Welcome to the Valentine CPA Blog

Is a CPA better than an accountant?

Is a CPA better than an accountant? Is a CPA better than an accountant? In a word, yes. A CPA is an accountant who meets certain licensing qualifications, whereas an accountant is unlicensed. A CPA has a broad knowledge-base in financial accounting, business law, auditing standards, and ethics achieved through an advanced college degree (usually a […]

What does CPA stand for?

What does CPA stand for? CPA stands for Certified Public Accountant.  To be “certified” the accountant must be State licensed.  Although each state has their own specific requirements to obtain a professional license, all states require that the accountant pass a uniform written exam. In addition to passing the exam, most states require post graduate […]

New Tax Law for 2021

The American Rescue Plan Act of 2021 was signed on March 11, 2021 and will impact taxpayers in the 2021 tax year. There are rebates and benefits that may affect every taxpayer, especially in households where qualifying dependents reside. Recovery Rebate and Stimulus Payments Taxpayers who are eligible for the Rebate Recovery Credit may qualify […]