Tarwater and Company under Joe Tarwater's Leadership
With a team of certified public accountants, Tarwater & Company, PC provides traditional accounting services such as auditing and tax preparation, in addition to advisory and educational assistance that aids clients in tailoring their business practices to the current market. Tarwater and Company also offers business succession planning and management consulting.
Tarwater & Company, PC operates under the leadership of Managing Partner, Joe Tarwater. Throughout his career, he has overseen hundreds of audits for HUD and Low-Income Housing Tax Credit properties across the United States. Currently, he leverages that experience in guiding the company’s audit department.
Tarwater provides service in four main areas: affordable housing, construction, real estate, and the non-profit sector. In each area, the firm provides advisory services to ensure smooth business practices and benefits to local communities.
About the American Institute of CPAs and Its Resources
With a focus on multifamily housing issues such as HUD financing and Section 8 rents, Tarwater and Company, PC, is a full-service accounting firm based in Tennessee. Committed to the highest standards in the accounting industry, Tarwater and Company maintains membership in the American Institute of Certified Public Accountants (AICPA).
Setting ethical and auditing standards for accounting professionals and their organizations, the American Institute of CPAs has almost half a million members in 145 countries throughout the world. For accountants outside the United States, the AICPA partnered with the Chartered Institute of Management Accountants to create the Chartered Global Management Accountant designation, the global standard of management accounting.
In addition to supporting professionals already in the industry, the AICPA helps students understand and engage in the accounting field with the goal of passing the CPA exam. Students may also qualify for scholarships at a number of academic milestones, whether or not they have started their college education.
One of AICPA’s most comprehensive resources is its extensive research web page, which features white papers along with surveys, studies, and helpful web links. One of its recent additions, the AICA Health Reform Resources Center, assists accounting professionals in understanding the law’s impact on their organizations and clients. Its archived webcasts and conference presentations cover a range of tax issues related to the Patient Protection and Affordable Care Act.
Non-Profits Need High-Quality Financial Reporting
Full-service accounting firm Tarwater and Company, PC has over 70 years of experience in non-profit accounting. Non-profit leaders can rely on Tarwater and Company to create financial reports that are aligned with current requirements. With effective financial reporting, non-profits can track their financial health and have data readily available when applying for grants and funding.
Although non-profits’ reporting needs may vary, most organizations need a range of fundamental financial reports, including balance sheets, statements of activity, statements of cash flow, and statements of functional expenses. A commonly-used summary of an entity’s financial position, balance sheets summarize the assets and liabilities of an organization at a specific point in time. By contrast, statements of activity provide a broader view of an organization’s finances over a specific time period. Cash flow statements detail resources available to a non-profit during a specified period, along with the uses the funds were or will be put to. Statements of functional expenses enable organizations to track and differentiate between program expenses and supporting expenses.
By partnering with a qualified accounting firm, non-profits can have these and other financial statements prepared properly and available when needed. This allows non-profits to offload accounting tasks to trained experts and focus internal staff on pursuing the organization’s core mission.
AICPA Programs Advance Professional Accounting Standards
Based in Knoxville, Tennessee, Tarwater and Company provides accounting, audit, and tax services to organizations of every scale throughout the United States. As a testament to its devotion to quality services, Tarwater and Company undergoes peer review conducted by other certified public accountant (CPA) firms as part of an American Institute of CPAs (AICPA) program. With more than 400,000 members, the AICPA is the world’s largest membership organization for accounting professionals.
In the United States, AICPA sets ethical guidelines and auditing standards for the accounting profession. The organization establishes and evaluates the Uniform CPA Examination and offers credentialing to CPAs who choose to focus on specific accounting disciplines. In addition, through its peer-review program, AICPA validates the quality of accounting firms’ audit practices, and publishes the results to the public.
Through these programs, AICPA helps advance the professional standards of the accounting industry. The organization also plays a key role in enforcing compliance with ethical and technical requirements to help serve the public interest.
American Institute of Certified Public Accountants Offers Webcasts
Based in Knoxville, Tennessee, Tarwater and Company employs a team of skilled financial professionals with experience in nonprofit, for-profit, and governmental industries. Tarwater and Company professionals also receive opportunities to further their professional development through the company’s membership with the American Institute of Certified Public Accountants (AICPA), the world’s largest accounting association in membership numbers.
AICPA offers its members a variety of continuing professional education (CPE) opportunities through its suite of webinars and online workshops.
AICPA’s interactive CPE programs feature leading experts in the industry as webinar instructors. The webinars focus on providing courses for CPE credit and keeping members abreast of critical issues that affect Certified Public Accountants and senior financial executives. Available webcasts cover a broad range of topics, such as not-for-profit accountability, risk management, tax planning, and identity theft prevention.
AICPA members may purchase access to the webinar host for single employees or complete teams. Furthermore, members can choose between streaming live webinars for a whole team or providing individual employees with their own access keys. AICPA also offers an annual webcast pass that grants unrestricted access to over 500 classes for a full year.