Bosses can do many things to reduce pressure on valued staff members.
Tax Practice Management
Businesses may need CPAs’ help in protecting against and remedying tax-related identity theft.
The AICPA Private Companies Practice Section team shares best practices on preparing for busy season.
Thousands of CPAs assess the features and performance of their income tax preparation software as well as, for the first time, their software for estate and gift taxes.
CPAs in tax practice have seen an increase in identity theft. Here are some tips for dealing with this vexing problem.
Practitioners can benefit from documenting their advice in accordance with Circular 230 and the SSTSs.
These tools are essential to interact with the IRS on clients’ behalf.
Use of this important practice tool can minimize professional liability risk, reduce confusion, improve collections, and ensure clients have a good understanding of the practitioner’s role.
By providing documented due diligence, practitioners can explain why they took the position and show they used reasonable care when determining the position was appropriate.
This article highlights situations when a tax accountant needs to recognize that it’s time to call in legal counsel.
The need to file Schedule UTP, Uncertain Tax Position Statement, may have taken many corporate taxpayers by surprise in 2014, since the asset threshold for compliance was lowered from $50 million to $10 million.
Quality control (QC) is of utmost importance when delivering professional services, including tax planning and compliance services.
The recently revised AICPA Code of Professional Conduct includes a new Confidential Client Information Rule under Section 1.700.001, which expands the guidance on maintaining the confidentiality of client information.
This column addresses summonses when issued in taxpayer examinations and is not designed or intended to be a full articulation of the significant legal implications of a summons or its enforcement.
The IRS announced that it will begin accepting e-filed and paper tax returns on time this filing season. The late passage of tax extender legislation had threatened to delay the start of tax season.
CPAs who provide tax planning services may be well-positioned to provide clients with PPACA-related advice regarding the tax and cost issues associated with selecting health insurance plans. But other matters go beyond the scope of the CPA’s expertise.
Plaintiffs say the $64.25 first-time fee and $63 annual renewal provide no special benefit under federal law.
The IRS is sending warning letters to tax preparers it believes may not be complying with due-diligence requirements for the earned income tax credit (EITC).
In June, the IRS finalized changes to Circular 230, Regulations Governing Practice Before the Internal Revenue Service, affecting the provision of written tax advice and certain other related provisions.
Follow best practices in this crucial document for any tax engagement.