Bookkeeping, or the process of accurately recording all your financial transactions, is a key part of building a successful tax business. However, it also comes with the potential for costly errors. According to Solution Scout, bookkeeping mistakes led to $1.3B worth of IRS penalties in 2021 alone. Unfortunately, bookkeeping errors are easy to make. A […]
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Considering a Career Change? – 5 Alternative Career Paths for CPAs
As a current or aspiring firm CPA, have you considered potential jobs after public accounting? You are in the perfect position to pivot to a new role. This article will highlight 5 alternative career paths for CPAs to consider when they explore new opportunities. See how the skills you’ve gained will help you transition into […]
Beginner’s guide to bookkeeping
A bookkeeper fills a critical role for any business, and that is the recording and organization of financial transactions. These include customer payments for goods and services, business payments to vendors and contractors, and loan and rent expenses. Without proper bookkeeping, a business simply can’t function. Individuals who start their own small business often keep […]
How long should you study for the CISA exam?
Whether you’re looking to work in information technology, or are already an IT auditor or assurance and information security professional, passing the Certified Information Systems Auditor Exam and becoming a CISA will launch your career in the IS space. As the world becomes more technologically advanced across all sectors, CISA professionals are in higher demand to ensure information systems are working properly and aren’t compromised.
Expert tips for women entrepreneurs in accounting
Women entrepreneurs are a growing force in the U.S. economy. In 2021, nearly half (49%) of all new businesses were started by women, a 75% increase from 2019. While industries like tax and finance have traditionally been male dominated, the demographics of these roles are shifting. As of 2022, 56.8% of all certified public accountants […]
Facts vs. Myths about the CPA Exam
The CPA exam has evolved. At Surgent, we aim is to cover topics that are becoming increasingly important in the accounting and finance world and better prepare new CPAs for this evolving career landscape. There are a few myths and updated facts circulating online about the newest CPA exam, so let’s set the record straight! […]
Becker vs. Surgent: A CPA review course comparison
Choosing a CPA Review course? To help you decide which course is best for you, veteran CPA Review instructor and our course designer Liz Kolar, CPA compiled a list of Surgent CPA Review's features as compared to Becker CPA Review.
How Academics and Educators Can Bridge the CPA exam Knowledge Gap
The newest CPA exam model launched in January 2024, transforming the licensure exam from four core components (AUD, FAR, BEC and REG) to three core components (AUD, REG and FAR; with technology and digital acumen incorporated into each) and a candidate-chosen discipline for the fourth section. The candidates’ options are Business Analysis and Reporting (BAR), […]
What is tax-loss harvesting?
Investing always comes with some degree of risk, and the simple truth is that some investments don’t work out. While no one wants to take a loss, there is a benefit to a losing investment — at least when it comes to that individual’s tax burden. As a tax professional, you likely have several clients […]