Procedures revised following last year’s post-tax season wrap-up meeting.
Arrow.svgChanges to organizers, especially those related to Tax Reform, Wayfair, FBAR and FATCA filing obligations, virtual currency transactions, and the sharing economy.
Arrow.svgApplicable professional standards including:
    • the AICPA Statements on Standards for Tax Services,
    • the AICPA Code of Professional Conduct, and
    • U.S. Treasury Department Circular No. 230 (Rev. 6-2014).
Arrow.svgThe firm’s tax practice quality control manual.
Arrow.svgTax preparation processes and procedures.
Arrow.svgFirm privacy and security policies, including how to respond if a “phishing” email is received.
Arrow.svgEngagement letter usage, including scope changes, tax planning, tax consulting and tax audit representation services.
Arrow.svgE-filing procedures.
Arrow.svgFrequent errors found by reviewers on prior year individual and business income tax returns. Remind preparers to exercise due diligence in compiling and assembling tax information, and to communicate clearly with clients about any concerns.
Arrow.svg Penalties applicable to taxpayers and preparers.
Arrow.svgThe importance of documenting discussions with clients.
What to do during busy tax season
11 items to cover in a pre-tax season staff meeting
5 steps to review e-file requirements
and processes
4 ways to update engagement
letter processes
3 must-do’s to review client acceptance
and continuance procedures
8 steps to prepare the firm for tax season
5 ways to help staff prepare for tax season
What to do now … before the big rush
11 items to cover in a pre-tax season staff meeting
15 things to include in a control log
4 things to remember when testing tax software
8 things every tax preparer should do for each client
4 ways to better plan for deadlines
2 keys to survival
What to do during busy tax season
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