amen to that ferris

[quote=Ferris Bueller]The most imporant designation is: W-2

How much is on it is all that matters.[/quote]

I think that designation is Schedule C. The party begins when you can write off all your toys, and the party. Bobby knows about that from the CPA, which from what I hear is a lot harder than the CFP. But getting your CFP is an easy way to elevate your own professioanal status.

[quote=GoingIndy????]According to some newer accountants who have both and educators I know they all say the CFP in is tougher then the CPA exam in its current format.  CPA exam is now broken up into sections which makes it a bit more manageable.  One instructor I know who has just about every professional services mark feels the JD is the toughest, followed by the CFP exam. 

Either way, they're both good.[/quote]

If that's true, they've really changed the CPA exam since I passed in '92.  I thought that exam was a bitch and it took five attempts to knock it down.  The CFP, on the other hand, was passed in '05, on first attempt - challenge status with perhaps a hundred hours of prep time.  I found three questions that had errors and were most likely thrown out (I challenged all three as did several others).  My experience was that it was a poorly written quiz next to the CPA exam.  I didn't find it even slightly difficult and left feeling confident that I'd passed.

[quote=GolFA]

[quote=Ferris Bueller]The most imporant designation is: W-2

How much is on it is all that matters.[/quote]

I think that designation is Schedule C. The party begins when you can write off all your toys, and the party. Bobby knows about that from the CPA, which from what I hear is a lot harder than the CFP. But getting your CFP is an easy way to elevate your own professioanal status.[/quote]

Better than the schedule C is the S-Corporation where you get the same benefits, with potentially a lot less in social security taxes and liability protection for your personal assets.