Former Big 4 staff and insider gives you step by step instructions for landing a job with a Big 4 Accounting CPA Firm. Interview questions you will be asked and the best answers to give. Competition for Big 4 accounting positions is extremely fierce. Get the edge and learn how to get your foot in the door. Advance your accounting career.
>>> Secrets to Getting Hired At A Big 4 CPA Firm <<<
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The key to a successful business is all down to having an efficient accounting and bookkeeping system. Accounting software can simplify your record keeping task.
The global job market may seem to become gloomier but availability of accounting jobs makes the profession still highly relevant and lucrative. As companies and countries feel the pinch of biting economic conditions, the more they will require accountants to help better manage their resources and cash flow.
Passing the CPA or Certified Public Accounting Exams can be tough, but extremely rewarding. That CPA license will give your resume a great improvement and you will gain a tremendous amount of self-satisfaction on conquering a long and challenging process.
Helpful links to Accounting information on the Internet. Use our lists to find Accounting Organizations and resources. The Certified Public Accountant website maintains a large and up to date listings of accounting related resource links.
Posted on July 7, 2011 -
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Taxpayers often question how long records must be kept and the amount of time IRS has to audit a return after it is filed.
It all depends on the circumstances! In many cases, the federal statute of limitations can be used to help you determine how long to keep records. With certain exceptions, the statute for assessing additional tax is 3 years from the return due date or the date the return was filed, whichever is later. However, the statute of limitations for many states is one year longer than the Federal. The reason for this is that the IRS provides state taxing authorities with Federal audit results. The extra time on the state statute gives states adequate time to assess tax based on any federal tax adjustments.
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Posted on July 7, 2011 -
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AGI is the acronym for Adjusted Gross Income. It is generally the sum of a taxpayer’s income less adjustments (before deductions and exemptions). Many tax benefits and allowances, such as credits, deductions, exemptions, etc., are limited by a taxpayer’s AGI.
Continue reading “How to Understand AGI Limitations and Phase Outs” »
Posted on July 7, 2011 -
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If you are unable to pay your tax liability, there are some things you need to know. Most importantly, don’t let your inability to pay your tax liability in full keep you from filing your tax return properly and on time. Why? Because there is a “failure to file” penalty that accrues at the rate of 5% per month or part of a month (to a maximum of 25%) on the amount of tax your return shows that you owe. The tax ramifications, penalties and possible solutions are included in the article.
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Posted on September 28, 2010 -
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Certified Public Accountant (CPA) designation signifies that your accountant has undergone specialized training and passed rigorous education and examination requirements. Even so, not all CPAs are equal. When choosing a CPA, be sure to look beyond the acronyms and find out about his or her education, experience, expertise, and whether or not they meet your needs. To help you make this judgment call, begin by asking these five questions:
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Posted on September 28, 2010 -
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If you are currently planning and studying for the CPA Exam, you should be well aware of the imminent CPA Exam changes effective January 1, 2011. I can understand the concern surrounding the changes, and therefore, I would like to share with you these 3 important points you should be aware of in this aspect.
Continue reading “2011 CPA Exam Changes” »
The first known accounting records date back more than 7,000 years from ancient ruins found in Babylon and the Middle East area. Early people relied on primitive accounting methods to record the growth of crops and herds. Double-entry bookkeeping first emerged in northern Italy in the 14th century.
The American Institute of Certified Public Accountants (AICPA) was created in 1887 by a small group of accounting professionals. It provides information and guidance to Accountants and State Licensing Boards. The AICPA serves Certified Public Accountants (CPAs) but also addresses issues that affect the accounting profession. Today the AICPA has over 300,000 members.
The Certified Public Accountants web site provides free information information on Income taxes, Tax deductions, IRS Debt Relief, tax shelters and tax software. Information on the CPA Exam and Accounting Careers. CPA services include Assurance and Attestation Services, Corporate Finance, Merger & Acquisition, Estate Planning, Financial Accounting, Financial Analysis, Financial Planning, Forensic Accounting (preventing, detecting, and investigating financial frauds), Income Tax, Information Technology, especially as applied to accounting and auditing, Management Consulting and Performance Management, Tax Preparation and Tax Planning and Venture Capital Projects.