Tax season is busy, so preparing for it now will reduce the stress experienced January through April. This preparation will help reduce exposure to professional liability risk. Pre-tax season training of personnel and proactive review of administrative procedures will improve efficiency through April 15th and beyond.
Summary

Additional Resources
  • Risk Alert: IRS Scrutiny of Abusive Micro-Captive Insurance Companies Can Increase a CPA Firm’s Professional Liability Risk
  • Risk Alert: IRS Scrutiny of Conservation Easements Increases a CPA Firm’s Professional Liability Risk
  • Round Two – Paycheck Protection Program Loan Application Assistance and Forgiveness Application Assistance Services
  • Addressing Risks Related to the TCJA and Wayfair, Journal of Accountancy, February 2019
  • Mitigating Risk Related to Tax Reform, Journal of Accountancy, September 2018
  • Documentation is Your Ally in Tax and Other Services, Journal of Accountancy, July 2015
    October 2021
    By Accountants Professional Liability Risk Control, CNA, 151 North Franklin Street, 17th Floor, Chicago, IL 60606.
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