Practice Management & Professional Standards

Topics

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