Many are under the impression that the terms CPA and accountant are interchangeable, but actually these are two very different occupations. Although a CPA handles many tasks taken on by an accountant, the CPA has passed the Uniform CPA Examination, a very difficult exam certified by the state. This shows the CPA is committed to providing superior service and has the credentials to prove it. In addition, the CPA must meet other requirements as set forth by the state. This isn’t an easy process and many choose not to undertake it. Consider this when selecting someone to handle your financial records.
Passing the Uniform CPA Examination doesn’t qualify one to call themselves a CPA. Additional steps must be taken to show the state the individual is committed to providing superior service. First, one must complete a minimum of 2,000 hours of accounting work, either paid or volunteer, using the skills learned in school, and this work must be supervised by someone who has already met the requirements and is practicing as a licensed CPA. Only then can a person apply for their CPA license in the state.
In order to maintain this license, the Certified Public Accountant in Hartford County, CT is required to complete a minimum of 80 hours of continuing education, enrolling in approved subjects such as ethics or auditing. Certain other subjects may be used for this requirement, including economics, business law, and more as long as they are related to the person’s professional competence. The CPE hours must be documented and the professional must keep the records for a minimum of five years. Lots of individuals choose to use only those with the CPA designation as the requirements are strict and they know they are getting a professional with the skills and experience needed to handle their finances properly.
Many choose to turn to Padgett Business Services, a certified public accountant in Hartford County, CT, for all of their financial needs. The company is known for offering proactive tax services, business valuations, and more. If you need someone to help you better understand the Affordable Care Act or to help you plan for retirement, don’t hesitate to call on this company as Cook Martin Poulson is the certified public accountant firm in Hartford County, CT.
