Practice Management & Professional Standards

Topics

August 1, 2018

2018 tax software survey: Individual product survey responses

Online-only: Contact information, basic packages and their features are shown below for the top seven products in the survey.

August 1, 2018

Client communications protected by Sec. 7525

Knowing when this key protection does not apply is just as important for tax practitioners as knowing when it does.

July 10, 2018

Tax practitioners are warned to safeguard client data

The IRS warned that it is increasingly difficult for it to recognize fraudulent tax returns as cybercriminals succeed in getting more and more accurate information.

June 12, 2018

How tax reform is impacting tax practitioners

Tax practitioners usually get to enjoy some down time during the summer. But this year summer may be a little more hectic than usual thanks to the changes brought about by tax reform.

June 1, 2018

Retaining stellar tax professionals

Retain an all-star staff by providing employees exceptional on-the-job experiences.

May 7, 2018

Future-proof your tax practice by adding planning services

Consumers are seeking a primary point of contact to address the full scope of their financial needs.

May 1, 2018

Establishing quality control in a tax practice

Every firm should maintain a system for communicating best practices to partners and staff.

August 22, 2017

What CPAs need to know about their tax software

In this episode, “The Tax Adviser” Editor-In-Chief Alistair Nevius explains what we can learn from this year’s tax software survey.

August 1, 2017

The war on tax ID theft continues: CPAs’ role

The IRS reports progress, but many firms could still improve their practices.

July 1, 2017

Driver’s licenses pose new data security risks

Tax practice clients’ personal information requiring protection now often includes driver’s license numbers.

June 1, 2017

Planning to mitigate risk in tax planning engagements

A professional liability claim may occur if a client’s expectation and the results of the tax services do not coincide.

May 1, 2017

Tax principles for the digital age

The AICPA revises its Guiding Principles of Good Tax Policy to respond to challenges in tax reform, economic efficiency, global reach, and securing taxpayers’ information.

February 1, 2017

Whether to amend a return

While taxpayers have no duty to correct an error or omission in a filed return, practitioners must inform them of the consequences.

October 1, 2016

Keeping clients’ tax data secure

Here’s how preparers can help thwart identity thieves.

September 2, 2016

New cyberattacks threaten tax professionals

A new wave of cyberattacks could allow criminals to take control of tax practitioners’ computers and file fraudulent returns.

August 25, 2016

Due-diligence hazards for tax practitioners: The list keeps growing

From rental property expenses to worker classification to offers in compromise, the list of areas where tax practitioners must exercise due diligence keeps growing.

August 1, 2016

CPAs contend with tax ID theft

A majority of CPAs surveyed say this scourge affects their practices and is often difficult to resolve.

August 1, 2016

2016 tax software survey

Results show 4 companies control more than 90% of CPA tax preparer market. Find out how more than 3,800 CPAs rated the tax preparation software they used in 2016.

May 1, 2016

IP PINs: Fraud protection places duties on preparers

Identity protection personal identification numbers pose additional filing and recordkeeping considerations.

March 1, 2016

Practitioner-client and work product doctrines preclude IRS summons

The Second Circuit overrules a district court’s restrictive interpretations of a “common legal interest” with a third party and documents prepared “in anticipation of litigation.”

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.