Tag Archives | CPA

Accounting standards concept. Man working with report.

Why CPA Designation Matters

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession. There is no requirement that you have to be a licensed Certified Public Accountant (CPA) to do accounting or taxes. However, it’s […]

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Gregory M. Ward, CPA

An Overview of Qualified Improvement Property

A common frustration for small business owners has historically been their inability to recover nonresidential commercial real estate costs through depreciation in a reasonable amount of time. Nonresidential real property has been relegated to a 39-year straight-line recovery life, with no opportunity for accelerated deductions. This unfavorable depreciation period and disappointing annual deduction has led […]

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