Dually-licensed Attorney-CPAs Offer Best Of Both Worlds

There are myriad options available when it comes to selecting the professionals you will utilize in your business and personal life, but the two most common are likely a CPA and an attorney.
Dually-licensed Attorney-CPAs offer a far more advanced and superior option than an expert in just a single field.
The skillsets required for both of these specialists are unique; the attorney must be able to devise creative and persuasive solutions within the constraints of the law, whereas the CPA must be painstakingly organized with a meticulous attention to detail to avoid costly financial errors.

Although both professions require a different sort of mindset to achieve success in their respective fields, the qualities that make up a good attorney and a good CPA are remarkably complementary. For this reason, a dually-licensed Attorney-CPA can be an exceptionally powerful asset.

Practical applications of dual-qualification

Dually-qualified professionals will typically find a niche in one of their disciplines, meaning they will primarily practice in various areas of law or somewhere in the accounting field. Nevertheless, the additional training will likely impact their work in remarkably beneficial ways.

Consider the Attorney-CPA who primarily practices law:

One of the most common witnesses used in trials are financial advisors. When your attorney is equally as trained in accountancy as a witness of the opposing party, they are much more qualified to cross-examine and refute their testimony.

This could potentially be the difference between winning and losing a case, since an attorney who is not trained in finance may have trouble understanding and countering their claims.

Now take the Attorney-CPA who primarily practices accounting:

There is a good chance that a CPA will someday wind up being a witness in court because the job often entails auditing and preparing financial documents for businesses. However, many CPAs in this situation are unprepared for the litigation process and will be ill-equipped to present their facts and figures in a suitably persuasive manner that a judge or jury can understand.

Having the trial education and training of an attorney will ensure that if your business ever winds up on the wrong end of a lawsuit, your Attorney-CPA will be able to present the best case to help defend your interests.

And while these are two examples where dual licensing enhances the ability of your hired professional to perform their assignment, there are plenty of other situations where an Attorney-CPA is a superior option, including:

  • Preparing tax documents if you are audited;
  • Defending you before the IRS;
  • Drafting estate planning documents;
  • Serving as an expert witness for any sort of financial litigation;
  • Representing you in divorce or drafting prenuptial agreements;
  • Overseeing due diligence for merger and acquisition transactions; and
  • Consulting or advising business development and operations.

In essence, any reason you may consider soliciting the services of an attorney or accountant will benefit by the hiring of a dually-licensed Attorney-CPA.

An enhanced perspective

While your typical attorney or CPA is trained to think a certain way through their focused education, a dually-licensed professional offers the advantage of a more comprehensive objectivity; they are able to view and solve problems with the ingenuity of an attorney combined with the resourcefulness of a CPA.

The integration of these skillsets can be incredibly valuable, as your Attorney-CPA can draw from experiences in both industries as they assist with your legal and financial requirements.

You can also feel confident in their motivation and diligence when it comes to meeting your needs due to the staggering amount of work and effort that goes into attaining accreditation in both of these technical fields — it requires a special person with significant drive to go through essentially double the education and certification testing necessary to achieve dual-accreditation.

This is something that a client clearly wants to see in the personality of a professional who will be trusted to handle serious and complex responsibilities that can have a substantial impact on their future.

When you are selecting a professional to protect you legally or financially, it is important to choose the most qualified individual. For this reason, dually-licensed Attorney-CPAs offer a far more advanced and superior option than an expert in just a single field.

Don’t get stuck with professional tunnel vision; consider the enhanced perspective of a dually-licensed Attorney-CPA.

AAA-CPA Listserv ‘Alone Is Worth The Annual Dues’

From discounts with numerous retailers to earning your CPE and CLE credit simultaneously, the American Academy Of Attorney-CPAs offers a number of useful resources to its members. However, one of the most beneficial (and often underappreciated) is the AAA-CPA Listserv, which connects all members of the organization regardless of where you practice.

Utilizing this service offers an almost incalculable value, as you are able to draw on the combined knowledge and expertise of hundreds of dually-licensed practitioners from a variety of backgrounds and experiences.

Additionally, the Listserv offers a sense of community and camaraderie by increasing your network of like-minded professionals across the country — something that would typically be very difficult to accomplish due to the exclusivity of dually-licensed Attorney-CPAs.

A wealth of knowledge at your fingertips

“The Listserv alone is worth the annual dues.”
Matthew McBride
AAA-CPA Member
Marine City, MI

Whether you have been a practicing attorney or CPA for 5 years or thirty, you are never going to have all the answers. You are bound to have a problem come up at some point that leaves you scratching your head or at least unsure of exactly how to proceed.

The AAA-CPA Listserv offers a go-to resource to seek advice and guidance from hundreds of professionals in your field. You are able to start a discussion regarding extremely technical aspects of accounting or law and receive real-time input that is sure to tackle the problem from every angle, guaranteeing that you do not miss anything.

The combined experience of the organization available at your fingertips is an invaluable resource, as you will not be able to access this exclusive knowledgebase anywhere else.

It is also particularly useful for solo practitioners, since you do not have an entire firm of experts available to help brainstorm solutions to complex problems.

The AAA-CPA Listserv offers small firms and practices a resource that is potentially even greater than what is available to the largest law or accounting firms.

Bringing Attorney-CPAs together

The Attorney-CPA designation is exceedingly unique, leaving individuals who hold a dual-certification in fairly exclusive company. Even in major markets, you are unlikely to have a large number of local dually-licensed attorneys or CPAs available to be a part of your professional network.

In addition to serving as a tool to aid your practice, the AAA-CPA Listserv expands your access to professionals with equivalent credentials to a network that spans the country.

You are able to get to know other like-minded individuals from a variety of different practice areas, offering you the opportunity to make new friends and colleagues from the comfort of your home or office.

You are also able to find individuals who specialize in different areas than your own area of expertise to become a point of contact for problems that are out of your comfort zone.

And since the member base focuses on a wide variety of practice areas, the Listserv becomes an excellent referral source for clients who may need an expert in a different jurisdiction or with different skillsets.

For example, you may have a local client come in who has needs guidance on an issue out of state. By a simple post in the Listserv, you will be able to refer your client to an equally-qualified individual that can provide for their needs in less than 24 hours.

While some of the American Academy of Attorney-CPAs benefits have value that is more tangible, none offer more potential worth than the AAA-CPA Listserv.

Through an improved network of dually-licensed professionals that offers an excellent referral source and a wealth of unparalleled knowledge in the field, the Listserv alone is worth membership in the organization.

The Benefits Of A Dually-Licensed CPA

There are many situations that require the assistance of a skilled financial advisor and even more where professional guidance is beneficial. From improving your credit rating and reducing debt to starting a business or managing real estate, having an experienced accountant you can turn to can save you many headaches in the future.

However, selecting the right advisor for you can be taxing, as the financial field includes countless different specializations and credentials.

A good bet for most is to start your search with a Certified Public Accountant, the most versatile, trusted and recognized financial designation out there due to the rigorous study and comprehensive accounting knowledge that is required.

But even CPAs have certain limitations in their ability to assess and represent all your financial needs — particularly when they cross over into areas of law.

A more diverse skillset

With all the overlap between the legal and financial worlds, a dually-licensed Attorney-CPA is by far the superior choice to offer a more complete range of services due to their broad perspective and extensive education.

Many dually-licensed Attorney-CPAs achieve both certifications, but end up practicing primarily one field over the other due to their personal preference. By retaining a practicing CPA who carries a law degree, you increase the services your financial professional can potentially offer.

For example, lawyers can specialize in a diverse range of legal fields. A common area for attorneys to practice is the preparation and execution of trusts, and while CPAs may have some estate-planning knowledge, they typically will not have the legal familiarity to accurately advise on this subject.

However, a dually-qualified Attorney-CPA will have studied estate planning and trusts in law school and may have even practiced in that field at some point over the course of their career.

Should you have the desire to find out more about the financial implications of a trust or have the desire to set one up, you would not have to seek out a new professional — you could feel confident that your CPA is qualified to offer well-informed and educated advice regarding the specific details of this complex financial device.

A more versatile financial professional

Another benefit to the dually-licensed Attorney-CPA is in the realm of tax preparation and defense, a common reason many seek out a CPA.

Both tax attorneys and CPAs offer services in this area and their expertise can overlap, but each performs distinct tasks. For example, CPAs are often responsible for the preparation of tax returns and submission to the IRS, whereas the tax attorney specializes in specific legal ramifications of the overall tax planning process.

The separation between these services becomes more distinct when a case must be taken before the IRS. While your standard CPA may be useful in helping to build your case since they most likely prepared the returns, a tax attorney is better equipped to represent clients in the courtroom.

A dually-licensed Attorney-CPA has education and training in both fields, so they can potentially save you the trouble (and cost) of hiring a second professional should you ever be investigated by the IRS.

While a CPA is qualified to handle a wide variety of financial issues, the addition of a law degree adds an extra layer of versatility. When considering which financial professional is right for you, there are a number of aspects you need to consider given your specific circumstances.

However, you would always want to find the most qualified individual when it comes to something as important as securing your financial future. In this case, a dually-qualified Attorney-CPA is your best option since they offer a more comprehensive range of services with the education to back it up

AAA-CPA: The Only Organization For Dually-Certified Attorney-CPAs

For dually-licensed Attorney-CPAs, only the American Academy of Attorney-CPAs is tailored toward your diverse skillset.
There are a plethora of professional organizations in the legal and accounting sectors ranging from state Bar and AICPA associations to more specialized groups focusing on particular areas of practice.

With all the choices available and each owning specific membership requirements and yearly dues, it can be difficult for an attorney or accountant to determine which organizations are worth the time, effort, and money to join.

To further complicate the decision, dually-licensed Attorney-CPAs have it even harder since they are qualified in both fields, essentially doubling the pool of professional organizations they have to choose from.

However, one organization stands out as the exceptional option for these uniquely qualified individuals: The American Academy of Attorney-CPAs.

The only organization for your unique skillset

There are many advantages to joining professional organizations, such as professional development, networking opportunities, and continuing education. However, only the American Academy of Attorney-CPAs tailors their association toward the particular needs of dually-certified professionals.

Attorney-CPAs combine a special combination of talents, and the requirements to maintain both accreditations are significant.

AAA-CPA tailors our programs and benefits specifically to the needs of dually-qualified professionals, including the ability to earn both CPE, CE and (m)CLE credits simultaneously, unique dual-liability insurance that covers both professions, discounts from a variety of different companies, networking events throughout the country, and more.

Through unique services like the listserv, AAA-CPA members are exposed to a variety of dually-licensed professionals working in many different fields.

Being a part of the AAA-CPA organization exposes members to an assortment of professionals with experience and expertise in a number of law and accounting fields, creating an invaluable referral network spanning the country.

AAA-CPA protects your right to dually practice

For more than 70 years, the American Academy of Attorney-CPAs has worked tirelessly to protect the rights of dually-licensed attorneys and accountants  to practice both of their professions.

Despite numerous attempts to block dual practice over the decades, AAA-CPA has fought to ensure dually-certified Attorney-CPAs are allowed to continue their trades and advertise their unique qualifications.

After years of battles both in and out of the courtroom, dual practice is now fully allowed without any sort of restrictions on advertising your credentials. The diligent work of Attorney-CPAs over the years has paid off by allowing dually-qualified professionals to practice without fear of legal or ethical issues.

Join a long history of exclusive practitioners

The exhaustive list of professional organizations in the legal and accounting fields can be overwhelming, particularly when you consider keeping up on yearly dues and events for multiple associations.

However, for dually-licensed Attorney-CPAs, only the American Academy of Attorney-CPAs is tailored toward your diverse skillset.

Membership benefits, events, and services are specifically designed to meet the educational needs of your extensive qualifications, and AAA-CPA is the only organization you can rely upon to stand up for your rights as a dual-practitioner.

By joining, you become a part of a long history of dually-licensed professionals who have fought for — and won — the right for you to continue dual practice.

Attorney-CPAs own a distinct combination of talents, intelligence and determination; don’t you deserve to be a part of an organization that works to meet your unique needs?

Why Aspiring Lawyers Should Consider A CPA License

Becoming an attorney is no easy task: it requires an undergrad degree, gaining admission to law school by passing the LSAT, getting through three years of often tedious coursework with classes that have little room for error, and passing a state’s Bar exam,.

However, law school graduates are having more and more trouble finding jobs, and the problem doesn’t seem to be ending soon. With skyrocketing student loan debt, this clearly presents a problem for new lawyers.

One alternative would be to seek additional credentials, such as a CPA license, to pad your resume or even direct you to a new career path.

A stagnant job market for lawyers

What is often considered to be a prestigious career track that should hold many job opportunities, recent law school graduates saw the lowest number of new lawyers land private sector jobs in 20 years.

Combined with a meager 6 percent projection on attorney job growth over the next 10 years, it does not appear that trend will be changing anytime soon.

Attributed to improved efficiencies created by technology and business systems, the grim outlook for attorneys finding well-paying entry-level positions in the future means prospective law school graduates need to at least find ways of standing out from their peers — if not qualify for new job opportunities all together.

Accounting market looks optimistic

Meanwhile, with 11 percent projected growth over the next 10 years, accountants and auditors are expected to see plenty of future opportunities open up.

This presents a good opportunity for aspiring lawyers to select accounting as an undergraduate degree before attending law school, as the background in finance not only is a great skillset to have in general, but also serves as a fallback option should you find yourself in a tough job market.

Complementary certifications

As two fairly difficult and educationally intense careers, it is fair to question why someone would want to achieve qualification as both an attorney and a CPA — wouldn’t it be easier to simply choose one?

Becoming dually-qualified will help you excel in either industry by giving you are far more in-depth understanding of many financial and legal principles that form the foundation of both fields.

There is a surprising amount of crossover when it comes to finance and law, and either a practicing attorney or practicing CPA will benefit from having the skillset that comes with dual-qualification.

Whether you are an attorney who understands balance sheets better than your peers or a CPA who knows the fine points of the litigation process, becoming a dually-qualified Attorney-CPA will serve to open new doors and can only help you achieve a successful career.

AAA-CPA Offers Exclusive Dual-Practice Liability Insurance

Professional liability insurance, also known as Errors and Omissions Insurance, is essential for even the most diligent of lawyers and accountants for two reasons:

  1. You cannot definitively rule out the possibility that you will someday make a mistake that costs your client financially; and
  2. In our Compensation Culture, it is entirely possible for a client to perceive an error and pursue a case against you regardless of whether a mistake was truly made.

Any claim of negligence would expose you to possible liability. Even if the claims are eventually dismissed, the litigation costs of frivolous lawsuits can still cost thousands of dollars.

However, there is no such thing as a standard E&O plan, as professionals in different fields require unique policies based on their exposure risks — an attorney and a CPA perform different responsibilities for clients, so the policies would need to be customized based on the tasks performed.

That leaves many dually-qualified professionals in a tough position, possibly requiring multiple policies with different providers to fully cover their practice.

Fortunately, the American Academy of Attorney-CPA has developed a unique liability policy that covers dual-practice Attorney-CPAs under one plan.

Unique liability insurance for unique professionals

Dually-licensed Attorney-CPAs are unique in their qualification to practice law while also providing the services of a CPA. However, having the ability to perform a dual role to clients also opens them to additional liability.

As an organization that understands these challenges, AAA-CPA has worked to create a special Errors and Omissions insurance plan to encompass both practice areas.

Unlike most professional liability plans, the academy’s Hays Affinity Professional Liability Insurance, underwritten by Lloyd’s of London, defines its coverage to include a comprehensive list of legal and accounting professional services.

This makes holding separate law and accounting policies unnecessary and eliminates the possibility your different insurance carriers would try to deny coverage based on the area of practice relating to the other policy.

 Extensive coverage for dual-practitioners

From executor to tax advice, the Hays Affinity Professional Liability Insurance defines specific roles in the legal and accounting fields to ensure your right to practice as both an attorney and a CPA are protected.

With a broad range of limits of liability and various deductible options, the AAA-CPA dual-liability insurance allows you to customize your policy to fit your individual needs of professional coverage for services rendered as both an attorney and CPA.

Offering protections from actual or alleged errors, omissions, negligence, breach of duty, misleading statements, and similar claims resulting from the performance/non-performance of professional services, you can feel safe in your practice that even frivolous lawsuits won’t have a major impact on your future.

Both attorneys and CPAs are at risk of a malpractice suit materializing at any time, and dually-licensed professionals increase their exposure to the possibility by offering services in both industries.

It is vital that dually-licensed professionals have a safety net to protect themselves, as the costs of defending yourself out-of-pocket can be financially devastating for a small firm or solo practitioner.

The American Academy of Attorney-CPAs unique dual-liability coverage is the best option for a dual-practice professional.

Specifically written to cover a wide range of legal and accounting services, the Hays Affinity Professional Liability Insurance covers all your bases with one policy, leaving you free to work without fear of losing your livelihood due to a mistake or frivolous claim.

AAA-CPA Simplifies The Search For Your New Attorney & Accountant

Whatever your reasons are for seeking the services of an attorney or CPA, you want to find the best possible candidate to meet your needs.
AAA-CPA is the logical starting point in your search for a well-rounded professional to handle your legal or financial needs.
This usually means meeting with multiple lawyers or accountants to narrow your search based in large part on certain professional characteristics — a process that can be difficult and time-consuming.

However, taking specific credentials into consideration can make the decision easier.

Dually-qualified members of the American Academy of Attorney-CPAs, who are licensed to practice both law and perform the tasks of a CPA, possess the talents and ability necessary to meet a variety of your legal and financial needs.

Regardless of the profession that an Attorney-CPA emphasizes, having learned professional skills through the viewpoint of two complementary industries gives an Attorney-CPA a far more comprehensive perspective.

Starting your search with AAA-CPA members will often simplify the selection process by allowing you to consider well-rounded professionals who possess a superior skillset.

A combination of professional qualities

When someone needs to hire an attorney or CPA, there are certain qualities they want the professional to embody. Some of these include:

  • Up-to-date knowledge — Law and accounting practices are constantly evolving. If you are hiring someone to manage your business’ money or help you resolve a legal problem, you want to be sure your professional is informed on the latest industry trends and regulations.
  • Honesty — You want an attorney or CPA who is going to shoot straight with you and not simply tell you what you want to hear. When you need a lawyer or accountant, there will likely be serious ramifications depending on the choices you make, so you need to ensure your professional is up front about your options.
  • Analytical & resourceful — Whether you are dealing with personal finance or trying to sort out asset division in a divorce, you need an accountant or attorney that is able to view problems from all angles and devise creative solutions to get you the best possible outcome.
  • Good communication skills — Your attorney or CPA needs to be able to break down complex legal and financial jargon in a way that you as a client can understand. Additionally, you want a professional who will listen to your concerns so they don’t miss any pertinent information.

Although other characteristics should be considered, such as experienced, organized, and ethical, there is clearly a great deal of crossover when it comes to the qualities you should be looking for in an attorney or accountant.

This makes the American Academy of Attorney-CPAs a great place to start your search since members have the education and experience of two professional industries in one person.

Benefits of AAA-CPA members

Regardless of whether they are primarily working as an accountant or practicing law, a dually-licensed Attorney-CPA offers clients superior service due to their extensive education and training in two highly-technical fields.

Not only are they able to view problems through the lens of both an accountant and a lawyer, but they also have had the opportunity to learn professional qualities in two different settings. This combination can offer a far better perspective than someone who has only been trained in one field.

Additionally, with access to a number of exclusive resources provided by the American Academy of Attorney-CPAs, members are much better equipped to handle problems you may have.

For example, the AAA-CPA Listserv connects the entire organization, which consists of an international membership base practicing a diverse range of legal and accounting concentrations.

The ability to access a vast network of experienced attorneys and accountants means your attorney will be able to find answers for even your most obscure questions. They are also able to provide quality referrals should you or someone you know need an out-of-state expert or someone who specializes in different area of practice.

And with more than a dozen committees designed to keep members knowledgeable on the latest changes in a variety of legal and financial practice areas, you can feel assured that your Attorney-CPA is well-versed in current industry trends and regulations.

Should the time come that you need to seek the services of a lawyer or accountant, don’t become overwhelmed trying to find the right fit.

The American Academy of Attorney-CPAs is the logical starting point in your search for a well-rounded professional to handle your legal or financial needs.

Through rigorous education and balanced experience, beginning with a dually-qualified AAA-CPA professionals will greatly simplify the selection process for your law or accounting needs.

Simultaneously Earn Continuing Education Credits With AAA-CPA

One of the greatest advantages to joining a professional association for attorneys and accountants is the ability to earn your yearly continuing education requirements by attending organization events.

This is particularly important for dually-licensed professionals, as the obligation for maintaining two professional licenses is far more cumbersome.

As the only organization dedicated to serving dually-licensed Attorney-CPAs, the American Academy Of Attorney-CPAs understands the unique challenges of dual certification and offers several convenient ways to earn your CE, CPE, and (M)CLE credits.

Registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education, AAA-CPA is able to provide a variety of continuing education courses to help you simultaneously obtain credits for both your law and CPA license.

Through national and local meetings, webinar study groups, strategic partnerships, and more, AAA-CPA works to provide members with a simple solution to keep up with their yearly educational requirements.

National meetings

The American Academy of Attorney-CPAs two biggest events — the Fall Meeting in November and the Annual Meeting in the Summer — offer ample opportunities to not only network with other dually-qualified members from across the country but also catch up on all your education requirements.

Both conferences offer 15-20 hours of CE, CPE, and (M)CLE credits helping you simultaneously earn your yearly requirements for both licenses.

Study Groups

Each year, AAA-CPA hosts a number of complimentary hour-long webinars that are moderated by a member of the organization, which cover a variety of industry-related topics. Some examples include Tax Practice Ethical Standards, Charitable Remainder Trusts, Financial Elder Law Abuse, and more.

For a $15 fee, members can receive 1 hour of CPE, CE or (M)CLE credit for attending each study group (subject to state approval) from the comfort of your home or office.

Regional chapters

With regional chapters spread across the country tasked with devising and hosting local meetings and activities throughout the year, regional events offer AAA-CPA members the chance to meet with other dually-licensed professionals in their area.

Additionally, regional chapters provide opportunities for members to obtain their CPE, CE and (M)CLE credits without excessive travel demands.

Synergy Summit

The American Academy of Attorney-CPAs is a proud member of the Synergy Summit, a collaboration of eight major financial and legal service organizations that include AICPA-PFP, AICPA-Tax, NAELA, ABA RPTE, and more.

As a AAA-CPA member you can receive discounts when attending Synergy Summit events to reduce the financial burden of obtaining your CPE, CLE, (M)CLE, and CE credits.

Keeping up with your continuing education requirements is critical for every attorney or CPA, but for dually-licensed professionals, it can become even more challenging to find the time to attend both law and accounting events.

The American Academy of Attorney-CPAs strives to offer convenient options for members to earn their credits simultaneously, which diminishes the stress of maintaining dual certification and leaves you more time to dedicate toward your career goals.

Tax Attorney vs. CPA: Why Not Hire A Two-In-One?

Whether you are seeking a professional to assist with tax issues on personal or business-related concerns, it can be difficult to determine exactly which expert best fits your needs; there are so many financial advising specializations with innumerable designations that it eventually seems to become a confusing jumble of letters on a business card.
It is easy to see why small businesses would benefit from hiring a dually-certified Attorney-CPA.
However, two of the most reliable and well-known professionals that can aid you with various tax problems are the tax attorney and the CPA, both of which offer different — though often overlapping — services.

Tax attorneys and CPAs can both assist with a variety of your tax needs, yet there are distinct limitations to what roles they can play on their own.

This is why hiring a dually-certified Attorney-CPA is the smarter way to go, as they can provide a more comprehensive level of service due to their background and education in both highly technical fields.

The role of a tax attorney

Tax attorneys are lawyers who have gone through law school, passed their state’s bar exam and emphasize tax issues in their practice.

Unlike CPAs, who are skilled in managing financial records and preparing tax returns, the tax attorney is more planning and dispute-oriented; meaning they are primarily trained to help minimize a business’ tax liability through the structuring of assets or to represent them through tax-related litigation.

While CPAs are authorized to represent clients in IRS disputes, they typically do not have the training or experience that a tax attorney would have when it comes to representing a client. If you are facing an audit with the potential for harsh penalties, a tax attorney would be the better choice due to their negotiation skills and intimate knowledge of legal principles and case law.

Tax attorneys also offer one major benefit that a CPA does not — confidentiality. Any information you provide your tax attorney is protected by client-attorney privilege, meaning they cannot be forced to testify against you.

This offers a distinct advantage if you are dealing with possible criminal charges from the IRS and you wish to prevent conversations with your tax expert from inadvertently being used against you.

The role of a CPA

CPAs dedicate their education — which is extensive — to a broad range of accounting fields. From auditing and taxation to bookkeeping and business strategy, CPAs are one of the most versatile financial planners available.

Considered the most trusted advisor in their industry, CPAs are a great choice for year-round financial recordkeeping and tax preparation; however, their diverse skillset and stringent education requirements sets them apart from other accounting professionals.

While a CPA is one of your best options when it comes to filling out those convoluted IRS forms come tax season, they can also serve as a principal advisor for many different financial decisions, including estate planning, investment and real estate advice, certain IRS problems and more.

However, one of the most beneficial services a CPA can offer is the ability to review or audit a business’ financial records to identify problem areas that need improvement, as well as where you are in good standing.

This can not only help you make better-informed business decisions, but also ensures you are in compliance with IRS regulations to help you avoid future tax penalties and can even help your business achieve better interest rates.

The benefits of a dually-certified professional

While a tax attorney is typically reserved for more specific and complex tax issues whereas the CPA is usually utilized on a more regular basis to keep your financial records in order and prepare your taxes, the advantages of having a two-in-one professional are hard to overstate.

Not only do dually-licensed Attorney-CPAs have the financial background to understand the intricate details of your company’s balance sheets, but they are also able to advise on business structure to reduce tax liabilities and hopefully help you avoid any trouble with the IRS.

However, should you ever run into any legal trouble regarding your tax filings, your dually-licensed Attorney-CPA would be well-equipped to represent you due to their knowledge of your business’ financial records and their litigation training.

Additionally, you may be able to save money in the long run by hiring one professional who has the knowledge and expertise to advise on both important business decisions while still preforming the routine tasks of keeping your finances running smoothly and ensuring your taxes are professionally filed.

With the improved value of a tax attorney and CPA rolled into one professional, it is easy to see why small businesses would benefit from hiring a dually-certified Attorney-CPA.

5 Reasons To Join The American Academy of Attorney-CPAs

Attorneys and CPAs have plenty of options when it comes to selecting the professional associations they want to join, but only the American Academy of Attorney-CPAs tailors our services to fit the needs of dually-qualified professionals.

With an organizational structure and programs designed to offer exclusive benefits for individuals who went above and beyond to obtain both a law degree and CPA license, AAA-CPA is a great fit for those unique professionals.
Only AAA-CPA customizes their programs to meet the specific needs of dually-qualified professionals.
Becoming a dually-qualified Attorney-CPA demonstrates exceptional determination, intelligence, and ambition, and the American Academy of Attorney-CPAs works to ensure you have the tools you need for a successful career.

The only professional organization specifically created to meet the demands and challenges of dually-licensed Attorney-CPAs, AAA-CPA stands out among other professional organizations in the legal and accounting industries.

Here are five of the countless benefits AAA-CPA offers its members.

Continuing education credits

Attorneys and CPAs must meet yearly continuing education requirements to maintain their ability to practice. For dually-licensed professionals, that means finding the time to attend both law and accounting courses.

AAA-CPA understands how this can be difficult for a busy dually-licensed professional and offers several different programs to simultaneously earn CE, CPE and (M)CLE credits. Simply participating in the organization’s events is an easy way to meet your yearly requirements for both industries.

Various membership options

You do not have to have both your law degree and CPA license to join the organization; in fact, there are many different membership levels available depending on where you are in your career.

Whether you are a student pursuing your degree, you teach higher education law or accounting, you have a law or CPA license and are seeking dual qualification, or you are already dually-certified, AAA-CPA has a membership option that will allow you to take advantage of the many benefits provided by the organization.

Networking opportunities

Abundant professional networking opportunities is one of the most influential reasons to join an industry association, and one of the biggest advantages AAA-CPA has is the ability to connect dually-qualified individuals across the country.

Only a small fraction of attorneys and CPAs achieve dual-certification, and through the AAA-CPAs national and regional events, study groups, and exclusive Listserv, members are able to expand their professional network and learn from the combined experience of other dually-qualified Attorney-CPAs.

Leadership potential

The American Academy of Attorney-CPAs offers ample opportunities for members to take an active role in the organization’s direction through a variety of committees that help shape policies benefiting the entire organization.

From committees that deal with developing the organization’s education programs to committees that highlight issues in specific practice areas, there are more than a dozen different options if you want to get involved in the decision-making process.

Sponsor discounts

Reducing the cost of daily operations for a solo practice or small firm can go a long way toward your bottom line, and AAA-CPA membership offers many fantastic savings opportunities through our affiliated sponsors.

With discounts ranging from office supplies and shipping costs to liability insurance and support services, the money you can save by taking advantage of the organization’s discount program can be worth the cost of membership alone.

All law and accounting industry associations have their fair share of benefits, but only AAA-CPA customizes their programs to meet the specific needs of dually-qualified professionals.

If you are looking for an organization that connects you with peers, offers events to meet your continuing education requirements, and has ample leadership opportunities, look no further than the American Academy of Attorney-CPAs.