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.
Practice Management & Professional Standards
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.
Build up young professionals by encouraging continuing education, mentorships, and volunteering opportunities with professional and charitable organizations.
Academic integrity of colleges and universities depends on developing and enforcing a comprehensive policy that sets a framework for responding judiciously and transparently to academic dishonesty, such as cheating and plagiarism.
Firms must keep up with the IRS’s written data security plans to confront ever-increasing threats from hackers.
A well-organized post-busy season debrief meeting can help generate ideas for improving the firm’s processes through this critical period.
This article discusses methods and strategies for how a corporate tax department can move forward in its quest for tax function automation.
Last-minute requests during the rush of tax season can turn into an opportunity to court new clients.
The IRS launches fresh efforts to promote awareness of data security issues.
The IRS’s updated e-Services platform is intended to facilitate more efficient and cost-effective communications with practitioners.