The Certified Public Accountant (CPA) credential is the gold standard in the accounting profession. Earning your CPA means passing a rigorous exam and meeting experience requirements. It also requires staying current on CPA ethics and standards. The CPA credential opens doors to many different career paths. The most common career path for CPAs is working in public accounting. Public accounting firms range in size from the Big Four to small, regional firms. CPAs in public accounting provide a wide range of services, including auditing, tax, and consulting. Other common career paths for CPAs include working in corporate accounting, government accounting, and education. CPAs in corporate accounting work for companies in a variety of industries. They may be involved in financial reporting, tax, and treasury functions. CPAs in government accounting work for federal, state, and local government agencies. They may be involved in auditing, tax, or budgeting. CPAs in education work in colleges and universities, teaching accounting and related courses. Earnings for CPAs vary depending on the type of position and the size of the employer. According to the Bureau of Labor Statistics, the median annual salary for accountants and auditors was $67,190 in 2018. The top 10% of earners made more than $122,840. CPAs who want to maximize their earnings potential can do so by working in certain industries or geographic areas. For example, CPAs who work in the securities and commodities industry earn a median salary of $93,650. CPAs who work in the New York City metropolitan area earn a median salary of $85,590. No matter where you work or what you do, the CPA credential can help you earn a good living.
There are many ways to earn CPA credits, but the most common is through providing accounting services to clients. This can include bookkeeping, tax preparation, and other financial consulting services. Many CPAs also offer earn-out services, which allow clients to receive a percentage of their tax savings or other financial benefits as compensation for their work.
As the cost of living continues to rise, more and more people are looking for ways to earn extra money. One way to do this is by becoming a certified public accountant (CPA). CPAs provide a valuable service to businesses and individuals by preparing and filing taxes, and they can earn a good income doing so. If you're looking for a way to earn extra money, becoming a CPA may be a good option for you.