Since the introduction of virtual marketplace companies (VMC’s) like Uber, there has been some confusion about what is means to be an independent contractor vs. an employee. The important distinctions between these two worker classifications can seriously affect a worker’s wages and what taxes are paid by the worker or by the business. Get to […]
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PTIN Fees: Will They or Won’t They?
It’s officially PTIN time. As of October 16th, the IRS has opened up Preparer Tax Identification Number applications and renewals for the season. This year, there is no fee for obtaining your PTIN, however don’t mistake that for not needing one. If you receive compensation for preparing or helping to prepare tax returns, you are […]
Networking tips for students who want to become a CPA
Building an established network is a sure way to jumpstart your professional career. Networking can help students and professionals get to know what job opportunities are currently available, possible future career paths, and the requirements for different positions within a company. Besides the aspirational career aspects, networking is also an opportunity to have intellectual discussions, […]
The Most Important Skill to Look For in a Tax Preparer
We’re four months out from the 2020 tax season. Are you recruiting tax preparers for the upcoming season? Hiring new tax preparers can be challenging. For one, there always seems to be a shortage and for two, how do you know the person you’re hiring has integrity or can prepare taxes properly according to the […]
Machine learning meets CPA review with Surgent’s MyMCQ™ feature
Surgent is committed to helping students get exam ready in as little time as possible, and we’re constantly optimizing our course to reflect that goal. Recently, we released a difficulty progression feature called MyMCQ™ that uses machine learning to show you the multiple-choice questions you need to see to help you gain the more advanced […]
Video: Tips for solving multiple-choice questions on CPA Exam
CPA Exam questions are broken down into two different categories: multiple-choice questions, and simulations (which themselves can be categorized into task-based simulations and written communication questions). For every section of the CPA Exam, multiple-choice questions (or MCQs, for short) account for 50% of the candidate’s score: Financial Accounting and Reporting (FAR): 50% MCQs, 50% Task-based […]
Digital Transformation Introduces New Advantages for CMAs
Institute of Management Accountants (IMA) recently released two reports showing the advantages of professional certifications for both employers and employees in an age of digital transformation. Both reports, “Achieving Competitive Advantage in the Digital Age – The Value of Training and Certification” and “Increasing Your Value in the Digital Age – The Impact of Professional […]
Will artificial intelligence take over accounting?
Artificial Intelligence (AI) is often used in science fiction to describe robots that take over the world, but lately the term has worked its way into workplaces around the world. As technological innovations become more sophisticated, AI is able to take on specific tasks in industries like customer service and manufacturing that previously could only […]
Is Your Business Prepared for a Natural Disaster?
A major disaster could not only affect your family, home, and possessions, it could have a big impact on your business, causing damage, loss in income or worse – you could be forced to close down. In fact, approximately 25% of businesses do not reopen after a natural disaster – for several reasons. This is […]