User talk:Sjpaccounting

From TaxAlmanac

Medical Billing

Not sure if I should have posted this on the thread. Medical billing can be an arduos and complicated task. Depending on the Dr.'s practice you will need to know the 'codes'. There are several companies that process the medical bills for their clients (the doctors) for a fee. But be careful, if there are no internal controls, what is your liabilty? ie. Dr. performs xyz procedures, you code the bills and send request for payment, then track the A/R. What software does he use for his medical billing? If you know QB's and Excell, any medical billing software should be simple to pick up. The liabilty I refer to is , what if he is posting codes that were not performed? Esp. for Medicare / Medicaid check these out: www.mediservinc.com MediServ

good luck!

Sjp "Financial Statements"

Sjp: At this point: If you are just pulling the financial statement off QuickBooks etc., then I would just go ahead and send them to the client (a CPA probably could not do this). I actually think that if you did include a letter, you could get in more trouble than if you just sent the "financial statements". Remember, since you are not a CPA, technically, the FASB rules, and AICPA rules, do not apply to you. But, if you included a letter with the financial statement, that in any way tracked the language of a transmittal letter that a CPA would use, as I say, I think that could be a problem. I was looking at the VA. Society affiliated with NSA http://www.asvacct.org/ , and it looks like VA has some pretty strict laws. Don't worry too much, the more time you spend doing this, you will begin to meet people, and they can show you the ropes up there. Most small clients can get along just fine with the QB financials. If they need an "official" bank loan, then refer them to a CPA, and don't worry, I have personally found the vast majority of CPA's will be very helpful, as long as you tell them you are a bookkeeper. It's a little extra business for them, and it would be very rare indeed for them to try to take your client. Use the word "Bookkeeper" on your letterhead, and let your client (and the CPA) know about your educational background in accounting. After all, you might be a good source of referrals to them for larger clients, and they always need a good bookkeeper to refer people to.

Hi SJPACCOUNTING..

Congrats on undertaking the EA exam. I am also in the midst of taking the exam too. I have passed two of the exams and now studying for Part 2. What state are you from and how do you get new clients?

-Bubzeebub

EA enrollment

Sasha,

First, beautiful picture of yourself and your little one on your profile!

I noticed that you had the same question I had regarding enrollment as a first time EA. I passed may last part yesterday (YEAY) and I am trying to make heads or tails of these nonsensical IRS enrollment regulations.

My SSN ends on 0 therefore the current renewal period runs from Nov 1 through Jan 31 and becomes effective April 1 of 2010.

Since I just passed yesterday, If I were to send in my Form 23 today, I would likely become effective before November 1 and end up with an expiration date of 03/31/2010 like you received. Then I would have to renew again sometime between November 1 and January 31 of next year.

If I am reading the tea leaves correctly (because there is NO information about our situation on the IRS website), I should wait until November 1 to turn in my Form 23 which will be approved before Jan 31 of next year and my expiration date would be 03/31/2011...right? I am part time and empty the business coffers after tax season so I have enough to enroll ONCE and only once this year.

Can you confirm or explain to me where I am incorrect in my thinking?

Thanks,

Michael