Wondering what direction your career should go in? As the coronavirus pandemic continues to shake up our social and professional lives, many people are opting to start their businesses. However, dreaming isn’t enough to make your entrepreneurial dream a reality.
If you know you want to start your firm and are wondering what direction your career should go in, becoming a certified public accountant (CPA) could be a great option. But what is a CPA, how do you become one, and how to start your firm? Here’s everything you need to know.
Become a CPA and Start Your Own CPA Firm
The process to become a CPA is not an easy one, but it is achievable with the right amount of dedication and hard work. To become a CPA, you must first have completed “all degree requirements, including 24-semester units each in accounting and business-related subjects.”
The usual path is having a four-year accounting degree at an accredited university.
However, provided that the 24 units educational requirements are fulfilled, candidates “currently enrolled in a master’s degree program,” or “currently enrolled in college at the time of application and are within 180 days of completing educational requirements” are also allowed to sit for the Uniform CPA Examination.
The step-by-step process on how to be a CPA in Irvine, California can be found on the California Board of Accountancy website.
The Benefits of Becoming a CPA
There are many benefits to becoming a CPA and starting your own firm. As a CPA, you will have the opportunity to work with clients on a variety of financial issues and provide them with the best possible advice.
You will also be able to work with clients on a more personal level, which can lead to stronger relationships.
In addition, as a CPA you will be able to set your own hours and work from home if you so choose.
Tips for Succeeding as a CPA
To be successful as a CPA, you need to be good at math, have strong analytical and problem-solving skills, and be detail-oriented. You also need to be able to work well under pressure, as some deadlines can be tight.
As you are starting a CPA firm, you should take the time to develop a business plan. This plan should include your goals, target market, and marketing strategies.
It is also a good idea to find a CPA mentor who can help you get started.
Good communication and interpersonal skills are also important, as you will be dealing with clients regularly. To be successful, you will need to market your firm to potential clients, manage your finances effectively, and provide quality services. Using managed IT services will also help in increasing your firm’s efficiency and security.
Becoming a CPA and starting your own firm is a great way to jumpstart your career in accounting. You have the power to fulfill your destiny so work hard and dream on.
Are you interested in learning more about how you can become a CPA and start your own business? Check out our other articles today for more information!