What is a CPA, What Do They Do, and Who Needs One? Here's Everything You Need to Know.

What is a CPA, What Do They Do, and Who Needs One? Here's Everything You Need to Know.

LYFE Accounting

3 года назад

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Sarah Jackson
Sarah Jackson - 10.10.2023 21:40

Thank you!

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George Schlaline
George Schlaline - 24.09.2023 08:55

CPA
Christ
Protects
All

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Thach Hoang Le Ngoc
Thach Hoang Le Ngoc - 09.09.2023 07:20

EAs do need to have continuing education every year to maintain their licenses. Stop giving false info. That’s not nice.

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Stella Maris
Stella Maris - 15.06.2023 02:06

Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world.

It is generally equivalent to the title of chartered accountant in other English-speaking countries.

In the United States, the CPA is a license to provide accounting services to the public.

It is awarded by each of the 50 states for practice in that state.

Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state.

State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience.

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Chris Harrison
Chris Harrison - 04.03.2023 02:38

CHILD PROTECTION AGENCY MY QUESTION IS WHY WAS I NOT PROTECTED AND INSTEAD CHUNKED A MONKEY RENCH IN THE DIGITAL BLIND SCALE AND MARKED A STATUE OF LIMITATIONS ?

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love2 give
love2 give - 29.01.2023 06:16

Thank you thank you I watched your video I subscribe your channel
⭐⭐⭐⭐⭐

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Scott -
Scott - - 20.01.2023 03:31

Sherman, that intro was more info than most full videos. Thanks for sharing your expertise!🙏

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Jennasis Rayn
Jennasis Rayn - 01.01.2023 01:10

Great video thank you so much !!

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Tyler S. Clark - Dream Firms
Tyler S. Clark - Dream Firms - 15.11.2022 19:32

Very informative video. Just subscribed =)

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Jae Wright
Jae Wright - 08.11.2022 06:38

Can I go to a CPA to file my personal tax?

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Josephine Bardot
Josephine Bardot - 06.10.2022 14:57

Great to see your video You also add beautiful graphics. Which programs do you use to add these graphics and infographics?

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diesur7126
diesur7126 - 23.09.2022 05:30

Great informative video! I understood that I need a CPA.

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Lashuane DunnawaySingleton
Lashuane DunnawaySingleton - 21.09.2022 09:44

I am going to go for it after I complete my accounting degree.

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Ale
Ale - 07.09.2022 21:07

its important for public , big tax or auditing but ill stick to payroll less pay but less stress

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Steve Mangiameli
Steve Mangiameli - 05.09.2022 18:07

CPAs can’t represent in tax court, unless they have also passed the non attorney examination to be admitted to the US tax court, and being a CPA is not a requirement to be admitted

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Dalton
Dalton - 18.08.2022 20:20

Hello,
I am wanting to become a CPA in the future. I used to be a electrician, but transitioned into a finance company. I will have my BS in Accounting by 2025. My company has auditing analyst or assistant financial manager positions I could transfer to get experience 3-5 years down the road. I am doing full time work and full time school with good grades. I am mid 20s and I don’t know anyone who went this direction. Am I going in the right direction?

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Mya's Wheelstaurant LLC
Mya's Wheelstaurant LLC - 31.07.2022 15:10

The most comprehensive definition I heard of it. I subbed 😉.

I'm hiding a CPA, he was an IRS employee before. My question is: should I still keep my quickbook and my quickbook bookkeeper?

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Umar Sayyad
Umar Sayyad - 30.07.2022 22:48

If you’re a sole proprietor. I don’t see the reason for hiring a CPA unless for very different circumstances.

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Lindsay Hengehold
Lindsay Hengehold - 10.07.2022 19:55

CPA’s work very hard and I’ve had the pleasure of working with quite a few of kind ones over the years. Their knowledge of tax laws is one of the coolest things about them 😁

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All-Star Films
All-Star Films - 19.05.2022 08:49

Thanks, from the back

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Raja Ameet Kumar
Raja Ameet Kumar - 06.04.2022 13:40

Hi LYFE
I am ACCA Member and have an equivalent Masters in Commerce degree, but do not have bachlors degree. Am I eligible for CPA US Exam?

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Deb wright
Deb wright - 08.03.2022 20:36

☺️☺️Thank you! Great informational video.👍🏽👍🏽

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Kiersten Sherman
Kiersten Sherman - 06.03.2022 17:51

Thanks 😊 I am represent the people in the back! We graduating to the front! I am starting a business and learning all the steps and the process that it takes to run a business.

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jessica Mejia
jessica Mejia - 09.02.2022 05:55

I love how you explain everything in such detail :) and everything makes sense thank you

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Isabella Teny
Isabella Teny - 01.02.2022 01:29

Thank God I finally passed my CPA exam on my 5th attempt with the help of Mr DAVID, I used his preparation tips. just 3 days of working with him and I passed. I was referred to him by a friend before my exams. Please friends I recommend you to mr DAVID. The man has the key to getting your exam.I

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Alex
Alex - 26.01.2022 08:26

I love the stock footage of people pointing at a blank 1040 and conversing as if it contains any information 😂

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美香
美香 - 21.01.2022 04:13

ty

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Amandia Black
Amandia Black - 08.01.2022 09:49

Im about to have my bachelors in business and it wont take me but 6 months to get the associates in accounting to add on more credits 💜 I have 3 years accounting experience but never worked under a CPA which us frustrating for me bc it creates a set back . I am from Texas and their rules are strict here on licensing . im excited to be licensed before im 40 though and im 33 now 💜

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LovingSoul61
LovingSoul61 - 29.12.2021 04:48

So helpful!!

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FreshPrinceUSA
FreshPrinceUSA - 14.12.2021 09:56

Great video, thank you

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African Queen Deborah Yemi Bali Akinmusere
African Queen Deborah Yemi Bali Akinmusere - 11.12.2021 03:30

Thank you so much! Your info is very educational for me🙏🏾
God bless you🙏🏾
What state do you live, or how can I reach you?

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Cecil The Litt Guy
Cecil The Litt Guy - 09.12.2021 22:33

Thanks for the information 🙏🏾I have good understanding now about what is a CPA and studying accounting in college am on my associates degree

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Lauren Williams
Lauren Williams - 07.12.2021 18:36

Great video!

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E Randco
E Randco - 10.10.2021 21:09

For the amount of time, educational debt and what you can hope to earn I’d think twice unless I clearly know why I need. Basically it’s a bachelors and a masters then you sit for a huge test. For around the same amount of time you can be a doctor. It’s also a type of work that’s easily off shored. Make sure it’s for you.

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Carlos P
Carlos P - 30.09.2021 13:20

Does cpa help with child support if I’m a sole proprietor?

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MrBananaClipps
MrBananaClipps - 30.09.2021 10:14

How much to fix a tax return that won’t go through

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John Heng
John Heng - 16.08.2021 19:54

This video was super helpful, thanks!

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Cyrus
Cyrus - 13.08.2021 05:33

Informative! However, neither a CPA, bookie, or Enrolled Agent can represent anyone in the U.S. Tax Court. Representing clients before the U.S. Tax Court is the domain of licensed attorneys. Only CPAs, EAs (Enrolled Agents), and licensed attorneys can represent taxpayers before the Service up to administrative appeal. However, ANYONE (not just a CPA) can sit for the U.S. Tax Court exam and become a U.S. Tax Court Practitioner upon passing (very, very few individuals do succeed).

Also, CPAs are not the only accounting professionals required to keep up on CPEs; Enrolled Agents must complete 72 hours of CPEs every three years. Certain states also require Unenrolled Tax Preparers to meet certain annual CPEs before preparing any tax return, which includes federal income tax returns (think California and Oregon). AND any tax preparer must keep up with the ever-changing tax laws or risk being declared incompetent by the Service.

The Service requires a tax preparer to obtain a PTIN and permission to e-file income tax returns. ALL income tax return preparers are subject to rules outlined in Circular 230. Finally, although the CPA is a significant accounting credential, the only advantage to having one is to certify financial statements, and that is pretty much it.

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dede Cisse
dede Cisse - 07.08.2021 01:17

Hello if u have a smal business and do have a cpa and want to use your income to buy a house this it possible

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Marquette Leggett
Marquette Leggett - 04.08.2021 20:27

Great video, but some of this I don't agree with. You have Enrolled Agents that can represent you in audit cases in front of the IRS, without a degree. Tax Preparers now have continuing education that is offered for them to do more, and accountants for small businesses, can offer assurance on projections when given the authority by the owner. I just don't see the point of becoming a CPA, in this new world, when there are so many changes that are happening. Maybe the reason that the numbers have increased is not because CPA's are in demand but because people are realizing that we can get the same thing done, with less headaches. That CPA TEST IS HARRRRD!!! But is not needed if the I am going into tax accounting. The EA status gives me everything I need to be recognized as a professional in the field. Also there are only 53,000 EA's OPERATING IN THE UNITED STATES!

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Colleen C
Colleen C - 05.07.2021 22:13

THANK YOU! The information you provide in this video is EXACTLY what every state society of CPAs should be focusing on as their messaging to the public! You lay out why our profession is at the top of our field and what separates us from other accountants and tax preparers. This should be common knowledge but CPA societies focus their resources on continuing education and discounts for members. Small potatoes. There are other organizations providing CPE. We need the public to know why we are valuable business partners.

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Krystal Balyan
Krystal Balyan - 11.06.2021 07:05

I thought only a Bachelor's Degree is necessary to be a CPA...

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ahmad syazani
ahmad syazani - 27.05.2021 17:20

polipd boskur

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Trump Is Going To Prison
Trump Is Going To Prison - 01.05.2021 18:30

I'm considering Turo as an alternative stream of revenue. How can you help?

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Christopher Harrison
Christopher Harrison - 26.04.2021 03:33

🍸she can't leave drink alone !!

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colorelax
colorelax - 15.04.2021 07:15

Hello I'm doing CA in India.. And I. I'm also considering to do CPA.. This video helped me a lot to know more about CPA.. Thank you very much..

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Rachel Smile
Rachel Smile - 03.04.2021 05:41

Thanks for sharing! I passed my last section of the CPA Exams in January and it feels so great to be done! I also have CPA videos on my channel!

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Ashish Mishra
Ashish Mishra - 01.04.2021 07:53

Can you tell about CMA.

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