However, you will likely need to complete a degree program and other certifications to be an accountant or move beyond a bookkeeping role. Bookkeepers are not required to have certifications or specific education unless required by a specific employer. If your accountant also does your bookkeeping, you don’t need to hire a bookkeeper. Some accountants…
For its tax year ending January 31, 2022, Oak Partnership’s taxable income from the active conduct of its business is $80,000, of which $70,000 was earned during 2021. John and James each include $40,000 (each partner’s entire share) of partnership taxable income in computing their business income limit for the 2022 tax year. The total…
While a master’s degree is not specifically needed to meet the educational requirement, some of the 150 credit hour programs lead to a graduate degree. If you’re trying to decide whether a graduate degree is right for you, read about a Becker student’s experience pursuing a master’s in accounting. Obtaining the certified public accountant (CPA) designation…