The experts on the AICPA Tax Practice Management Committee discuss the technology updates that helped their firms endure through COVID-19 and beyond.
Practice Management & Professional Standards
Tax practitioners can rely on several doctrines to preserve the confidentiality of client communications, but they must follow appropriate procedures and provide clear documentation to protect the privilege in IRS exams or legal proceedings.
Small firms improvise to maintain productivity while keeping employees and clients safe from COVID-19.
This article looks at recent academic research of interest to tax practitioners.
The shift to a more virtual business environment has been accelerated by the COVID-19 pandemic. Firms must be mindful of this evolving business model as they explore new methods for building up client relationships.
After a year of many changes, this tax season looks very different. The AICPA wants to hear your feedback about this tax season so it can better support the profession.
To alleviate hardships caused by COVID-19, the IRS temporarily expanded the forms that can be filed with e-signatures, but future policy is uncertain.
Students’ future success will depend on learning routines for staying current with constantly changing tax laws, accounting standards, business practices, and technology.
Congressional action could simplify the business landscape for interstate workforce models that have expanded sharply due to stay-at-home orders isssued to fight the COVID-19 pandemic.
This article focuses on the role of family CPAs in IRS collection matters.
The COVID-19 pandemic fast-tracked the need to invest in technology to accommodate clients and staff in the new remote-working environment.
The AICPA’s complimentary annual webcast on Tax Ethics answers questions on client confidentiality, tax practice quality control, conflicts of interest, records retention, and how to address errors discovered on clients’ tax returns.
Tax practitioners have expressed concerns that they will not be able to meet upcoming Oct. 15 tax filing deadline for a variety of reasons related to the global pandemic.
The Taxpayer Advocate Service can help practitioners when clients are suffering.
COVID-19 upended tax season. Did CPAs’ tax software help them cope?
Bonus: The percentages for all 13 products, including a breakdown of their usage among firms ranked by ranges of numbers of preparers, in the 2020 tax software survey.
CPAs are positioned to advise clients on fresh cybersecurity concerns, return filing date changes, independent contractor status updates, PPP forgiveness determinations, and tentative NOL carrybacks.
The IRS provided information and tools that tax practitioners can use to inform individuals who are eligible to receive economic impact payments but did not receive one automatically.
As the COVID-19 pandemic forces firms to accelerate the adoption and overall use of virtual communication tools, practitioners need to be aware that the foundational principles of ethics and best practices still apply when using these technologies.
The Tax Practice Responsibilities Committee’s updated Guidelines on dealing with conflicts of interest depend on rules found in the AICPA’s Code of Professional Conduct and Treasury Circular 230.