testing is done to qualify this group. The highly-qualified CPA however, has passed a difficult exam to graduate, plus another exam to apply for a license to work in the profession.
CPAs have always had to conform to a code of ethics. Now, other tax preparers must also adhere to the same code of ethics. Others who prepare taxes often do so under the guidance and supervision of a CPA. Everyone has to pass a tax compliance check.
Only the CPA is required to take continuing education credits to maintain a state license. The title auditor is assigned to the CPA who is checking a businesses records to make sure others have filed taxes correctly and legally in previous years. They spend days or weeks investigating, depending on the size of the business being audited.
An auditor goes through all tax records, payroll records and determine if they have done anything illegal. This can be intentional or unintentional. All receipts must be made available to the auditor. All documents and records that go back to previous years will be checked for errors. Every detail is carefully reviewed to check for errors.
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