Question:
my mom is looking to transfer to become a CPA...she alreayd is an accountant/pharmacist but all she has to do is take an exam and become a CPA..she is very intelligent and she had this opportunity before but became a pharmacist instead-
my question is how much would she make as a CPA?
Answers:
The sky is the limit...to quote a cliche'. It depends. Some states require you, after passing the exam, to start out with an accounting firm like an apprentice, so to speak. This enables you to get your feet wet and gain some valuable real world knowledge and experience. Check out salary.com to find out what other C.P.A.s are earning in your area. This will give you some idea of what they make.
Some states require you work for a accounting firm for up to 5 years before you can start your own practice. This is where your earning potential is limited only to your experience and time. If your mother already has some accounting experience, she may make a very nice living. With a nice living comes nice expenses. In order to gain a client base, she may have to seek out a store front or an office outside of her home. Then there's errors and omissions insurance which can be pricey too. It's somewhat expensive to own your own accounting practice, but the beauty of it is once you have built a client base that trust and value your service, your clients then become your advertising. Word of mouth is the best and cheapest advertising.
It's difficult to answer your question because they are so many variables at play. Your mother has experience, if she has any kind of people skills, she should do well as a C.P.A. Some earn as much as doctors and others work part time and earn as much as teachers. You are only limited by your time and experience in this field. Tell her good luck.
Generally a Pharmacist makes much more than an accountant (CPA).
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