Tax Practice Management
Keeping a “scorecard” of the weight of authorities on a particular position can be helpful to determine the objective merits of a tax position.
CPAs can reassure an unsettled client base by confidently providing coherent explanations and advice relating to the many changes brought about by last year’s tax reform legislation.
A well-drafted engagement letter can prevent a
misunderstanding with a client over the scope of services from turning into an expensive liability claim.
CPAs can advise clients about several IRS programs for paying past-due taxes.
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.
To get through the rigors of tax season, CPAs depend
on their tax preparation software. Here’s how they rate
the leading professional products.
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.
This column discusses reasons for delayed refunds and actions practitioners can take when a client is experiencing a delay.
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.
Create and retain an all-star staff by selling the firm as a gateway to future success and providing development opportunities.
A TPQC document plays a key role in helping a firm comply with relevant ethical requirements and promote an efficient and effective tax practice.
The IRS has answered some concerns about taxpayers’ electronic accounting records.
Publicly traded partnerships can present challenges for
reporting.
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.
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.
This item discusses practitioners' requirements and responsibilities surrounding electronic submission of clients’ tax returns.
When a transcript is obtained, it is important to know the meaning of transaction codes.
It may be beneficial to consider making changes to your engagement letters and organizers this season.
This column focuses on developing a year-end tax planning strategy by using technology.
This article offers a look at how CPAs judged their tax preparation software in a wide range of types of practices.
Qualified business income deduction regs. and other guidance issued