Question: 1. In CA, a CPA can take or pay a commission under very limited circumstances. If a online software such as Quickbooks or Freshbooks wants

1. In CA, a CPA can take or pay a commission under very limited circumstances. If a online software such as Quickbooks or Freshbooks wants to take 25% of the bookkeeping fee for use of the platform, will this fit into the definition of a commission. Is this allowed? Is it a disguised lead generator?

2. In CA, a CPA can take or pay a commission under very limited circumstances. The AICPA as different rules on contingent fees. If a payroll service such as ADP or payroll will pay you a contingent fee on referrals or continuous payroll preparation, when would it be acceptable for the AICPA? For CA?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

SOLUTION 1 In CA a CPA can take or pay a commission under very limited circumstances If a online software such as Quickbooks or Freshbooks wants to ta... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1. KelseyCo is a specially sheet-metal manufacturing company that manufactures high-tech sheet-metal products for the electronics industry. All of their Brakes (sheet-metal bending equipment) are...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

commentthecaseofKeriChisolm,ofCostaMesa,California.DescribethereasonsforherdisciplineandhowitreflectsonhercompetenceasaCPA. pdf page 19 UPDATE SPRING/SUMMER 2016 ISSUE NO. 81 PRESIDENT'S MESSAGE One...

Deliverables: 2 x 500-700 word reflection. Linked learning outcomes: 1. Analyse the environments in which an accountant works 2. Develop personal professional skills and capabilities through the...

Please help, this is actually due today and the person who said they would answer this question that was initially due last night. Thank you for the help if possible. I need help with putting the...

CERTIFICATE IV IN FINANCE AND MORTGAGE BROKING - FN540820 Page 1 UNIT 3 - COMPLY WITH FINANCIAL SERVICES REGULATION AND INDUSTRY CODES OF PRACTICE Unit Code: FNSFMK515 This unit describes the skills...

Commissions In the following circumstances, use the AICPA rules for commissions and the CA CPA rules for commissions to explain when you could take a commission or not.Also, explain the reasoning why...

Question 7 The layout of a poster must achieve two of the following, choose the correct two should show the advantages and disadvantages of a poster should present both a topic and the writer to the...

For each of the 3 ionic compounds, select the main group element"X" belongs to... a) X3PO4 b) CaX2 c)X2(SO4)3

The Investment Company Act of 1 9 4 0 regulates the activities of: Select one: a . Credit unions. b . Insurance companies. c . Financial planning services. d . Mutual funds.

Asher Farms, Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. Asher Farms sells ice pack,...

a. What are the total expected cash collections for the year under this revised budget? Expected cash collections for the year b. What is the total required production for the year under this revised...

Mr. LN. Vestor is retired and slowly selling some of his assets to supplement his retirement income. He wants to have some idea of how much tax he is going to owe for 2020 on the asset sales that...

Using proper form, provide the required entry for Eilish to record $800 of wages for the workers working on the assembly line to make machines. Hint: Ask what kind of cost it is (period or product? ...

Suga Sdn Bhd (SSB) manufactures sugar in Kuching, Sarawak. Its paid- up capital of ordinary shares as at 1.1.2022 was RM15 million. SSB closes its accounts to 31.12. every year. SSB has financial...

Most supply chain relationships that are characterized as alliances have been initiated by the customer rather than the supplier. True False

What are the main benefits of using a data dictionary?

List four reasons why the systems analyst would want to sample data or select representative people to interview.

Within your group, assign some of the roles that people take on in agile development. Make sure that one person is an onsite customer and at least two people are programmers. Assign other roles, as...

The makers of Mini-Oats Cereal have an automated packaging machine that can be set at any targeted fill level between 12 and 32 ounces. Every box of cereal is not expected to contain exactly the...

A sample taken from a population yields a sample mean of 58.4. Calculate the p -value for each of the following circumstances: a. HA: > 58, n = 16, = 0.8 b. HA: 45, n = 41, s = 35.407 c. HA: ...

The National Club Association does periodic studies on issues important to its membership. The 2008 Executive Summary of the Club Managers Association of America reported that the average country...