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11 items to cover in a pre-tax season staff meeting
What to do during busy tax season
Procedures revised
after last year’s post-tax season wrap-up meetingChanges to the organizers
, particularly those related to ACA, FBAR and FATCA filing obligations, and the sharing economyApplicable 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 receivedEngagement letter usage,
including usage for tax planning, consulting and tax audit representation servicesE-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