Glenna L. Pound, CPA is a fully licensed accountant practicing in Stowe, Vermont. She is able to perform specialized tax, audit and accounting work for her clients. Glenna holds a valid Vermont license and is a member of the American Institute of Public Accountants (AICPA), the Vermont Society of Certified Public Accountants (VSCPA) and the Government Finance Officers’ Association (GFOA).
Why you need a CPA
Certified Public Accountants (CPAs) are required to pass an exam administered by the American Institute of Certified Public Accountants (AICPA) and they must meet a combination of educational and or work experience before they may be licensed by the State. Once a CPA is licensed by a state, the CPA must meet the state’s requirements for maintaining the license. Often this requires 80 hours of continuing education with an ethics course in a two year period.
CPA firms are registered and licensed with the State. In Vermont, the Secretary of State, Office of Professional Regulation monitors CPA firms. The link http://www.vtprofessionals.org provides access to the Office of Professional Regulation. In addition, CPA firms are required to have a peer review every three years. The process reports the firm’s quality over attestation engagements.
With the requirements of continuing education and monitoring the firm’s quality control, a CPA may provide informed services to clients in both public and private sectors
The CPA provides assurances that the financial statements are fairly presented in accordance with generally accepted accounting principles.
The CPA provides limited assurance that the financial statements are fairly presented in accordance with generally accepted accounting principles.
The CPA provides no assurance that the financial statements are fairly presented in accordance with generally accepted accounting principles.
The firm assists individuals and organizations with accounting services utilizing Peachtree® or QuickBooks® accounting software.
The Firm provides tax services to a select group of individuals, as well as partnerships, for profit corporations and not for profit organizations.
Glenna L. Pound, CPA is available to perform your Peer Review engagement.
The new Tax Bill explained...
The Tax Cuts and Jobs Act (H.R. 1) has been approved by Congress and signed by President Trump. After a last-minute procedural glitch that required the Senate to vote first on the final bill, the most sweeping change to the U.S. tax code in decades cleared the Senate, 51 to 48, in the early morning hours of December 20, followed by House approval, 224 to 201, later the same day. President Trump signed the bill into law at the White House on December 22, 2017.
H.R. 1, as approved by Congress, impacts virtually every individual and business on a level not seen in over 30 years. As with any tax bill, however, there will be "winners" and "losers." This historic bill calls for lowering the individual and corporate tax rates, repealing countless tax credits and deductions, enhancing the child tax credit, boosting business expensing, and more. The bill also impacts the Affordable Care Act (ACA), effectively repealing the individual shared responsibility requirement. Most provisions are effective starting in 2018.