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If the client owns the QuickBook software, then all QuickBooks electronic records belong to the client. This situation may occur when a client pays for software that is maintained in the CPAs office. If the CPA owns the QuickBooks software, then the Board considers the electronic records to be the CPAs working papers.
An accountant is a person whose job involves keeping financial records for a business.
If the client owns the QuickBook software, then all QuickBooks electronic records belong to the client. This situation may occur when a client pays for software that is maintained in the CPAs office. If the CPA owns the QuickBooks software, then the Board considers the electronic records to be the CPAs working papers.
The directors of every company and the members of every LLP are required by law to prepare accounts for each financial year, being full statutory annual accounts, and a company tax return.
If you are having problems with a Licensed Tax Consultant or Tax Preparer, you should contact the Board of Tax Practitioners at (503) 378-4034. Most CPAs and PAs sincerely try to do all they can on behalf of their clients.
However, ?records of the client? do not include any return, claim for refund, schedule, affidavit, appraisal, or any other document prepared by the practitioner or the firm pending the client's fulfillment of a contractual obligation of fee payments.
Italian roots. But the father of modern accounting is Italian Luca Pacioli, who in 1494 first described the system of double-entry bookkeeping used by Venetian merchants in his Summa de Arithmetica, Geometria, Proportioni et Proportionalita.
?A person is deemed to be engaged in the practice of public accounting, if (1) he holds himself out to the public as one skilled in the knowledge, science and practice of accounting and as qualified to render professional services as a certified public accountant; or (2) he offers and/or renders to more than one client ...