A number of professionals, including accountants and tax experts, need continuing education to keep up with changing laws, regulations, and norms. If you are a CPA, you must complete accounting and tax CPE courses to renew your license. In this post, we will talk about CPE requirements, along with a few tips and suggestions that may come handy.
- First and foremost, find about your state requirements. These requirements vary by state, but on an average, most states require CPAs to complete an average of 40 CE hours per calendar year.
- Keep the renewal term in mind before planning your CE options. License renewal period can vary by state. For example, if the renewal period is 3 years, you will need to complete 120 hours of CE ahead of the date.
- As a crucial part of the CPE requirement, states usually require CPAs to complete an ethics course. The frequency of this course can also vary, but generally the requirements are limited between 2 and 8 hours.
- CPAs can complete their continual education through regular classes or self-study. Owing to busy schedules, most CPAs opt for online courses, which are not just easy to access but also extremely affordable.
- Understand your career goals. CPE courses are not meant for completing statutory obligations alone. You can gain professional competence over others in the same field, without trying too hard. Make a list of things that interest you or can benefit your career.
- Check for the right websites. There are all sorts of websites that offer CPE courses, but look for the ones that are genuine and rated well. For example, Cpethink.com support is known to be the best for CPAs who are confused about state requirements.
- CPA CPE should be done as soon as possible within the renewal term. Keep in mind that some states do need CPAs to submit their annual report, but if your state doesn’t have such a requirement, you are still subject to audits.
- Missing CE credits can mean suspension of your license. Consider spending at least two hours each week for your CPA CE learning. Of course, you can always learn on the go in your free time, but having a routine is always recommended. Experts advise new CPAs to keep a close tab on the state requirements for reducing mistakes and CE errors.
Check online now to find a few CPE courses that can help you career!