As a CPA, you have to be extra careful about the changing accounting practices, tax laws and regulations. Like other professionals in different industries, CPAs are required to take up continuing education courses by their state accounting boards. In this post, we will discuss quick aspects of CPA CPE requirements.
Know your state requirements
CPE stands for Continuing Professional Education. If you are a CPA, you have to complete the necessary CPE requirements for renewing your license. These requirements vary by state, but most states ask CPAs to complete a minimum of 20 CPE hours each calendar year, with an average of 40 CPE hours per year. Experts advise accountants and tax professionals to review their state requirements on a periodical basis to know the possible changes. Apart from the uniform CPE exam, you also need to take up an ethics course. The requirements for ethics course also varies with state, so the Ohio Ethics CPE exam can be different from that of Wisconsin.
Completing your CPE hours/credit
There are many ways to complete CPE requirements. Right from attending live seminars, training programs and webinars to self-study and traditional classroom classes, CPAs have many options. Since most accountants are busy with their professional commitments, it is often hard to attend training programs and regular classes. The best choice is to go for online courses. There are some incredible sites, where you can find all sorts of options, including OH Ethics CPE courses. Keep in mind that some states do have a cap on the credits you can receive through self-study, which you might want to check. While choosing a website for CPE courses, keep an eye on cost and overall support offered by the portal. The website should ideally offer affordable options along with free course materials for CPAs.
CPAs often push their continuing education for the last minute, owing to professional work, which isn’t a great idea. Keep in mind that missing credits can mean suspension of your license, and in some cases, it can even lead to revocation. All you need is a few hours each week to complete all CE requirements. If you start early, you can plan to take up options that are beyond your compulsory program. At the end of the day, continuing education is important for your career prospects in the long run. Define your long-term career goals and start preparing today by choosing the right courses!