
Guide | Tax Season Checklists
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Table of Contents
What to do now … before the big rush

7 ways to help clients prepare

4 steps to review e-file requirements and processes

5 ways to update engagement letters

3 must-do’s to review client acceptance and continuance

7 steps to prepare the firm for tax season

5 data security concerns

4 ways to assist staff in preparing for tax season
What to do during tax season
13 items to cover in a pre-tax season staff meeting


4 items to memorialize in a control log to help avoid missed deadlines
4 things to remember when testing tax software


9 tasks that should be perfomed for each client

3 ways to plan for deadlines and help avoid careless errors

2 keys to survival
How to Address COVID

4 COVID-related items to keep in mind


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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