How CPAs stay on top of their trade.
It’s no easy feat for professional accountants to make the leap to a certified CPA. Besides the hours of training required to obtain a certification, CPAs need to maintain their licenses by meeting a required number of continuing education hours every few years. If you’ve ever been curious as to what goes on behind the curtain of a CPA’s professional life, stick around for the details.
Becoming a CPA
In the state of Texas, there are five steps to becoming a qualified CPA.
- Earn a Qualifying Degree – The Texas Public Accountancy Act of the Texas State Board of Public Accountancy requires all CPAs in the state to have at least 150 hours of college credit and a bachelor’s degree.
- Take the CPA Exam – After completing an Application of Intent, prospective CPAs sit for the CPA exam. This exam is organized into four major sections which must be passed individually. The test takes about 14 hours to complete and consists of more than 325 questions and task-based simulations.
- Gain Experience – In Texas, applicants won’t be issued a CPA certificate until they’ve completed at least one year (or 2,000 hours) of paid or volunteer work experience under the supervision of a CPA.
- Obtain a CPA License – After passing the exam and fulfilling all other requirements, applicants may apply for a CPA license.
- Stay Current Through Continued Education – In Texas, CPAs must complete 120 hours of CPE (continuing professional education) every three years, with a minimum of 20 hours of CPE for each 12-month period. Additionally, all CPA certificate holders in Texas must complete a 4-hour ethics course every two years.
A Day in the Life of a CPA
Besides continued professional education, CPAs are in constant contact with their clients, working along highly skilled professionals on the cusp of industry technology and insights. It’s an ever-evolving field that requires CPAs to be tech-savvy and held to a higher standard of professionalism. When you work with a CPA, you know you’re working with a highly trained expert in the field of accounting.
Caudell & Associates, PC is a four-person firm. Three of our four team members are CPAs. Our CPAs maintain current licenses and participate in CPE. We maintain an annual authorization with the IRS to prepare and file tax returns on behalf of our clients, and we use a leading tax preparation software. Our team of professionals has the experience, skills and resources to research our client’s issues and propose a compliant solution – year-round.
We focus on continuing education topics that are relevant for our clients. All our employees have taken courses on various aspects of the 2017 Tax Cuts and Jobs Act – the most comprehensive overhaul of our tax rules in decades. We also complete courses focused on each type of tax return and more specific business issues.
To learn more about our team and what we do, visit our website.