Procedures revised after last year’s post-tax season wrap-up meeting

Changes to the organizers, particularly those related to ACA, FBAR and FATCA filing obligations, and the sharing economy

Applicable 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)

The firm’s tax practice quality control manual

Tax preparation process and procedures

Firm privacy and security policies including how to respond if a “phishing” email is received

Engagement letter usage, including usage for tax planning, consulting and tax audit representation services

E-filing procedures

Penalties applicable to taxpayers and preparers

Review the most frequent 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

Emphasize the importance of documenting discussions with clients


11 items to cover in a pre-tax season staff meeting
What to do during busy tax season