Great Insight. We see this with the CFP as well. My take is, both are GREAT if you are just starting out. However, If you have been at it for years, and could teach most of the classes by now, you are likely considering getting the letters just for marketing and/or social insecurities. Spending the equivalent amount of time and money on actual marketing and self confidence will likely far exceed the results of simply passing exams IMO.
CPA is the prestige credential. A CPA has proven competence through education, continuing professional education, experience, and testing. This is not true for EAs and non-credentialed persons. I have found that CPAs overall are much more ethical than non-CPAs. I have been a CPA since 1971.
Here's a question, would I be able to start a CPA firm as myself without Audit experience? I am really only interested in doing taxes and bookkeeping, not looking to do Audit/Attest work just taxes/bookkeeping money management etc. If not then I am wondering if I should go work for a public CPA firm but at my current experience level in corporate that would be a sizable pay cut I think. Really just want to work for myself.
I have 3 parts passed, scheduled to take Far 10/28 in NJ, already have MBA and 8 years work experience including years under CPA at current role in financial reporting, general accounting and managing books for various restaurant clients experience. Just no Audit/compliance experience.@@taxtelegraf
I am in Canada and I am taking CPA for job security. someone in our accounting team just retired, and she's not a CPA, but when my manager hired a replacement, they hired someone who's is studying to become a CPA. Also, I was trying to get a promotion in the assistant controller as I work very closely with the controller, but ended up the manager hired a CPA for the role. so, seems like CPA is a MUST for any intermediate role... What do you think? I told my employer that I am interested in going for CPA and they support me and will pay for my education, but problem is I took many of my accounting course almost 10 years ago (but enough to get me enrolled into the CPA PEP program). I am wondering will there be a tough time going into the program, as I have forgot most of my stuff from Tax and Audit..... I don't mind study hard, but I hope they will provide enough study material so I don't have to go back to my class note from almost 10 years ago to look for references....
I’m an EA but am now going for the CPA license since I’ve noticed a demand in having audited financials, compilations, attestations, reviews, etc… Plus it’s very reputable. Although both EA and CPA can be different depending on which accounting path you take, they are the same in the tax field. I enjoyed the video, Logan! Looking forward to more!💯
Hey Logan I'm in school to become a CPA. Do you recommend staying the extra year to get a CPA or to work and study for the CPA at the same time? Also, what is the success rate of opening a business? Can 90% of people open a CPA business and make over 100k? (if they're CPAs' of course) You're living the dream man keep it up.
Thank you for this, Logan! I'm getting AFSP certified this year and working towards my EA, but it is a lot of time and money. So grateful for your videos 🤗
I'm an EA, when I started out, I looked at the equivalent CPA's and wondered why they got to charge so much more than me for the same work. Now it doesn't matter as my billable rate is equal or above most CPA's in my area. CPA's have a much better PR group I'll defiantly admit that, but many of the CPA's I know don't want to touch tax at all, they specialize in other area's. Do you need a CPA, depends what you want to do. I looked at getting a TCP a while ago and decided I don't really want to do work in Tax Court, it's just nice when your client walks in with a Stat notice as the first time they tell you they got a letter from the IRS.
Top 10 Logan video , I fear. 1. my crops are growing 2. my skin is clear 3. my depression is gone 4. my long lost brother whom i thought had died when he floated down the river back in 2005 came back home 5. My FS are audited. 7. I've been cleared of all racketeering charges. Tommorow I will buy 20% of the moon from Elon Musk, and its all thanks to Logan's videos.
Yeah this is the one video of yours I don't like. CPA's love to dump on EA's, but in the world of tax they are the same. I know EA's that can represent clients all the way into Tax Court! Plus EA's have nationwide practice rights and don't have to transfer their license state to state. And EA's have to abide by the same ethical standards and have the same ethics CPE's that CPA's have to take. While the prestige and notoriety is there by being a CPA, people will also realize that they can pay less for tax services and still get the same result. And that is ok for EA's because it doesn't cost so much to become an EA as opposed to a CPA. IT will works out in the end...can you provide a good service and a reasonable price!
Fun fact! CPA and did not go to grad school. Took science fiction literature and fencing in the summer after I graduated to hit my 150. :P
😄
Great Insight. We see this with the CFP as well. My take is, both are GREAT if you are just starting out. However, If you have been at it for years, and could teach most of the classes by now, you are likely considering getting the letters just for marketing and/or social insecurities. Spending the equivalent amount of time and money on actual marketing and self confidence will likely far exceed the results of simply passing exams IMO.
CPA is the prestige credential. A CPA has proven competence through education, continuing professional education, experience, and testing. This is not true for EAs and non-credentialed persons. I have found that CPAs overall are much more ethical than non-CPAs. I have been a CPA since 1971.
Put this one every major news network, social media site, and any other media source to inform the masses.
Perception is reality.
In 2027 I will be a CPA. I'm gonna return to this comment when I make it ! 💪
All the best
Why wait? It's just 4 tests my man, get that dawg in you to drink some caffeine and study bro
Here's a question, would I be able to start a CPA firm as myself without Audit experience? I am really only interested in doing taxes and bookkeeping, not looking to do Audit/Attest work just taxes/bookkeeping money management etc. If not then I am wondering if I should go work for a public CPA firm but at my current experience level in corporate that would be a sizable pay cut I think. Really just want to work for myself.
Do you have a CPA?
I have 3 parts passed, scheduled to take Far 10/28 in NJ, already have MBA and 8 years work experience including years under CPA at current role in financial reporting, general accounting and managing books for various restaurant clients experience. Just no Audit/compliance experience.@@taxtelegraf
I am in Canada and I am taking CPA for job security. someone in our accounting team just retired, and she's not a CPA, but when my manager hired a replacement, they hired someone who's is studying to become a CPA. Also, I was trying to get a promotion in the assistant controller as I work very closely with the controller, but ended up the manager hired a CPA for the role. so, seems like CPA is a MUST for any intermediate role... What do you think? I told my employer that I am interested in going for CPA and they support me and will pay for my education, but problem is I took many of my accounting course almost 10 years ago (but enough to get me enrolled into the CPA PEP program). I am wondering will there be a tough time going into the program, as I have forgot most of my stuff from Tax and Audit..... I don't mind study hard, but I hope they will provide enough study material so I don't have to go back to my class note from almost 10 years ago to look for references....
I'm unfamiliar with the CA CPA exam so I can't give much guidance on how hard it will be.
I studied 8 hours/day for 3 months for the US CPA exam.
I just got my EA to get a bonus from work but I still am studying for the CPA. I definitely agree CPA is more known than EA.
Can you tell us, is it easy to do audit services in small cpa firms ? Most firms are only doing taxes and bookkeeping
No, because of the peer review process.
How bad is life as CPA? My mom wants me to go into the career and I am looking into it, but everyone says it a horrible.
I’m an EA but am now going for the CPA license since I’ve noticed a demand in having audited financials, compilations, attestations, reviews, etc… Plus it’s very reputable. Although both EA and CPA can be different depending on which accounting path you take, they are the same in the tax field.
I enjoyed the video, Logan! Looking forward to more!💯
There's a lot of money in audited financials!
Thank you for watching, Mark!
Hey Logan I'm in school to become a CPA. Do you recommend staying the extra year to get a CPA or to work and study for the CPA at the same time? Also, what is the success rate of opening a business? Can 90% of people open a CPA business and make over 100k? (if they're CPAs' of course) You're living the dream man keep it up.
My man! Which question do you want me to answer 😆
@@taxtelegraf All of them, please. if you can...
@@taxtelegrafall of them 🤣
What cameras are you using for your setup?
Sony FX30
It’s so annoying in tax jobs when they value EA’s as equal to a CPA. It’s not even close
How so?
@@taxtelegraf let me put it this way. If I had an EA and not a CPA. I’d be on the same spot. But with less debt
@@CPATuttle Hilarious setup for the punchline. Funniest CPA I’ve crossed paths with to date
What camera are you using?
Sony FX30. I got it back in May!
Thank you for this, Logan! I'm getting AFSP certified this year and working towards my EA, but it is a lot of time and money. So grateful for your videos 🤗
☺
I'm an EA, when I started out, I looked at the equivalent CPA's and wondered why they got to charge so much more than me for the same work. Now it doesn't matter as my billable rate is equal or above most CPA's in my area. CPA's have a much better PR group I'll defiantly admit that, but many of the CPA's I know don't want to touch tax at all, they specialize in other area's.
Do you need a CPA, depends what you want to do. I looked at getting a TCP a while ago and decided I don't really want to do work in Tax Court, it's just nice when your client walks in with a Stat notice as the first time they tell you they got a letter from the IRS.
No
Working, getting my MBA and with a newborn❤❤
Top 10 Logan video , I fear.
1. my crops are growing
2. my skin is clear
3. my depression is gone
4. my long lost brother whom i thought had died when he floated down the river back in 2005 came back home
5. My FS are audited.
7. I've been cleared of all racketeering charges.
Tommorow I will buy 20% of the moon from Elon Musk, and its all thanks to Logan's videos.
🤣👏
Lol I have a successful tax career in industry without a CPA.
Knowledgeable, commanding, intriguing, and sexier than ever. Lovely as always, Logan. Love your tight shirts, make them tighter!
Yeah this is the one video of yours I don't like. CPA's love to dump on EA's, but in the world of tax they are the same. I know EA's that can represent clients all the way into Tax Court! Plus EA's have nationwide practice rights and don't have to transfer their license state to state. And EA's have to abide by the same ethical standards and have the same ethics CPE's that CPA's have to take. While the prestige and notoriety is there by being a CPA, people will also realize that they can pay less for tax services and still get the same result. And that is ok for EA's because it doesn't cost so much to become an EA as opposed to a CPA. IT will works out in the end...can you provide a good service and a reasonable price!
I'm confused. Why don't you like the video?