CPA

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Glossary: Audit (Of Financials)

By | October 8th, 2015|Categories: Glossary, Small Business Tax and Accounting|Tags: , , , |

In financial accounting, an audit refers to a CPA firm reviewing a company’s financials and internal controls, and reviewing documentation to verify the amounts shown on the financials.

It’s Pointless for EAs to Attack CPAs

By | April 7th, 2015|Categories: Editorial Commentary|Tags: , , |

CPAs and EAs are sometimes at each other's throats about which designation is better. Such debates accomplish little.

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Lo, The Plight of the Unknown EA

By | July 25th, 2014|Categories: Potpourri of Tax Topics|Tags: , |

The local business directory for my town was just published. I'm an Enrolled Agent. Commonly abbreviated as "EA." But apparently the publishers of the directory were confused: Apparently I'm actually an extended-play record. I haven't called the local group that published the directory yet. It was a free listing, and it made me laugh, [...]

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Why is the AICPA Filing a Lawsuit Against Lame IRS Preparer Program?

By | July 21st, 2014|Categories: Editorial Commentary|Tags: , , , |

We all get gold stars in the IRS's new "Annual Filing Season Program." Woo hoo. Time to wade into the IRS preparer regulation fray again. The IRS is plowing forward with a voluntary program for tax preparers that falls well short of "regulation." And for some reason, the AICPA has filed a lawsuit against the [...]

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Further Thoughts on Preparer Regulation

By | January 22nd, 2013|Categories: Editorial Commentary|Tags: , , |

It's been a long, long time since I've written a long, rambling, stream-of-conscience blog post full of side notes and parenthetical references. But when I sat down to write this post, a whole lot of thoughts came out. So here, in 600+ words, is my opinion on the apparent death of the RTRP designation, and what [...]