An Enrolled Agent (EA) is a licensed tax professional who represents taxpayers that face asset forfeiture, are undergoing audits, or who want to file appeals for various decisions of the Internal Revenue Service (IRS). Specifically, those with this certification, similar to a certified public accountant (CPA), can represent taxpayers before the Internal Revenue Service. EAs […]
The US CMA certification is a marvelous path to enhance one’s career and stand out from the crowd of conventional applicants vying for accounting job profiles. However, before going head on into the world of US CMA, it is important to understand the skills and basic accounting knowledge a CMA US needs. To get a […]
What is an Enrolled Agent (EA)? An enrolled agent (EA) is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service (IRS) by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee An EA is a federally authorized […]
It is well known that country-wise variations exist in accounting standards and financial reporting in the finance and accounting domain. In the USA the Financial Accounting Standard Board(FASB) assembled the prevalent practices and norms practised there in the shape of Generally Accepted Accounting Principles (GAAP) which indicates commonly accepted measures, principles and benchmarks upon compilation […]
Auditing and accounting contribute to being two crucial processes, which are associated with the financial activities as well as records of the business entity. The crucial difference between Accounting and accounting is that Accounting involves the technique of reporting, maintaining, and recording the financial affairs of the business organization, which depicts the financial status of […]