Category Archives: Certified Public Accounting License
How The Child Tax Credit Is Causing Confusion For CPAs, Taxpayers
Most Americans have happily accepted the stimulus checks from the government. Many have received thousands of dollars as they navigate life while dealing with the COVID-19 pandemic. The nice thing about these stimulus checks is that they do not need to be paid back. The advance child tax credit, however, is a different story…. Read More »
Common Ethical Dilemmas As A CPA
Many licensed professionals are caught in uncomfortable situations, and CPAs are no exception. CPAs are often called upon to assist in tax preparation and other money matters. Some of these events, however, can lead to complexities and ethical dilemmas. Should a CPA work with a specific person or company? Is it worth the risk?… Read More »
CPA Faces Prison Sentence for Fraud
Accountants work with money and, as such, they face ethical issues on a regular basis. Many clients may want them to fudge numbers and do other unethical things so they can pay less in taxes. This is considered fraud and it is illegal. A CPA convicted of fraud can face a variety of penalties,… Read More »
Accounting Ethics More Important Than Ever During COVID-19
COVID-19 has wreaked havoc on the United States. Hundreds of thousands of people are getting sick and dying from the deadly virus. States have forced residents to quarantine, shutting down businesses and laying off millions of Americans. In April, there was some relief for struggling businesses. Small businesses who struggled to pay employees and… Read More »
CPA’s License Suspended for Unlawful Use
When a person or company hires a certified public accountant (CPA), they want someone they can trust. After all, an accountant deals with finances, and money is a touchy and private subject for most people. The public doesn’t want someone who will be dishonest with their money or not take their privacy seriously. CPAs,… Read More »
CPAs Facing Ethical Challenges Due to PPP
The coronavirus pandemic has brought about economic issues for the whole country. Individuals and businesses alike have been struggling to pay bills. Adults received stimulus checks to help with necessities. To pay for business expenses, small businesses and non-profit organizations were given the opportunity to apply for a loan through the Paycheck Protection Program… Read More »
No CPA Ethics Exam Required in Florida
To become a certified public accountant (CPA), a test is required. Every state’s testing process and requirements are different. Some require U.S. citizenship and state residency, while others do not. Some require more education than others. The exam typically consists of multiple sections. Most states even require applicants to pass an ethics exam. Florida,… Read More »
Why Do CPAs Engage in Unethical Acts?
Certified Public Accountants (CPAs) engage in important work. They are often employed as financial advisors for individuals, businesses and other organizations. They help people and companies reach their financial goals and figure out their tax obligations. Every day, they work with numbers and figures. This means that their work must be of the highest… Read More »
Can a CPA Work for a Marijuana Business?
The nation has decriminalized drugs in recent years, especially marijuana. Marijuana is now legal in many states. Florida is among 30 states that have legalized marijuana for both medical and recreational use. However, marijuana is still illegal at the federal level. This can make it tricky for marijuana dispensaries and related businesses to find… Read More »
Hold Onto Your CPA License: Ethical Issues to Avoid
If you’re interested in becoming a licensed accountant, expect a lot of hard work. In Florida, the requirements for a certified public accountant (CPA) license involve a combination of education, experience and exams. Because you need a college degree, expect the process to take five years or longer. Once you receive your CPA license,… Read More »
