> Accounting
term that refers to the overall process of tracking your business's income and expenses, and then using these numbers in various calculations and formulas to answer specific questions about the financial and tax status of the business.
The following information on CPA can be very helpful and provides general answers to many of your CPA questions:
Commission means any item of value given or received by a licensee to or from any third party in return for suggesting the purchase of any product or service.
A licensee who is not prohibited from receiving a commission and who is paid or expects to be paid a commission shall disclose that fact, in writing, to any person or entity to whom the licensee recommends or refers a product or service to which the commission relates.
A licensee who accepts a fee for recommending or referring any service of another licensee to any person or entity or who pays a fee to obtain a client shall disclose, in writing, the receipt or payment of the fee to the client.
A certified public accountant may practice public accountancy only in a proprietorship, partnership, professional corporation, business corporation, limited liability partnership, or limited liability company.
A fictitious firm name is any firm name that does not consist of the names of one or more present or former owners of the firm. A firm may not use a fictitious firm name unless such name has been registered with and approved by the Board as not being false or misleading.
A certified public accountant shall not knowingly misrepresent facts, and when engaged in the practice of public accounting, including the rendering of tax, management advisory, or other financial services, shall not subordinate his or her judgment to others.
A certified public accountant shall not permit the licensee's name to be used in conjunction with any forecast of future transactions in a manner which may lead to the belief that the certified public accountant vouches for the achievability of the forecast.
Fees shall not be considered as contingent in tax matters if determined based on the results of judicial proceedings or the findings of governmental agencies.
Certified Public Accountants may provide information to the public by advertising as long as the advertisment is not false, deceptive or misleading. It cannot create false or unjustified expectations of favorable results. Nor can the Advertisments imply the ability to influence improperly any court tribunal or regulatory agency or fail to disclose all variables and other relevant factors for soliciting professional engagements.
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If you live in the following cities and need an accountant, you should contact our Idaho Accountants as soon as possible:
Blackfoot
Boise
Burley
Caldwell
Coeur D Alene
Eagle
Hayden
Idaho Falls
Jerome
Lewiston
Meridian
Moscow
Mountain Home
Nampa
Pocatello
Post Falls
Rexburg
Sandpoint
Twin Falls
Did You Know?
You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.
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Latest News
Latest accountant news in Idaho and nationwide:
Apr 27, 2006 - Office of the Chief Accountant Selects Two Professional Accounting Fellows
Washington, D.C., Mar. 30, 2006 — The Securities and Exchange Commission's Office of the Chief Accountant has selecte... Read more >
Aug 22, 2005 - Accountant As Much As A $25 Million Bounty
The September 1, 1994 IRS raid came about as the result of a plot hatched by a former chief in-house accountant while he w... Read more >
Legal Disclaimers The information provided on Accountants Idaho.com is not intended to be accounting advice, but merely conveys
general information related to accounting issues commonly encountered.
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