Pam Weekley & Associates

Tax and Accounting

Pam Weekley MBA, EA

Professional ~ Personal ~ Proven

Frequently Asked Questions

 
Enrolled Agents are federally licensed tax practitioners with unlimited rights to represent taxpayers before the IRS 
Not all paid tax return practitioners are equal!

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  Frequently Asked Questions
Questions? For more information
call us today at 760.625.5549
 or email us at:  info@pwtaxandaccounting.com

 

 
1. What is bookkeeping?
Bookkeeping is the task of analyzing and recording financial transactions of a specific type (e.g. sales and payroll).
 
2. What is Financial Accounting?
Financial Accounting is the process of developing and using accounting information to make business decisions, which involves organizing and presenting financial information in financial statements. The major focus in on the past.
 
3. What is Managerial Accounting?
Managerial Accounting is the process of using historical and estimated information to help managers plan for the future. The major focus is the future.
 
4. What is Tax Accounting?
Tax accounting is the accounting specialty that involves planning and preparing for taxes and filing tax-related information with governmental agencies.

 

5. What is Financial Management?
Financial Management is the process of organizing, analyzing, interpreting, recording, summarizing, and reporting financial information in ways that are meaningful for owners, managers, and other internal users and for lenders, governmental agencies and other external users. Also referred to as accounting.
 
6. What is Auditing?
Auditing is the accounting specialty that involves studying a company's internal controls and analyzing the basic accounting system to assure that all financial information is properly recorded and reported.

 

 

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Tel: 760.625-5549 ~ Fax: 888.804.5438

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Last Modified:  10/23/17
   

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NAEA - National Association of Enrolled Agents

NATP - National Association of Tax Professionals CSEA - California Society of Enrolled Agents    
               
   

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IRS Circular 230 Disclosure
Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.
     

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