Murrieta, CA (PressExposure) October 24, 2007 -- John C. Fitzgerald, CPA announced that he inactivated his CPA license as of September 2007.
According to Mr. Fitzgerald, he left public accounting in October 2006 to pursue his legal and real estate investment activities. One of the reasons stated for inactivating his license was to avoid having to maintain and pay for the annual forty hours of continuing education required by the State Board of Accountancy. According to Mr. Fitzgerald, the continuing education required by the State Board is very specific regarding certain hours in each field of practice. Since he is focusing his attention towards law and real estate matters, these additional courses would be a waste of time and money.
Furthermore, Mr. Fitzgerald was admitted to the California State Bar as a practicing Attorney in 2003. As an Attorney, Mr. Fitzgerald could still prepare tax returns if he wanted to without having to have an active CPA license.
However, Mr. Fitzgerald can reactivate his license at any time once he has met the continuing education requirements of the State Board of Accountancy.
Mr. Fitzgerald has been practicing public accounting since 1988 and operated his practice in Murrieta, CA until October 2006.