Textbook Tax

When I grow up, I want to be an accountant! In that case, you should know the requirements and the journey ahead. As an accountant, you will most likely get your CPA license. The process in becoming a CPA is extensive and challenging. However, the CPA license will prove valuable as you advance in your career. Taking and passing all four sections of the CPA exam is the most challenging part of the CPA process. In my own personal experience, the actual test-taking process took approximately six months. However, many people do not realize the process begins before studying/test-taking and continues after passing the four CPA sections. It is important to know the entire CPA process and its related challenges. Lets begin! Related Posts -  Preparing for the CPA Exam: How to Study for the CPA exam using Becker? -  10-Day CPA Exam Review Study Strategy - 20 Tips & Tricks for Studying for the CPA Exam CPA Process Challenges Below, I detail what requirements...

For those on the way to becoming a certified public accountant, you now know it is a long and difficult journey. For those just beginning, good luck! The most difficult and time-consuming task is passing the CPA Exam. CPA candidates must spend hundreds of hours preparing for all four sections of the CPA. Each CPA section represents an entirely different topic, creating a daunting task for anyone looking to start studying for the CPA exam. I passed all four sections of the CPA with an average score of 91. Luckily, I did not have to retake any of the exams, which is a common occurrence as the average passing rate is around 40-50% per exam. Having personal experience dealing with the CPA exam process, I want to share valuable tips for conquering the CPA exam. I want you to feel confident and comfortable during the CPA exam process, and so, I believe the following tips will help you during the CPA exam process. Lets begin! Related Posts -  Preparing for the CPA Exam: How to St...

Preparing for and passing all four parts of the CPA is a long and strenuous process. It takes serious commitment and discipline to pass the exams and earn your CPA license. Remember to stay focused and committed to your study plan and goals. You will pass your next CPA exam! I want to share my 10-day CPA exam review strategy. In my study plan, I categorize the CPA preparation into the learning stage and the review stage. The learning stage involves listening to the lectures, taking notes on the lectures, and answering the multiple choice questions. Follow the link to see my do's and don'ts on how to best study for the CPA using Becker . Once you have covered all the material and formed a strong learning foundation, it is time to move onto the review stage! I will cover in detail my review stage study strategy for the CPA exams. Becker, which I used as my CPA exam review course, recommends two weeks to review the material before taking the exam. I believe that is to...

The CPA exam is a long and extensive journey. I passed all four parts of the CPA exam on my first tries, averaging a score of 91. In order to do so, I learned, studied, and reviewed the CPA materials for many hours. Through the process, I improved upon my study methods and preparation strategies. I felt that I learned to study more effectively and efficiently throughout the process. Now, having passed all the CPA exams, I want to share my insights on how to best study for the CPA exam. It will remain a lengthy study process, but I hope my guidance will help establish a successful and efficient study system to prepare you for each CPA exam! My firm provided me access to the Becker CPA review course. Like most people, I elected to enroll in the online course only, which means I listened to prerecorded lectures for each section posted on Becker’s review course website. I chose this method because I wanted the ability to study at my own pace. Additionally, I felt confident in my ab...

Textbook Tax presents its weekly (past two weeks due to missing last week) tax news update. A quick read discussing various tax news, tax stories, and tax events trending in the United States during the week. The following tax topics cover the week of  August 26, 2019 through September 8, 2019 . The tax topics presented represent my favorites in tax news for the week. Please comment any tax news stories you found interesting for the recent week. Additionally, please email me or connect with me on social media for weekly tax news updates sent straight to you! Related Posts -- Prior Weeks' Tax News August 12 - August 18 August 5 - August 11 July 29 - August 4 July 22 - July 28 Tax News for August & September 2019 This week in tax news focuses on the the tax relationship between the U.S. and France, the Tesla tax breaks in China, Trump's tax returns, and the guilty plea of an IRS hacker. Period: August 26 - September 8 Tax Topic: U.S. and France reach a ...

“Money doesn’t provide happiness.” Sure, but money does provide the things that provide happiness. While I am not here to debate the ideology of wealth, I do want to discuss money and finances in a manner that focuses in on the various techniques and methods people utilize to build wealth and stability. My background is in accounting. My passion for money management and financial technique drew me to the field. Now, I want to share my insights about financial control and financial decision making. To begin, I want to focus on a broad, popular personal financial category. The question: How do I cut costs? How do I lower my expenses? How to spend less money? Each question is of course asking the same thing. We want more money and less expenses. Well, the good thing is if you are reading this post, you have taken the first step in lowering your expenses. Lets begin! The Five Easy Steps to Spend Less and Lower Costs: Recognize your spending habits Analyze your spending ...

Textbook Tax presents its weekly tax news update. A quick read discussing various tax news, tax stories, and tax events trending in the United States during the week. The following tax topics cover the week of  August 12, 2019 through August 18, 2019 . The tax topics presented represent my favorites in tax news for the week. Please comment any tax news stories you found interesting for the recent week. Additionally, please email me or connect with me on social media for weekly tax news updates sent straight to you! Related Posts -- Prior Weeks' Tax News August 5 - August 11 July 29 - August 4 July 22 - July 28 Tax News for August 2019 This week in tax news focuses on the fate of the solar energy subsidy, the French digital services tax,  Amazon.com Inc et al v Commissioner of Internal Revenue, and  Chrisleys tax evasion. Period: August 12 - August 18 Tax Topic: The fate of the solar energy tax deduction Why is it a tax story? Tax policy greatly inf...

Textbook Tax presents its weekly tax news update. A quick read discussing various tax news, tax stories, and tax events trending in the United States during the week. The following tax topics cover the week of August 5, 2019 through August 11, 2019 . The tax topics presented represent my favorites in tax news for the week. Please comment any tax news stories you found interesting for the recent week. Additionally, please provide your email for weekly tax news updates sent straight to you! Related Posts -- Prior Weeks' Tax News July 29 - August 4 July 22 - July 28 Tax News for August 2019 This week in tax news focuses on the Sec. 199A QBI deduction statistics, a proposed virtual currency tax bill, a proposed meat tax, and the latest tax scammers.  Period: August 5 - August 11 Tax Topic: Tax study -- How many people claimed the new 20% QBI deduction Why is it a Tax Story? TCJA enacted Sec. 199A, which established the QBI deduction. The Sec. 199A QBI deduction a...