Practice Management & Professional Standards

Topics

November 1, 2018

The importance of engagement letters for small firms

A well-drafted engagement letter can prevent a
misunderstanding with a client over the scope of services from turning into an expensive liability claim.

October 1, 2018

Preparing clients for tax surprises: How to handle tax bills that clients cannot pay

CPAs can advise clients about several IRS programs for paying past-due taxes.

September 1, 2018

Third-party verification requests

When CPAs are asked to provide comfort letters,
they must be clear about facts they are affirming,
giving careful consideration to client confidentiality and other liabilities that could arise from a lender’s reliance on those facts.

August 1, 2018

The Sec. 7525 privilege relating to taxpayer communications

CPAs can protect tax advice to clients from disclosure by understanding the scope of the Sec.
7525 practitioner-client privilege, when it applies, and what actions can cause a waiver of this
key protection.

August 1, 2018

2018 tax software survey

To get through the rigors of tax season, CPAs depend
on their tax preparation software. Here’s how they rate
the leading professional products.

July 1, 2018

IRS warns small businesses about tax return identity theft

The IRS urged small businesses to be wary of a growing amount of identity theft attempts aimed at employers and small businesses in general, and partnerships and trusts and estates.

July 1, 2018

A review of adequate disclosure rules

Practitioners can protect themselves from significant
penalties by following the IRS’s ‘adequate disclosure’
procedures.

July 1, 2018

Managing client expectations for IRS refunds

This column discusses reasons for delayed refunds and actions practitioners can take when a client is experiencing a delay.

June 1, 2018

Stellar tax professionals: How to recruit, retain, and develop them

Create and retain an all-star staff by selling the firm as a gateway to future success and providing development opportunities.

May 1, 2018

Best practices for firms to promote a culture of ‘due professional care’

A TPQC document plays a key role in helping a firm comply with relevant ethical requirements and promote an efficient and effective tax practice.

April 1, 2018

Requests by IRS and state departments of revenue for electronic accounting software records of taxpayers

The IRS has answered some concerns about taxpayers’ electronic accounting records.

April 1, 2018

Reporting publicly traded partnership Sec. 751 ordinary income and other challenges

Publicly traded partnerships can present challenges for
reporting.

March 1, 2018

Preparing to work indirectly with the cannabis industry

As more states legalize marijuana, CPAs should consider not only whether to take on clients directly
involved but also how to counsel clients whose own businesses are involved in the industry.

February 1, 2018

A new approach to ethics education: Giving voice to values

The Giving Voice to Values approach focuses on putting ethics into action.

February 1, 2018

Ethics rule would require CPAs to discuss suspected illegal acts with clients

This column addresses how this new rule may impact CPA tax practitioners providing services outside the scope of an audit or to a nonaudit client.

January 1, 2018

Form 8879: Requirements, possible problems, and best practices for practitioners

This item discusses practitioners’ requirements and responsibilities surrounding electronic submission of clients’ tax returns.

January 1, 2018

Transcript of account issued by the IRS

When a transcript is obtained, it is important to know the meaning of transaction codes.

December 1, 2017

Kicking off tax season with engagement letters and organizers

It may be beneficial to consider making changes to your engagement letters and organizers this season.

November 1, 2017

Tax return position vs. tax return preparation

Simply preparing a return may invoke different ethical and legal standards than would providing tax advice.

September 1, 2017

Using technology to assist with year-end tax planning

This column focuses on developing a year-end tax planning strategy by using technology.

Magazine

January 2026

December 2025

November 2025

October 2025

September 2025

August 2025

July 2025

June 2025

May 2025

April 2025

March 2025

February 2025

view all

View All

Practice Management & Professional Standards

The importance of engagement letters for small firms

Preparing clients for tax surprises: How to handle tax bills that clients cannot pay

Third-party verification requests

The Sec. 7525 privilege relating to taxpayer communications

2018 tax software survey

IRS warns small businesses about tax return identity theft

A review of adequate disclosure rules

Managing client expectations for IRS refunds

Stellar tax professionals: How to recruit, retain, and develop them

Best practices for firms to promote a culture of ‘due professional care’

Requests by IRS and state departments of revenue for electronic accounting software records of taxpayers

Reporting publicly traded partnership Sec. 751 ordinary income and other challenges

Preparing to work indirectly with the cannabis industry

A new approach to ethics education: Giving voice to values

Ethics rule would require CPAs to discuss suspected illegal acts with clients

Form 8879: Requirements, possible problems, and best practices for practitioners

Transcript of account issued by the IRS

Kicking off tax season with engagement letters and organizers

Tax return position vs. tax return preparation

Using technology to assist with year-end tax planning

TAX PRACTICE MANAGEMENT

2025 tax software survey

Tax Clinic

IRS generally eliminates 5% safe harbor for determining beginning of construction for wind and solar projects

IRS proposes using NAICS to determine lines of business for certain fringe benefit exclusions

IRS rules that community trust and affiliated nonprofit corporation can file a single Form 990

Prop. regs. issued on new qualified tips deduction

IRS rules for first time that REIT’s income from markup on electricity from EV charging stations is rents from real property

Magazine

HOME

ABOUT

JOIN/SUBSCRIBE

AICPA & CIMA Sites