Beginning in the Fall of 2019 I began steps to retire as a practicing CPA which was completed in 2020. My CPA license is now in retirement status which means I can continue to provide CPA type services, I just can’t issue a report, such as an audit or review report or sign tax returns.
Beginning in late summer 2023 I’ve started the process of reactivating my CPA license. Once reactivated the services I provide will not substantially change as I will not be performing traditional CPA services. I will be providing support services to other CPA firms, general business consulting and other services noted elsewhere in this website.
This site is my old CPA website. The wording is from the perspective of the original site, the wording from an active CPA, and it presented as historical or archive purposes. I am still active as an accounting and business professional and this can be found at:
General Business Consulting
www.JMCAdvisor.com
Independent Solar Consultant
www.JMCAdvisor.com
Independent Solar Consultant
www.SolarAdvisor.biz
My Original Website and Business Concepts
www.info-stat.com
Accounting Education and Educational Webinars
www.AccountingEducationInstitute.com
Live Accounting Education Event
www.AccountingDay.org
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- Pre-Issuance Review of financial statements
- Reviewing the CPAs report, the financial statements and footnotes once prepare by the accounting team prior to final review by the partner. This includes simple math check and cross-reference tie-outs to GAAP/GAAS compliance and other needed steps. Workpaper review is done when the situation requires it. With some firms, it will be done on all engagements, a more enhance version of a pre-issuance review.
- Prepare business income tax book to tax conversion
- This is typically done on the larger or more complex client where a good conversation trail is needed. The end result is a product starting with the book trial balance with documented differences with the end result being a trial balance that ties directly to the tax return.
Performing the needed research for compliance with the immediate situation. This can be a full research project or a detailed review of the work performed by the staff.
Acting as fill-in staff is not a part of this service.
This is not a substitute for what your attorney will be doing. The review is typically looking for accounting related landmines in the contract, oversights, overly restrictive compliance issues that don’t enhance the contract’s intent. One example is the installation of a securities tool to enhance buying or selling opportunities. The tool far exceeded expectations and was very successful. What was missing was the back office tools for reconciling settled trades and other compliance issues. The cost in staff labor and not catching errors was closed to 50% of the profits generated from the system.