May
31
Cost Segregation - Why isn’t my CPA doing this?
Filed Under Real Estate | Comments Off
Patrick O’connor, Mai asked:
Most commercial property owners, even those who use professional accountants, fail to take advantage of cost segregation, a tax mechanism that could generate substantial savings in federal income taxes.
While most accountants are familiar with the approach, some are hesitant to recommend it without a documented analysis of correct depreciation amounts. The numerous intricacies of IRS designated building components make it difficult for some accounting professionals to be cognizant of all applicable items on a specific property. CPAs recognize that in order for the client to fully benefit, it is usually necessary to seek a real estate specialist to provide an independent report supporting the owner’s depreciation schedule.
Although it is vastly under-utilized, cost segregation is no wildly speculative accounting tool. In fact, the American Institute of Certified Public Accountants’ National Journal of Accountancy has published numerous articles in support of cost segregation.
Cost segregation identifies applicable components and establishes the value and correct time line for depreciation. Under typical circumstances, depreciation is spread out over as long as 39 years. However, cost segregation applies depreciation to parts of the property in 5-,7- and 15-year increments. This acceleration in depreciation time reduces the income subject to federal taxes. This method does not dictate alternative minimum tax issues.
Professionals Prepare Detailed Reports
To perform a cost segregation analysis, initially the building’s cost basis for construction, renovation and repairs is reviewed. A technician goes on site to take detailed measurements and observe the quality and condition of the property. After the site visit, he or she calculates the value of the property using widely accepted pricing resources and local economic conditions.
A cost segregation study produces a professional document that is backed by careful research. The results are summarized in a detailed report, documenting the amount of 5-,7- and 15-year property that qualifies for short-life depreciation.
Real estate appraisers or engineering firms typically have the knowledge to perform the detailed cost segregation studies, frequently at the recommendation of the owner’s tax preparer. Preparing the study requires expertise in evaluating real estate and complete command of the regulations that detail these depreciation options. Internal Revenue Code regulations outline approximately 130 categories of property, which qualify for shorter lives.
Cost segregation regulations contain a lot of variables that are not necessarily intuitive. The 5-year property includes items such as carpet and vinyl flooring. Seven-year property may reflect signs and parking lot striping. Fifteen-year property encompasses paving and landscaping.
Many CPAs Recommend Cost Segregation
Most property owners instinctively believe their CPAs are performing cost segregation for them, but research has suggested that this tool is used only 5% - 10% of the time. CPAs and other tax preparers may not routinely perform the study because it involves real estate appraisal methodology and specialized knowledge outside the scope of a typical tax practice. Even though cost segregation may be unfamiliar territory to some accounting professionals, it is highly praised by many accountants.
How Does It Work?
Historically, most depreciation schedules are split between land and long-life property. Long-life property depreciates over 27.5 years for apartments and 39 years for most commercial properties. A cost segregation study can typically allocate 20% to 40% of the improvement basis to short-life categories, and sometimes more.
High-income owners typically pay a 35% federal tax rate on ordinary income and a 15% rate on capital gains. The mechanics of reporting the gain on a sale usually allocate most of the gain to capital gains, which is taxed at 15%.
A cost segregation study actually reduces the amount of long-life property, which is recaptured at 25% by allocating more of the basis to the 5-,7- and 15-year property. If cost segregation is utilized from inception until a gain on the property is recognized, it can reduce the federal tax rate from 35% to 15% for most investors. The exceptions are C corporations, which pay the same tax rate for either ordinary income or capital gains.
How Much Can It Save?
The annual tax savings through cost segregation can be significant. The following table summarizes actual first-year tax savings generated in cost segregation reports prepared by O’Connor & Associates, a national real estate consulting firm.
A recent client of the firm realized a payback ratio for the first year savings at 4:1 and the payback ratio for the first five years at 20:1.
Who Prepares Cost Segregation Studies Today?
Appraisal and engineering firms, Big Four firms and spin-offs of Big Four firms are the primary providers of cost segregation studies. Some accounting firms offer the service but frequently outsource the actual report preparation to an appraisal or engineering firm. With the introduction of new providers, the price gap has widened between very low cost analytical studies and much higher large firm rates.
Do All Properties Benefit From Cost Segregation?
Cost segregation is typically effective and financially feasible for properties that have an improvement basis of $500,000 or higher.
Cost segregation can be performed for properties anywhere in the United States. It is effective for apartments, office, retail, industrial, self-storage and many special use properties.
“Clients expect us to seek out and utilize tools which will minimize their federal taxes,” says CPA Sheldon J. Donner of Donner Weiser & Associates, P.C., an Atlanta-based CPA and consulting firm. “Cost segregation is an appropriate, conservative and cost effective tool to substantially reduce federal and state income taxes. Our clients have been extremely pleased with the results.”
When Should I Obtain A Cost Segregation Report?
“We routinely obtain a cost segregation study after purchasing an investment property,” said Jeff Harris, chief financial officer of Boxer Properties, a national property investment firm. It typically makes sense to obtain a cost segregation report the year a property is purchased or built. Property owners who purchased or constructed property after 1986,often can benefit substantially by recouping previously under-reported depreciation without filing amended tax returns.
DALTON
Most commercial property owners, even those who use professional accountants, fail to take advantage of cost segregation, a tax mechanism that could generate substantial savings in federal income taxes.
While most accountants are familiar with the approach, some are hesitant to recommend it without a documented analysis of correct depreciation amounts. The numerous intricacies of IRS designated building components make it difficult for some accounting professionals to be cognizant of all applicable items on a specific property. CPAs recognize that in order for the client to fully benefit, it is usually necessary to seek a real estate specialist to provide an independent report supporting the owner’s depreciation schedule.
Although it is vastly under-utilized, cost segregation is no wildly speculative accounting tool. In fact, the American Institute of Certified Public Accountants’ National Journal of Accountancy has published numerous articles in support of cost segregation.
Cost segregation identifies applicable components and establishes the value and correct time line for depreciation. Under typical circumstances, depreciation is spread out over as long as 39 years. However, cost segregation applies depreciation to parts of the property in 5-,7- and 15-year increments. This acceleration in depreciation time reduces the income subject to federal taxes. This method does not dictate alternative minimum tax issues.
Professionals Prepare Detailed Reports
To perform a cost segregation analysis, initially the building’s cost basis for construction, renovation and repairs is reviewed. A technician goes on site to take detailed measurements and observe the quality and condition of the property. After the site visit, he or she calculates the value of the property using widely accepted pricing resources and local economic conditions.
A cost segregation study produces a professional document that is backed by careful research. The results are summarized in a detailed report, documenting the amount of 5-,7- and 15-year property that qualifies for short-life depreciation.
Real estate appraisers or engineering firms typically have the knowledge to perform the detailed cost segregation studies, frequently at the recommendation of the owner’s tax preparer. Preparing the study requires expertise in evaluating real estate and complete command of the regulations that detail these depreciation options. Internal Revenue Code regulations outline approximately 130 categories of property, which qualify for shorter lives.
Cost segregation regulations contain a lot of variables that are not necessarily intuitive. The 5-year property includes items such as carpet and vinyl flooring. Seven-year property may reflect signs and parking lot striping. Fifteen-year property encompasses paving and landscaping.
Many CPAs Recommend Cost Segregation
Most property owners instinctively believe their CPAs are performing cost segregation for them, but research has suggested that this tool is used only 5% - 10% of the time. CPAs and other tax preparers may not routinely perform the study because it involves real estate appraisal methodology and specialized knowledge outside the scope of a typical tax practice. Even though cost segregation may be unfamiliar territory to some accounting professionals, it is highly praised by many accountants.
____________________________________________________________________
How Does It Work?
Historically, most depreciation schedules are split between land and long-life property. Long-life property depreciates over 27.5 years for apartments and 39 years for most commercial properties. A cost segregation study can typically allocate 20% to 40% of the improvement basis to short-life categories, and sometimes more.
High-income owners typically pay a 35% federal tax rate on ordinary income and a 15% rate on capital gains. The mechanics of reporting the gain on a sale usually allocate most of the gain to capital gains, which is taxed at 15%.
A cost segregation study actually reduces the amount of long-life property, which is recaptured at 25% by allocating more of the basis to the 5-,7- and 15-year property. If cost segregation is utilized from inception until a gain on the property is recognized, it can reduce the federal tax rate from 35% to 15% for most investors. The exceptions are C corporations, which pay the same tax rate for either ordinary income or capital gains.
How Much Can It Save?
The annual tax savings through cost segregation can be significant. The following table summarizes actual first-year tax savings generated in cost segregation reports prepared by O’Connor & Associates, a national real estate consulting firm.
A recent client of the firm realized a payback ratio for the first year savings at 4:1 and the payback ratio for the first five years at 20:1.
Who Prepares Cost Segregation Studies Today?
Appraisal and engineering firms, Big Four firms and spin-offs of Big Four firms are the primary providers of cost segregation studies. Some accounting firms offer the service but frequently outsource the actual report preparation to an appraisal or engineering firm. With the introduction of new providers, the price gap has widened between very low cost analytical studies and much higher large firm rates.
Do All Properties Benefit From Cost Segregation?
Cost segregation is typically effective and financially feasible for properties that have an improvement basis of $500,000 or higher.
Cost segregation can be performed for properties anywhere in the United States. It is effective for apartments, office, retail, industrial, self-storage and many special use properties.
“Clients expect us to seek out and utilize tools which will minimize their federal taxes,” says CPA Sheldon J. Donner of Donner Weiser & Associates, P.C., an Atlanta-based CPA and consulting firm. “Cost segregation is an appropriate, conservative and cost effective tool to substantially reduce federal and state income taxes. Our clients have been extremely pleased with the results.”
When Should I Obtain A Cost Segregation Report?
“We routinely obtain a cost segregation study after purchasing an investment property,” said Jeff Harris, chief financial officer of Boxer Properties, a national property investment firm. It typically makes sense to obtain a cost segregation report the year a property is purchased or built. Property owners who purchased or constructed property after 1986,often can benefit substantially by recouping previously under-reported depreciation without filing amended tax returns.
DALTON
May
29
Tax Planning at Its Best
Filed Under Taxes | Comments Off
Ron Piner, CPA asked:
Knowing income tax law is not enough. In order to offer value to taxpayers, tax law knowledge must be combined with effective tax planning strategies in order to yield maximum benefit. What would you do if you owned a landscaping business with the upcoming facts and circumstances? I will tell what I would do.
While having a quiet night out at a local restaurant, listening to music from a local band, I am approached by a friend that has just started a landscaping business. He is married and has one young daughter, age twelve. He will have gross receipts of $48,000 and will receive a 1099 for his efforts. His first question to me is how he should go about making quarterly estimated tax payments to cover both income tax expense and social security tax (SE tax). My response to him was; “hold on there young fellow. Let’s have a discussion of the facts and circumstances before we begin”.
During our ongoing discussion, my friend tells me of his desire to provide for his daughters college education. The 529 was mentioned but I had a better idea. What if we put your daughter on the payroll of your business for $5,000 (near the standard deduction for all individual taxpayers)? This will further reduce your exposure to income tax and self-employment tax. His daughter will not have to pay income tax because her standard deduction will reduce her tax exposure to zero. In addition, there will be no exposure to social security tax on his daughter’s wages because she is a minor and works for her dad’s unincorporated business. Projected net income is now reduced to $8,000. If our hero forms a partnership with his wife, she is a passive owner as she will not participate in the day to day operations of the business and his exposure to SE tax will be cut in half (assuming a 50/50 partnership interest). Roughly, the total tax exposure for 2007 will be $1,400 which includes the SE tax. This is before any other tax deductions the couple might have. Regardless, there will be no need for estimated income tax payments in year one.
For the future, year two offers hope that a retirement plan be formed to shelter some income as the truck deduction was used in the current year. There will also be the opportunity to claim a home office deduction as my friend takes over the entire operation and moves it into his home. Believe it or not, this conversation lasted about twenty minutes. My dessert had arrived and it was time to deal with the matters at hand. I was even invited to sing a couple of numbers with the band. I always do say, never trust an accountant that can’t sing and dance.
Ron Piner, CPA
Host of “Better Business”
Saturday mornings at 10ET
ON WBIS AM 1190
www.wbis1190.com
www.mwibonline.com
taxguy9@hotmail.com
BOBBY
Knowing income tax law is not enough. In order to offer value to taxpayers, tax law knowledge must be combined with effective tax planning strategies in order to yield maximum benefit. What would you do if you owned a landscaping business with the upcoming facts and circumstances? I will tell what I would do.
While having a quiet night out at a local restaurant, listening to music from a local band, I am approached by a friend that has just started a landscaping business. He is married and has one young daughter, age twelve. He will have gross receipts of $48,000 and will receive a 1099 for his efforts. His first question to me is how he should go about making quarterly estimated tax payments to cover both income tax expense and social security tax (SE tax). My response to him was; “hold on there young fellow. Let’s have a discussion of the facts and circumstances before we begin”.
____________________________________________________________________
During our ongoing discussion, my friend tells me of his desire to provide for his daughters college education. The 529 was mentioned but I had a better idea. What if we put your daughter on the payroll of your business for $5,000 (near the standard deduction for all individual taxpayers)? This will further reduce your exposure to income tax and self-employment tax. His daughter will not have to pay income tax because her standard deduction will reduce her tax exposure to zero. In addition, there will be no exposure to social security tax on his daughter’s wages because she is a minor and works for her dad’s unincorporated business. Projected net income is now reduced to $8,000. If our hero forms a partnership with his wife, she is a passive owner as she will not participate in the day to day operations of the business and his exposure to SE tax will be cut in half (assuming a 50/50 partnership interest). Roughly, the total tax exposure for 2007 will be $1,400 which includes the SE tax. This is before any other tax deductions the couple might have. Regardless, there will be no need for estimated income tax payments in year one.
For the future, year two offers hope that a retirement plan be formed to shelter some income as the truck deduction was used in the current year. There will also be the opportunity to claim a home office deduction as my friend takes over the entire operation and moves it into his home. Believe it or not, this conversation lasted about twenty minutes. My dessert had arrived and it was time to deal with the matters at hand. I was even invited to sing a couple of numbers with the band. I always do say, never trust an accountant that can’t sing and dance.
Ron Piner, CPA
Host of “Better Business”
Saturday mornings at 10ET
ON WBIS AM 1190
www.wbis1190.com
www.mwibonline.com
taxguy9@hotmail.com
BOBBY
May
27
What is a Cpa Network and How Can it Make Me Money
Filed Under Online Promotion | Comments Off
Dave Simpson asked:
CPA, or cost per action, is one of the hottest ways to make money on the internet today - and surprisingly many internet marketers have never even heard of it. The action that you get paid for is for your site visitor to fill out a form with some personal details, usually an e-mail address or zip code, and submit it. That’s all! No pre-selling, no refunds, no long sales pitches or any of the hundreds of other traditional affiliate marketing woes to worry about. When done correctly, CPA is one of the simplest ways to monetize a website.
From a customers perspective its always less of a consideration to part with information than money, and so you find that sign up rates for a CPA network, as opposed to a more traditional affiliate network are significantly higher - meaning more money for you, the CPA affiliate
A good choice of CPA network can often be the difference between good sales and great ones. Most CPA networks have a team of affiliate managers who will vet prospective affiliates, but once accepted there are great riches to be reaped. Since each CPA network also offers different promotions its often worth signing up with more than one.
MARSHALL
CPA, or cost per action, is one of the hottest ways to make money on the internet today - and surprisingly many internet marketers have never even heard of it. The action that you get paid for is for your site visitor to fill out a form with some personal details, usually an e-mail address or zip code, and submit it. That’s all! No pre-selling, no refunds, no long sales pitches or any of the hundreds of other traditional affiliate marketing woes to worry about. When done correctly, CPA is one of the simplest ways to monetize a website.
____________________________________________________________________
From a customers perspective its always less of a consideration to part with information than money, and so you find that sign up rates for a CPA network, as opposed to a more traditional affiliate network are significantly higher - meaning more money for you, the CPA affiliate
A good choice of CPA network can often be the difference between good sales and great ones. Most CPA networks have a team of affiliate managers who will vet prospective affiliates, but once accepted there are great riches to be reaped. Since each CPA network also offers different promotions its often worth signing up with more than one.
MARSHALL
May
26
What are CPA Affiliate Programs?
Filed Under Enough Money | Comments Off
Ruth Brown asked:
The internet offers numerous affiliate programs that make it possible for one to generate a nominal source of income. Some of the types of affiliate programs found on the internet today are CPA, CPC, CPM and CTR. One of the affiliate programs, CPA is the acronym for cost per action. Pay per click affiliate program is another name for CPA.
This affiliate program is basically an online advertising payment model where payment is based on qualifying actions by the visitors like sales and registrations. These programs usually provide banners, buttons, text descriptions and other advertising means to generate action from the visitor, therefore making you money.
The word action in these programs generally defines some sort of conversion in the transaction. The most common conversions, as mentioned, are sales and registrations. However, deals that are based only on clicks are not included in this program as deals that take place through clicks are generally categorized under cost per click.
In fact, it can be considered that the cost per action model is opposite to the cost per impressions model while the cost per click model lies somewhere in between. In the CPA model, it is the publisher who takes most of the risk as the commission here is dependant on good conversion rate from both the website and the advertiser’s creative units. This is unlike the CPM and CPC models where the publisher is not under as much of a risk.
There are several options for those interested in cost per action affiliate programs. The publishers with excess of an inventory usually opt for non-standard offers. There are sites that specialize in incentive programs; and these sites are capable of offering CPA pricing on different leads while keeping caveats of incentivized traffic in mind. However, affiliate marketing is today considered to be the most used form of performance based pricing. In this program, the merchants and advertisers can determine the action they intend to reward and the amount they are willing to pay for it.
A typical CPA affiliate program can be seen as an offer site that appears before the surfer is reverted to the actual site he or she wants to visit. The site usually has some kind of offer or service wherein the visitor may be compelled to fill out a form or click on a link. The process is called the action that the visitor must take in order for the publisher to get paid. On completing an action, the website owner that’s affiliated with the CPA program pays the affiliate. This calculation is done based on the number of people who visit these affiliated programs.
You can generate a substantial income through CPA affiliate programs. If done properly, making money with CPA programs can be very rewarding.
LEO
The internet offers numerous affiliate programs that make it possible for one to generate a nominal source of income. Some of the types of affiliate programs found on the internet today are CPA, CPC, CPM and CTR. One of the affiliate programs, CPA is the acronym for cost per action. Pay per click affiliate program is another name for CPA.
This affiliate program is basically an online advertising payment model where payment is based on qualifying actions by the visitors like sales and registrations. These programs usually provide banners, buttons, text descriptions and other advertising means to generate action from the visitor, therefore making you money.
The word action in these programs generally defines some sort of conversion in the transaction. The most common conversions, as mentioned, are sales and registrations. However, deals that are based only on clicks are not included in this program as deals that take place through clicks are generally categorized under cost per click.
In fact, it can be considered that the cost per action model is opposite to the cost per impressions model while the cost per click model lies somewhere in between. In the CPA model, it is the publisher who takes most of the risk as the commission here is dependant on good conversion rate from both the website and the advertiser’s creative units. This is unlike the CPM and CPC models where the publisher is not under as much of a risk.
There are several options for those interested in cost per action affiliate programs. The publishers with excess of an inventory usually opt for non-standard offers. There are sites that specialize in incentive programs; and these sites are capable of offering CPA pricing on different leads while keeping caveats of incentivized traffic in mind. However, affiliate marketing is today considered to be the most used form of performance based pricing. In this program, the merchants and advertisers can determine the action they intend to reward and the amount they are willing to pay for it.
A typical CPA affiliate program can be seen as an offer site that appears before the surfer is reverted to the actual site he or she wants to visit. The site usually has some kind of offer or service wherein the visitor may be compelled to fill out a form or click on a link. The process is called the action that the visitor must take in order for the publisher to get paid. On completing an action, the website owner that’s affiliated with the CPA program pays the affiliate. This calculation is done based on the number of people who visit these affiliated programs.
You can generate a substantial income through CPA affiliate programs. If done properly, making money with CPA programs can be very rewarding.
LEO
May
23
Susie B asked:
Why did Accountants used to wear armbands? I know why they wore the visor but I cannot find out why they also wore armbands? Was it some sort of way to show their social position?
WILSON
Why did Accountants used to wear armbands? I know why they wore the visor but I cannot find out why they also wore armbands? Was it some sort of way to show their social position?
WILSON
May
22
Earn Affiliate Commissions With Cpa Offers
Filed Under Board Of Accountancy | Comments Off
Peter OBrien asked:
If you are trying to make money online, then you know the importance of having multiple streams of revenue. For example, if you have a blog or web site that is promoting an affiliate product, you could also have google adsense on that site for another stream of revenue.
Another idea for an additional stream of revenue is adding CPA offers to your blog or web site. You can create a free blog around your niche and add your CPA offers. You can set up a free blog with wordpress or blogger.
What is CPA?
CPA stands for Cost Per Action or Cost Per Acquisition. In CPA on-line marketing, the advertisers pay a fee for each customer acquired that is the result of the campaign effort.
This action can be a lead (Cost Per Lead or CPL), a sale of a product (Cost Per Sale or CPS), or some other pre-defined user action; sometimes only requiring they enter an email or ZIP code. Affiliates earn the majority of the CPA which is paid by the advertiser.
You can find offers in almost any niche. Here is a list of a few of the niches that you can use CPA offers:
• Money Making
• Weight Loss
• Fitness
• Health and Beauty
• Home Improvement
• Entertainment
• Insurance
• And many more
A good place to start with CPA offers is a site called Hydra Network. This site is totally dedicated to CPA advertising. They have a huge selection of offers in many different niches. Once you find a campaign you like just click on the link and you will be taken to a page that will explain the offer in detail and also has creative banners and/or pre-written emails with your affiliate link for you to use.
How much money you make depends on the campaign and if you are promoting cost per action or cost per acquisition. With cost per action you can make a few bucks every time someone fills in their name and email address.
The advertiser just wants the lead to build their list, so they will pay you a few bucks per lead. This is a nice way to generate some nice income online. No purchase has to be made, they just fill in the form and you get paid for generating the lead. A great way to earn from the freebie seekers on the internet.
If you want to earn more per action then you can promote cost per acquisition campaigns. With these campaigns you earn more money but a purchase must me made on the back end for you to get paid. It is not a difficult sell because the visitor to your blog is looking for information or product about your niche. Try to promote campaigns that will solve the problem of your visitor. If you can solve their problem, then you have a much better chance of making that sale and earning the commission.
TODD
If you are trying to make money online, then you know the importance of having multiple streams of revenue. For example, if you have a blog or web site that is promoting an affiliate product, you could also have google adsense on that site for another stream of revenue.
Another idea for an additional stream of revenue is adding CPA offers to your blog or web site. You can create a free blog around your niche and add your CPA offers. You can set up a free blog with wordpress or blogger.
What is CPA?
CPA stands for Cost Per Action or Cost Per Acquisition. In CPA on-line marketing, the advertisers pay a fee for each customer acquired that is the result of the campaign effort.
This action can be a lead (Cost Per Lead or CPL), a sale of a product (Cost Per Sale or CPS), or some other pre-defined user action; sometimes only requiring they enter an email or ZIP code. Affiliates earn the majority of the CPA which is paid by the advertiser.
You can find offers in almost any niche. Here is a list of a few of the niches that you can use CPA offers:
• Money Making
• Weight Loss
• Fitness
• Health and Beauty
• Home Improvement
• Entertainment
• Insurance
• And many more
A good place to start with CPA offers is a site called Hydra Network. This site is totally dedicated to CPA advertising. They have a huge selection of offers in many different niches. Once you find a campaign you like just click on the link and you will be taken to a page that will explain the offer in detail and also has creative banners and/or pre-written emails with your affiliate link for you to use.
How much money you make depends on the campaign and if you are promoting cost per action or cost per acquisition. With cost per action you can make a few bucks every time someone fills in their name and email address.
The advertiser just wants the lead to build their list, so they will pay you a few bucks per lead. This is a nice way to generate some nice income online. No purchase has to be made, they just fill in the form and you get paid for generating the lead. A great way to earn from the freebie seekers on the internet.
If you want to earn more per action then you can promote cost per acquisition campaigns. With these campaigns you earn more money but a purchase must me made on the back end for you to get paid. It is not a difficult sell because the visitor to your blog is looking for information or product about your niche. Try to promote campaigns that will solve the problem of your visitor. If you can solve their problem, then you have a much better chance of making that sale and earning the commission.
TODD
May
16
What are some of the different depreciation methods that are available to accountants?
Filed Under Other - Business & Finance | 2 Comments
D asked:
What are some of the different depreciation methods that are available to accountants and which are the most popular?
VANCE
What are some of the different depreciation methods that are available to accountants and which are the most popular?
VANCE
May
14
Claudio F asked:
I am reading the 1040 IRS booklet because I want to become an accountant; it’s really complicated and I was wondering if there are still accountants out there that don’t use tax software.
BUDDY
I am reading the 1040 IRS booklet because I want to become an accountant; it’s really complicated and I was wondering if there are still accountants out there that don’t use tax software.
BUDDY
May
8
How much do accountants make? whats the different types of accountants and how much schooling is needed?
Filed Under Other - Careers & Employment | 1 Comment
china_21 asked:
I’m interested in accounting but i need more info on the different types of accountants, needed schooling hours, and the salary range. I dont want to be going to school for a long time, and I have a family to care for. Which type would be the best for me. I’m interested in either, certified public accountant or a chartered accountant, is there any other types?
So would working for the government be a better choice? and how long would it take if i just went to community college?
REID
I’m interested in accounting but i need more info on the different types of accountants, needed schooling hours, and the salary range. I dont want to be going to school for a long time, and I have a family to care for. Which type would be the best for me. I’m interested in either, certified public accountant or a chartered accountant, is there any other types?
So would working for the government be a better choice? and how long would it take if i just went to community college?
REID
May
6
Accountants?
Filed Under Other - Business & Finance | 3 Comments
jame818 asked:
Are there any accountants here? If you are an accountant do you prefer to work in a smaller firm or a bigger firm?
DEVON
Are there any accountants here? If you are an accountant do you prefer to work in a smaller firm or a bigger firm?
DEVON