Frequently Asked Questions

 
 

Q: What is a Certified Public Accountant (CPA)?

A: A CPA may specialize in tax, but not necessarily. There's a wide range of CPA services including accounting, auditing, financial planning, technology consulting and business valuation.  Each year when I renew my CPA license, I have to attest that I haven’t done anything that would disgrace the CPA designation. 

All CPAs are accountants, but not all accountants are CPAs

A certified public accountant (CPA) is certified by the state to act as a public accountant.

To qualify as a CPA, candidates must:

    • 1. Have a Bachelor Degree in Accounting

    • 2. Have enough college hours to have a Masters Degree, which the majority of CPA’s do have.

    • 3. Apprentice under a currently licensed CPA for 1 year. 

    • 4. Pass an exam. (The most difficult 4 part exam I’ve ever taken – worse than the SAT.  I studied for months and was thrilled when I passed.)  

    • 5. Complete 40 Continuing Education Credit hours each year, including Ethics.  

Q:  I'm in a different state.  How can you help me?

A:  My clients, both businesses and individuals, are spread across the US.  In fact, more than 80% I've never met face to face.  With secure e-communications, the days of walking in to an office with paper in hand are long over. 

Q:  What happens if I'm audited?

A:  Your first call is to me.  Do NOT reply to an inquiry from the IRS or your state taxing authorities without contacting a CPA first.  I'll review the request you received, advise you of next steps, and develop a game plan if you need assistance.  You will only be charged if we agree I am to represent you.  

Q:  What are your fees?

A:  These vary.  Due to the wide variety of services I offer and the range of complexity in every situation, it is very difficult to provide a comprehensive list.  I NEVER send a bill that is a surprise to a client.  Service fees are listed upfront on every contract and are rarely billed per hour.  I prefer to get a thorough understanding of your needs, provide you a detail of the service I am to provide, and quote a lump sum fee.