The proposed regulations would update the Circular 230 rules governing practice before the IRS.
Practice Management & Professional Standards
Burden of proof: The shoebox method and 9-martini lunch
When taxpayers claim deductions for business expenses, they must meet their burden of proof with proper recordkeeping.
Creating a more efficient firm: Best practices, offshoring, and preparing for a successful season
Following these tips can enhance tax firms’ operations, client satisfaction, and overall success.
Client advisory service for business owners
Clint Costa, Senior Wealth Strategist, Choreo, discusses how CPAs can add value to business owner clients.
AICPA to Congress: Delay needed in BOI reporting deadline
Without a delay, “millions of small business owners become accidentally and unknowingly delinquent in their compliance,” reads the letter, signed by CEO Barry Melancon, CPA, CGMA.
Conflicts of interest in tax practice
AICPA member tax practitioners must be alert to the need to avoid or remedy potential conflicts.
Corporate Transparency Act
Charles Wismer, CEO, FincenFetch, discusses firms and FinCEN beneficial ownership information (BOI) report filing,
Protecting taxpayer data (and where to even begin)
Jared Ballew, CEO, Vice President of Government Relations, Drake Software, discusses data management.
Advising clients amid elections and TCJA sunset
Tax advisers can recommend client strategies for the looming uncertainties of the expiration of dozens of tax provisions, compounded by upcoming presidential and congressional elections.
2024 tax software survey
CPAs assess how their return preparation products performed.
Melancon: Supreme Court decisions are ‘big deal’ for tax pros
Barry Melancon, CPA, CGMA, AICPA & CIMA’s CEO, said the decisions will create uncertainty for a profession that craves certainty.
Academic research sheds light on important tax matters
Recent academic journal articles of potential interest to tax practitioners investigated companies’ tax-avoidance behavior, knowledge sharing between accounting firms’ audit and tax personnel, the TCJA’s effects on US corporations’ debt structure and effective tax rates, and how cryptoasset investors respond to tax-compliance scrutiny.
Can a system of quality management in tax benefit everyone?
AICPA members’ responses to questions about a possible system of quality management in tax highlight challenges warranting further study and discussion.
IRS penalties, abatements, and other relief
Taxpayers and their advisers can benefit from a thorough understanding of law and procedures concerning abatement and other relief from tax penalties.
What I wish I’d known before becoming partner
Members of the AICPA Tax Practice Management Committee discuss what they wish had been clearer to them before they became partners in their firms.
What diligence means in today’s tax practice
Statutory, regulatory, and professional standards requiring tax practitioners to exercise due diligence apply in a variety of services and contexts.
IRS online tools for tax practitioners
The IRS has rolled out potentially helpful digital services for tax practitioners as part of its modernization efforts.
What to do when a client dies
CPAs often play a critical role in tax compliance and planning relating to estate and trust administration following a client’s death.
Data protection and its impact on CPAs
CPA tax professionals face paramount data security concerns addressed by various data protection requirements, standards, and recommendations.
FinCEN guide lists rules for some financial institutions’ access to BOI
The rules in the Small Entity Compliance Guide apply to access for some financial institutions and cover security and confidentiality, authorized use, administration of requests, and violations.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
