Understanding Financial Statement Services: Compilations and Reviews
Callison CPA in Chattanooga explains financial statement services: Compilations organize financial data without assurance, suitable for basic financing. Reviews offer limited assurance via inquiries and analysis, ideal for growing businesses. Choosing depends on financing needs and stakeholder requirements. Contact Callison CPA for guidance.
Updated Requirements for Tennessee Contractor License Renewal
There are new requirements for financial statements Tennessee contractors must provide with their license renewal. Learn more.
October 20th is the Deadline for Tennessee Contractor License Applications
The last meeting in 2024 of the Tennessee Board for Licensing Contractors meeting is November 19, 2024. If you’re applying for a contractor’s license in Tennessee, your license application must be completed before October 20 to be considered by the state licensing board.
August 20th Deadline for Tennessee Contractor License Applications
The next meeting of the Tennessee Board for Licensing Contractors is coming up in September. If you’re applying for a contractor’s license in Tennessee, you must submit your license application in time to be considered by the state licensing board.
Tennessee Contractors: Upcoming Deadline for License Applications and Renewals
If you’re applying for a contractor’s license in Tennessee, it’s important to know the upcoming deadlines. Read more about when you must submit your license application to be considered by the state licensing board.
How to Apply for a Contractor’s License in Tennessee
To apply for a contractor's license in Tennessee, complete the business and law exam, provide a CPA-prepared financial statement, gather references, register with the Secretary of State, obtain insurance, and submit the application with a $250 fee. Learn more with our comprehensive guide.
Tennessee Contractors: Reviewed Financial Statements
Tennessee contractors require reviewed financial statements for licenses exceeding $1.5 million. These statements, prepared by a CPA, offer a level of financial verification. Callison CPA can help analyze your records, create the statements, and provide a limited assurance report. With proper preparation and a qualified CPA, you can secure the necessary documents to obtain your Tennessee contractor's license.
Financial Statements Under the Microscope: When You Need a Review and How to Get It Done Smoothly
A review adds credibility and helps identify issues early. Loan applications, investors, or regulations might require one. Partner with a CPA firm for a review. They'll gather info, analyze it, and provide a report. Choose the right firm, prepare your records, and communicate openly for a smooth process.
Understanding the Difference Between CPA Compilation and Review Services
CPA compilations organize financial data without assurance, suitable for internal use and cost-effective. CPA reviews provide limited assurance through analytical procedures, ideal for external reporting and enhanced credibility. Choose based on purpose, budget, stakeholder requirements, and business complexity.
All content on this blog is intended for general informational purposes only and does not constitute legal or professional advice. Please contact a member of our team for accounting advice specific to your situation or needs.