Donald Padgett CPA

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Are Account Detail Types in Quickbooks?

If you’re planning to keep track of your business’s financial records using Quickbooks, you’ll need to familiarize yourself with the accounting software’s detail types. Whenever you create an account in Quickbooks — expense account, income account, liability account, etc. — you’ll be prompted to choose a detail type. It’s important that you choose the right detail type because this will affect the subcategory in which the…

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

IRS Tax Tip: Ten Tax Tips For Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.Read more →

5 Tax Tips for Millennials

Winging it on your taxes? You could be missing out on significant savings or worse yet, be endangering your finances and freedom by not knowing the basics.

7 Bookkeeping Habits Every Entrepreneur Should Adopt

Good bookkeeping is a foundational aspect of a healthy business. Keeping careful track of the money within your business is critical to its success.

How to Be Perfect by Ron Padgett

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

Take advantage of these 16 commonly missed tax deductions

Don't miss out on these lesser-known tax deductions.

Baloney Meter: Does The Income-Splitting Plan Only Benefit 15% Of Canadians?

Becoming a CPA at 60: 10 tips for passing the CPA Exam

Christine Kuglin started her journey to pass the test by thinking, 'Today is a good day to become a CPA.'

Non-CPA Controllers Offer Perspective on Choosing a Certification

If you're a young accountant unsure whether the CPA is right for you, a number of non-CPA controllers discuss how other certifications benefited them.

Online CPA Services: Working Remotely with Your CPA

Make working with your accountant easier, no matter where you're located. Read these tips for optimizing your online CPA services.

What I Wish I had Known Before Taking the CPA Exam

What does obtaining your CPA license entail? Here's what you may want to know before starting the process of getting your own CPA license.

The non-CPAs every CPA should have in their network

CPAs who also hold PFS credentials offer advice for establishing an extended network of other professionals to help serve clients.

I’ve been a member since …

How many times have you heard that? How does it make you feel? When I was working the front line at a credit union many moons ago it used to make me cringe a bit. “Here it comes….” And it was usually in response to a policy we were trying to impose on them, a …