Do you need to be a CPA to do taxes? No, someone does not need to be a CPA to prepare tax returns. Anyone can prepare their own tax return. To be allowed to prepare returns for others, the IRS requires that the person be registered annually, receive a PTIN (Preparer Tax Identification Number), and […]
Yesterday a package arrived at our office from the Utah Jazz organization. Inside the package was an official NBA jersey celebrating our achievement of making the Inc. 5000 list last September. Of the 5000 fastest growing companies in the US, Inc Magazine ranked Valentine CPA number 2,327. The Inc 5000 is an annual list of […]
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? 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 […]
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 […]
More Stimulus Money Beginning on July 15, 2021, some taxpayers may find that they are receiving the Advance Child Tax Credit that is designed to help many people deal with the economic hardships that have come from the global pandemic. Sometimes this is referred to as the next “Stimulus”. The revisions to the Child Tax […]
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This post is from an interview with ABC News. 2020 has been an interesting year for businesses, while some have grown others have been greatly affected by the pandemic. Today on ABC4 Utah we have a local expert – Ron Valentine joining us from Valentine CPA.Ron tells us that according to statistics he is showing […]
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Reason 1: They earn their own way. No one gives them a free pass. They wake up every morning “unemployed” and go to work. Reason 2: They are very service-oriented. They are helpful and will go the extra mile to help you get the most out of your purchase or sale. Reason 3: They are […]