Has efiling increased tax fraud?

According to the IRS, there were 1.1 million cases of identity theft and efiling tax fraud in 2011 with dollars in the billions. 80% of tax returns are now efiled each year. I am a huge fan of efiling as we get an immediate confirmation of receipt by the government agencies so no concerns of […]

Read More... Posted in Jan 8, 2014

Do CPA’s really sell time ?

Over my almost twenty years in this field, I have heard many CPA’s say “we sell time”. Really?!? There are many days I wish I could buy “time” but no such luck. Time itself is unfortunately not for sale! I prefer to think that a CPA sells knowledge and experience. Now that’s something I CAN […]

Read More... Posted in Jan 8, 2014

Any idea how many licensed CPA’s there are in California ?

I thought I would share some very interesting numbers I just discovered…………as of December 31, 2012, there were 86,088 licensed CPA’s in California. There are 1,426 partnerships and 3,782 corporations. Everyone else is either a sole practitioner or works for a large corporation as an in house accountant/CFO. Interesting statistics and surprisingly fewer CPA’s in […]

Read More... Posted in Jan 8, 2014