Practice Management & Professional Standards

AICPA rules are expanded to cover situations that arise in all tax services, not just federal tax services.

An AICPA task force is evaluating how these key guidelines for tax practices need to be updated to account for changes in technology and law.

When choosing and implementing new technologies, a firm must involve team members at all levels in the process and provide essential training.

A taxpayer’s separate trades or businesses must be determined before calculating the qualified business income deduction.

Engagement letters provide a critical line of defense against scope-of-service liability claims.