Articles / FAQs

Why use a Certified QuickBooks ProAdvisor?
QuickBooks has been designed for small business owners who aren’t experts in accounting and bookkeeping. Using QuickBooks will help simplify work you already do—like paying bills, invoicing customers, tracking sales tax, and much more.  Certified QuickBooks ProAdvisors are ready and waiting to lead you through the process from the beginning to end on what’s best suited for your business.

Who are Certified QuickBooks ProAdvisors?
Certified QuickBooks ProAdvisors are CPAs, accountants, and other professionals who work with small businesses. These ProAdvisors are QuickBooks experts—they’ve completed a comprehensive QuickBooks training course and exam in order to become certified. They can get you started on the right foot, aiding in set-up, training and troubleshooting... even helping you move from whatever your current accounting method is to QuickBooks. Even if you already have an accounting professional serving you, you should consider contacting a Certified QuickBooks ProAdvisor.

What could you learn?
Here are just a few examples of what you could learn:

• How using financial software can save you time
• Which edition of QuickBooks is the best for your unique business needs
• How to manage your cash flow at start-up
• How to accurately track expenses and income

Acclaim Professional Services is here to help!
QuickBooks users who get help through a ProAdvisor or accounting professional have a higher satisfaction level with QuickBooks. Whether you need help setting up and customizing QuickBooks, learning how to more efficiently use the software, or better understanding the financial data you currently have in QuickBooks, your Acclaim Professional Services Inc., is available to help you get the most out of the software.

How long should I keep my Receipts?
Click here for a full list of Record Keeping Retention Rates.

Enrolled Agents

What is an Enrolled Agent?
An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.

What does the term “Enrolled Agent” mean?
“Enrolled” means to be licensed to practice by the federal government, and “Agent” means authorized to appear in the place of the taxpayer at the IRS.  Only Enrolled Agents, attorneys, and CPAs may represent taxpayers before the IRS.  The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the U.S. Treasury Department.

What are the differences between Enrolled Agents and other tax professionals?
Only Enrolled Agents are required to demonstrate to the IRS their competence in matters of taxation before they may represent a taxpayer before the IRS.  Unlike attorneys and CPAs, who may or may not choose to specialize in taxes, all Enrolled Agents specialize in taxation.  Enrolled Agents are the only taxpayer representatives who receive their right to practice from the U.S. government (CPAs and attorneys are licensed by the states).

Are Enrolled Agents bound by any ethical standards?
Enrolled Agents are required to abide by the provisions of the Department of Treasury’s Circular 230, which provides the regulations governing the practice of Enrolled Agents before the IRS.  NAEA members are also bound by a Code of Ethics and Rules of Professional Conduct of the Association.

Article provided by NAEA