Practice Management & Professional Standards

Topics

August 27, 2020

Tools to help nonfilers receive economic impact payments

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.

May 15, 2020

New conflict-of-interest guidelines for tax services

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

March 2, 2020

Help your staff make it through busy season

Eustis Corrigan, CPA, senior managing director at CBIZ MHM in Memphis, Tenn., a veteran of more than 30 tax seasons, shares what his firm does to support staff during busy season.

March 1, 2020

Onslaught of the tax procrastinators

Consider these ways to protect billable time while cultivating new clients.

January 1, 2020

2020 tax filing season preview

CPA firms venture into the new decade of serving taxpayers.

January 1, 2020

Practitioners need a written information security plan

The IRS places fresh emphasis on tax preparers’ responsibilities under the Gramm-Leach-Bliley Act safeguards rule.

December 1, 2019

Robotic process automation for tax

See what “bots” can do for tax practices and departments.

November 1, 2019

Updating the Statements on Standards for 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.

October 1, 2019

Planning for data security

Today’s tax firms must be vigilant against cyberthreats.

September 1, 2019

2019 tax software survey: Shares of respondents and product and company information

Bonus: The percentages for all 13 products, including a breakdown of their usage among firms ranked by ranges of numbers of preparers, in the 2019 tax software survey.

September 1, 2019

Automation and digital workflow in a tax practice

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

September 1, 2019

2019 tax software survey

Learn how the industry-leading products stacked up in CPAs’ estimation through a tax season with many far-reaching law changes.

July 1, 2019

Defining a trade or business for purposes of Sec. 199A

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

June 12, 2019

What tax firms need to know now about technology

Artificial intelligence and robots get a lot of attention, but automation and cloud computing-enabled outsourcing are the technology-related terms that should be top of mind for tax practices, according to a session at AICPA ENGAGE 2019 in Las Vegas.

March 1, 2019

Mentoring tax staff

A well-designed, well-executed, and well-managed mentoring program can be an advantageous investment for a tax firm.

March 1, 2019

New tax transcript practice

IRS changes are intended to better protect taxpayer data.

February 5, 2019

How tax reform has changed busy season preparation

Practitioners still have a lot of questions about tax reform — including everything from dealing with binding and nonbinding Tax Cuts & Jobs Act (TCJA) guidance to individual planning considerations. Annette Nellen joins this episode of the podcast to address those issues.

February 1, 2019

Addressing risks related to the TCJA and Wayfair

In this Q&A, experts discuss the challenges CPA firms face from these developments and the steps they can take to mitigate professional liability risk.

November 1, 2018

Small firm engagement letters

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

September 1, 2018

Mitigating risk related to tax reform

While tax planning opportunities associated with the law may be a windfall to a CPA firm’s bottom line, vulnerability to professional liability claims exists.

FROM THIS MONTH'S ISSUE

Flip out with the latest Tech Q&A

The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.