Why To Hire a British Columbia BC CPA

Here are some reasons why you should choose a British Columbia BC CPA for freelancers for your accounting and tax needs, especially when you are self-employed. For all practical purposes, when you are self-employed, you are what are known as an independent contractor.

Additionally, when you are classified as such, there are different accounting and tax implications that you need to be aware of. Herein lays the value of hiring a British Columbia BC CPA when you are self-employed.

Being self-employed or an independent contractor is far different from being a business owner. Unlike the business owner who does not have to be so concerned with the daily operations or be as hands-on with that business, the self-employed individual must be totally aware of the day-to-day operations of their business.

The most significant reason for hiring a British Columbia BC CPA when you are self-employed is the tax responsibilities that you face. When you are self-employed, there are certain tax obligations that you have to meet compared to when you are working as an employee. A qualified British Columbia BC CPA is well aware of these differences and can assist you in staying in the good graces of your local, state, and federal tax authorities.

The bottom line is that British Columbia BC CPA’s are not the number crunching individuals that standard accountants and bookkeepers tend to be. They understand accounting and tax concepts which only apply to the self-employed individual and speak their language. In a sense, British Columbia BC CPA’s are business advisors and financial strategists that can help you with business or personal accounting and tax issues.

Explanation of Manitoba CPA Exam Requirements

Do you have trouble understanding the Manitoba CPA exam requirements? The attempt to interpret what the rules mean can be a very time-consuming and frustrating process.

In this page, we are going to explain and clarify what exactly are required to sit for the Manitoba CPA exam, so you can start finish off with the application and focus on your exam study as soon as possible

In a nutshell, aspiring CPAs need to fulfill the "3Es" to become a Manitoba CPA:

• Education

• Exam

• Experience

Education

In Manitoba, you'll need to have at least a bachelor degree, preferably a master's degree in accounting and/or business to sit for the exam. In any case you will have to fulfill at least 21 semester units of accounting (including financial accounting, cost accounting, auditing and taxation) as well as 9 semester units of business courses, including business law, finance, and information systems.

Exam

Studying and passing the Manitoba CPA exam is probably the toughest part in your CPA journey. This is a grueling 14-hour exam decided into 4 sections: Financial accounting, Auditing, Regulation (Tax), and Business Law & Ethics. You can take the 4 sections separately within the 18-month window.

Experience

Once you have passed the Manitoba CPA exam, you will have to take an Ethics Exam (which is much easier in comparison), and the next challenge is to fulfill the working experience requirement. Thus, all these requirements if fulfilled properly, one can become a qualified CPA.