Regional CPA firm seeks entry-level professional staff
Smith Elliott Kearns & Company, LLC, a regional CPA firm with offices in Hagerstown and Chambersburg, Carlisle and Hanover, Pa., seeks entry-level professionals. This is an excellent opportunity for career growth and advancement. Send your resume with salary requirements to Smith Elliott Kearns & Company, LLC, 498 North Potomac St., Hagerstown, MD 21740, or to resume@sek.com. For more job and internship listings, go to:
www.tomorrowscpa.org/members/
internship.html
Who passed the CPA exam?
The Maryland Board of Public Accountancy has received the scores for the sections of the Uniform CPA Examination taken took during the April-May examination administration window. Congratulations to TCPA member Laura Wisman. (See her comments below). Find out who else passed at:
www.tomorrowscpa.org/candidates/
exam/AprilMay04.html
Personal finance
Tax advice for the working student: All employees have federal income tax withheld from their pay, right? Not necessarily. The IRS says that if you are a student working a summer or part-time job, you may be exempt from withholding if:
- you can be claimed as a dependent (usually on a parent's return),
- your total 2004 income will not be over $4,850,
- your unearned income (interest, dividends, etc.) will not exceed $250, and
- you had no income tax liability for 2003.
You'll still have to pay Social Security and Medicare taxes, but skipping unnecessary income tax withholding will put more money in your pocket now. For more information, visit the IRS Web site:
www.irs.gov
Avoiding pitfalls in accounting and finance careers
Many smart, hard-working financial professionals find that their intelligence and diligence go unrewarded while colleagues who exhibit the same talent and effort enjoy much more rewarding careers. Why is there a difference?
www.accountingweb.com/cgi-bin/
item.cgi?id=99525&d=815&h=817&f=
816&dateformat=%B%20%e,%20%Y
Accounting for growth
The accounting profession is being boosted by changes in the law and the marketplace. The biggest winners appear to be mid-size local and regional firms, rather than the Big Four.
baltimore.bizjournals.com/bizoutlook/
2004/07/26/?jst=s_ol_hl
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Words of wisdom from an exam passer
"Honestly, I liked the computerized version better. It was a bit awkward — you had to keep clicking back and forth between the calculator and the main screen to enter the answers, but other than that, I thought it was great. The simulations were essentially the same as the other objective format questions were on the written, but at least now, you don't leave with a sore hand! ... The best thing about the new format and testing is the flexibility in scheduling. I ended up taking one part on May 10 (the earliest I could schedule). I then took the following three weeks to do my final review of the second part, which worked out incredibly well. That way, I wasn't cramming it all into the same time constraints. I figured if there was flexibility, I'd use it!"
— Laura Wisman
Publications / newsletters of interest to future CPAs
One very important aspect of being a CPA is the need to stay informed of key business and accounting issues and concerns. The following publications and newspapers are recommended reading for potential CPAs.
aicpa.org/nolimits/resource/
pubs/index.htm
Do employers care about your grades?
Graduates with less-than-stellar academic records can still impress potential employers. As one expert says, all you need to do is "spin your experience" the right way. Here's how.
www.collegejournal.com/jobhunting/
interviewing/20020709-rafter.html
Campus reps needed!
Attention, all accounting majors: Yaeger CPA Review is looking for new campus representatives throughout all Maryland colleges. If you are interested in the opportunity, please contact John Pelicano at (800) 824-2811 or pyaeger801@aol.com.
TCPA member profile
Meet Diana McCalpin, Penan & Scott, PC
Hobbies: Reading, cooking, dancing
Favorite movie: "The Mirror has Two Faces"
Why I want to be a CPA: To have versatility and more options in my career
Favorite course: Business Writing
Least favorite course: Calculus
What people say when I tell them my career choice: "Can you do my tax return ... for free?"
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