A taxpayer’s separate trades or businesses must be determined before calculating the qualified business income deduction.
Tax Practice Management
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.
IRS changes are intended to better protect taxpayer data.
A well-designed, well-executed, and well-managed mentoring program can be an advantageous investment for a tax firm.
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.
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.
Engagement letters provide a critical line of defense against scope-of-service liability claims.
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.
Online-only: Contact information, basic packages and their features are shown below for the top seven products in the survey.
Knowing when this key protection does not apply is just as important for tax practitioners as knowing when it does.
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.
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.
Retain an all-star staff by providing employees exceptional on-the-job experiences.
Consumers are seeking a primary point of contact to address the full scope of their financial needs.
Every firm should maintain a system for communicating best practices to partners and staff.
Deborah Rood, CPA, outlines the four instances where claims can be severe.
Glen Keenan, president of XCM Solutions and Xpitax, explains why training season staff about your particular firm’s processes is vital to success.
Glen Keenan, president of XCM Solutions and Xpitax, offers tips for successful seasonal staffing, including focusing on training and bringing the staff in early.
Glen Keenan, president of XCM Solutions and Xpitax, untangles commonly held myths that discourage firms from outsourcing.
Glen Keenan, president of XCM Solutions and Xpitax, shares information about helping your clients become comfortable with your outsourcing returns outside U.S. borders.