I am pleased to announce that I have obtained an Iowa “Licensed Public Accountant” designation and have formed a public accounting firm — Dinesen Tax & Accounting, P.C.
LPAs in Iowa are similar to CPAs in that we can practice public accounting. The difference is, LPAs can’t do audits of financial statements. As a solo operator, I’m not really in a position to conduct audits anyway, so the LPA meets my needs by allowing me to provide a higher level of accounting services to business clients.
For the time being, Dinesen Tax, Inc. will continue to exist alongside Dinesen Tax & Accounting, P.C. I’ll slowly be transitioning everything over to Dinesen Tax & Accounting, P.C. and will be dissolving Dinesen Tax, Inc. There are many things that need set up, some large (applying for an electronic filing ID # with the IRS) and some small (updating letterhead, etc.).
I’ll be sending more information by mail and e-mail to clients in the next few weeks.
And look for more blog posts in the future that talk about why I pursued the LPA designation and decided to form a public accounting firm.