Salt Lake City — Universal Accounting®, the nation’s largest training center for accounting, bookkeeping and tax preparation with its Profit Expert™ Programs, announced today its recommendations regarding imminent Internal Revenue Service (IRS) tax preparer regulations. Universal Accounting representatives participated in three IRS panel discussions of tax preparer registration and regulation, with the final public forum held yesterday, Sept. 30, 2009 in Chicago. As the nation’s largest educational center for tax preparers, assisting thousands of students to start their own tax business, Universal Accounting is a respected voice on the tax preparer industry.
Overview of Universal Accounting recommendations:
• All tax preparers, including Certified Public Accountants (CPAs), attorneys and Enrolled Agents (EAs) should be required to register
• Require annual continuing professional education to ensure all preparers are up to date with changing tax laws and practices
• Initial ethics training should be required at the time of initial registration
• Evaluate registration and educational requirements after three years
“A national registration system would benefit tax preparers and taxpayers alike by instilling confidence and holding tax preparers accountable for every return,” says Allen Bostrom, Universal Accounting CEO. “Testing requirements are premature at this time — the main objective is get every person who signs a tax return registered, and ensure each has annual education about current tax laws.
“Although there are cases of fraud and incompetence in the tax industry, I believe that the great majority of tax preparers are ethical and competent in their craft,” Bostrom continued. ”Requiring registration alone would likely weed out undesirable candidates, immediately having a positive impact on those running their own tax preparation business and tax payers alike.”
Universal Accounting welcomes any feedback about this topic and can be reached via Bostrom’s blog and on Twitter.
ABOUT UNIVERSAL ACCOUNTING
Celebrating its 30th year in business, Universal Accounting specializes in helping people become Profit Experts™ for their organizations through its accounting-based products and services. The company creates powerful training materials for those involved in accounting, bookkeeping and tax preparation. Universal Accounting flagship products include its Professional Bookkeeper Program, Professional Tax Preparer Program, and Quickbooks setup and support programs. Universal Accounting offers seminars, interactive tutorial software, training guides and booklets, as well as personal coaching and even pre-packaged marketing programs to help its students be successful. Universal Accounting students are provided proven and achievable business models that allow them to make money, diversify their income and obtain financial security by starting their own business, or making their company more profitable. Universal Accounting founder and CEO Allen Bostrom is the author of two popular business books, In the Black, and Red to Black in 30 Days, and is a popular speaker at a variety of industry and business events.
Overview of Universal Accounting recommendations:
• All tax preparers, including Certified Public Accountants (CPAs), attorneys and Enrolled Agents (EAs) should be required to register
• Require annual continuing professional education to ensure all preparers are up to date with changing tax laws and practices
• Initial ethics training should be required at the time of initial registration
• Evaluate registration and educational requirements after three years
“A national registration system would benefit tax preparers and taxpayers alike by instilling confidence and holding tax preparers accountable for every return,” says Allen Bostrom, Universal Accounting CEO. “Testing requirements are premature at this time — the main objective is get every person who signs a tax return registered, and ensure each has annual education about current tax laws.
“Although there are cases of fraud and incompetence in the tax industry, I believe that the great majority of tax preparers are ethical and competent in their craft,” Bostrom continued. ”Requiring registration alone would likely weed out undesirable candidates, immediately having a positive impact on those running their own tax preparation business and tax payers alike.”
Universal Accounting welcomes any feedback about this topic and can be reached via Bostrom’s blog and on Twitter.
ABOUT UNIVERSAL ACCOUNTING
Celebrating its 30th year in business, Universal Accounting specializes in helping people become Profit Experts™ for their organizations through its accounting-based products and services. The company creates powerful training materials for those involved in accounting, bookkeeping and tax preparation. Universal Accounting flagship products include its Professional Bookkeeper Program, Professional Tax Preparer Program, and Quickbooks setup and support programs. Universal Accounting offers seminars, interactive tutorial software, training guides and booklets, as well as personal coaching and even pre-packaged marketing programs to help its students be successful. Universal Accounting students are provided proven and achievable business models that allow them to make money, diversify their income and obtain financial security by starting their own business, or making their company more profitable. Universal Accounting founder and CEO Allen Bostrom is the author of two popular business books, In the Black, and Red to Black in 30 Days, and is a popular speaker at a variety of industry and business events.