Accounting & Bookkeeping & Small Business Forum

[certifiedbookkeeper]

Hi there!

Can anyone please answer this for me: What is the most recent edition/publication date of the UA Professional Bookkeeper program materials? Is there a newer version than the 8th edition that was published in 2005?

Thank you very much. :)

[Richard Noot]

certifiedbookkeeper wrote: Hi there!

Can anyone please answer this for me: What is the most recent edition/publication date of the UA Professional Bookkeeper program materials? Is there a newer version than the 8th edition that was published in 2005?

Thank you very much. :)


I am not sure if there is or not but bookkeeping and accounting has not changed much in the last 500 years. That being said the only major change that has come about is that anyone that does payroll for compensation is now considered a tax preparer. This means that they can now be penalized up to $5000.00 for errors depending on whether the error was willfull negligence or not. If the tax preparer licensing bill does become law this will require bookkeepers and accountants to be licensed if they do payroll.

[certifiedbookkeeper]

Thank you, Richard. I understand accounting hasn't changed in 500 years or so, but I am curious as to how often UA updates their PB course material and the year it was last updated.

You brought up something I wasn't aware of; that payroll providers are now considered tax preparers. Do you know of a website where I could learn more about this and the tax preparer licensing bill? Thank you.

[Richard Noot]

certifiedbookkeeper wrote: Thank you, Richard. I understand accounting hasn't changed in 500 years or so, but I am curious as to how often UA updates their PB course material and the year it was last updated.

You brought up something I wasn't aware of; that payroll providers are now considered tax preparers. Do you know of a website where I could learn more about this and the tax preparer licensing bill? Thank you.

You can find some info at http://www.natptax.com/govt_relations.html.

As far as licensing goes this has been an on again off again thing with congress for the last 3 years. It flaired up again when Jackson Hewitt was cited at some of its offices by the IRS. Most representative organizations for tax preparers have kept close tabs on future legislation with our interests in mind as weel as the public we serve. The main concern is congress in its uninformed ideas will pass a bill that would require only CPAs attorneys and EAs to do tax returns for a fee. Since the majority of tax preparers are not CPAs or EAs and do NOT do Corp Partnership or Estate returns the result would be the loss of a large pool of qualified providers and an increase of cost to the general public by requiring them to go to licensed practioners. THE MANDATED CONTINUING EDUCATION portion of the bill is supported by most individuals and organizations of our profession. We do take exception to the part of the bill that would require us to pass an exam in afield we do not practice and or the expense of getting a masters degree or law degree just to do tax returns. NATP as well as others have asked congress to do away with this portion of the bill by grandfathering preparers like myself who hold credentials in tax preparation but are NOT CPAs attorneys or EAs. A favorable option has been the licensing requirement for the state of California. California and Oregon are currently the only states that require licensing of their tax preparers. UNIVERSALS PROFESSIONAL TAX PREPARER PROGRAM IS ACCEPTED TO MEET THE REQUIREMENTS FOR BOTH STATES.

[Roger]

The Eighth edition is the current edition.

[Cicero]

Richard Noot wrote: certifiedbookkeeper wrote: Thank you, Richard. I understand accounting hasn't changed in 500 years or so, but I am curious as to how often UA updates their PB course material and the year it was last updated.

You brought up something I wasn't aware of; that payroll providers are now considered tax preparers. Do you know of a website where I could learn more about this and the tax preparer licensing bill? Thank you.

You can find some info at http://www.natptax.com/govt_relations.html.

As far as licensing goes this has been an on again off again thing with congress for the last 3 years. It flaired up again when Jackson Hewitt was cited at some of its offices by the IRS. Most representative organizations for tax preparers have kept close tabs on future legislation with our interests in mind as weel as the public we serve. The main concern is congress in its uninformed ideas will pass a bill that would require only CPAs attorneys and EAs to do tax returns for a fee. Since the majority of tax preparers are not CPAs or EAs and do NOT do Corp Partnership or Estate returns the result would be the loss of a large pool of qualified providers and an increase of cost to the general public by requiring them to go to licensed practioners. THE MANDATED CONTINUING EDUCATION portion of the bill is supported by most individuals and organizations of our profession. We do take exception to the part of the bill that would require us to pass an exam in afield we do not practice and or the expense of getting a masters degree or law degree just to do tax returns. NATP as well as others have asked congress to do away with this portion of the bill by grandfathering preparers like myself who hold credentials in tax preparation but are NOT CPAs attorneys or EAs. A favorable option has been the licensing requirement for the state of California. California and Oregon are currently the only states that require licensing of their tax preparers. UNIVERSALS PROFESSIONAL TAX PREPARER PROGRAM IS ACCEPTED TO MEET THE REQUIREMENTS FOR BOTH STATES.

Wow. To suddenly lose a line of business to arbitrary government meddling would be really unfortunate. I am going to keep myself up to date and will send off a letter to my representatives. This could hit the pocket book hard.