Pennsylvania Society of Tax & Accounting Professionals

Earning a degree in accounting can open many doors of opportunity. Thanks to the flexibility, job security, and other perks that come with this profession, accounting has been ranked as one of the top 100 Best Jobs. Being that accounting is an in-demand career, you will find an abundance of employment opportunities with competitive pay rates, making it a lucrative choice. #PSTAP #accounting #CPA https://lnkd.in/egAnp8gy

It takes an additional certification to become a Certified Public Accountant (CPA) as opposed to a regular accountant, but it also leads to being able to offer more services to potential clients. Read on to learn more about the differences between these two careers and how #PSTAP can help you obtain this designation. #accounting https://lnkd.in/eE9vsvUH

Because the economy in the United States is large and complex, it is often difficult to understand the tax code and what your responsibilities are. This is why working with an accountant is beneficial; they can make sense of any forms you need to complete as well as find ways to decrease the amount you owe. Learn more information here. https://lnkd.in/eqMwYneB

When it comes to managing your business’s cash flow, hiring an accountant can be an excellent way to ensure that the records are being accurately maintained. An accountant can also ensure you’re maintaining a positive cash flow or are on your way to doing so. They can take time to review and streamline your accounts, keeping your business in good financial standing. #PSTAP #cashflow #CPA https://lnkd.in/e8pFibfH

Accountants can choose to become Certified Professional Accountants by obtaining additional education and a more advanced certification. This is beneficial because CPAs can perform many functions that accountants alone cannot, making you more desirable to clients. https://lnkd.in/eE9vsvUH

If you’re starting a small business, you may feel inclined to do as much of the work on your own as possible. One part of business ownership that you should consider outsourcing to a professional is your accounting. All of the finances of running a business can quickly become overwhelming and a CPA can alleviate much of that stress. #PSTAP #smallbusiness https://lnkd.in/gCCHAJGD

While tax preparation is a common sector that accountants work in, it is not the only one. For example, if you are interested in learning about estate planning for elderly clients or their loved ones, become a member of #PSTAP to connect with accountants who work in a similar field. https://lnkd.in/ehDxP-tn

With the rise in the usage of artificial intelligence (AI), you may be wondering how you could implement AI into your accounting practice. Read more information here about potential benefits and what you may want to consider. https://lnkd.in/ebaJKj4r

Many self-employed individuals miss out on the opportunity to claim tax deductions because they don’t realize how many opportunities are available. Hiring an accountant is a prudent step in maximizing your write-offs. They can help you uncover all possible write-offs, such as internet service and office space in your home. https://lnkd.in/gFxvxie

Real estate taxation is one example of a niche you can specialize in as an accounting practice. If your clients earn income from investing in an Airbnb or house flipping, you can assist them in navigating how to properly report their taxes. Read on to learn more. https://lnkd.in/e8ZfESK3