Practice Management & Professional Standards

Topics

January 1, 2025

Arthur J. Dixon Memorial and Jonathan Horn Distinguished Service awards

James W. Sansone, CPA, received the 2024 Arthur J. Dixon Memorial Award, the highest honor given by the accounting profession for contributions to the field of taxation, and Annette Nellen, Esq., CPA, CGMA, received the 2024 Jonathan Horn Distinguished Service Award.

December 24, 2024

IRS proposes new rules for tax professionals

The proposed regulations would update the Circular 230 rules governing practice before the IRS.

December 1, 2024

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.

December 1, 2024

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.

December 1, 2024

Client advisory service for business owners

Clint Costa, Senior Wealth Strategist, Choreo, discusses how CPAs can add value to business owner clients.

November 13, 2024

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.

November 1, 2024

Conflicts of interest in tax practice

AICPA member tax practitioners must be alert to the need to avoid or remedy potential conflicts.

October 1, 2024

Corporate Transparency Act

Charles Wismer, CEO, FincenFetch, discusses firms and FinCEN beneficial ownership information (BOI) report filing,

September 1, 2024

Protecting taxpayer data (and where to even begin)

Jared Ballew, CEO, Vice President of Government Relations, Drake Software, discusses data management.

September 1, 2024

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.

August 15, 2024

2024 tax software survey

CPAs assess how their return preparation products performed.

August 1, 2024

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.

August 1, 2024

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.

August 1, 2024