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Practice Management & Compliance

Guidance on running a tax practice, managing risk, and meeting compliance obligations.

What Questions Should You Ask New Tax Clients?

What Questions Should You Ask New Tax Clients?

This week’s blog focuses on the importance of exercising due diligence when taking on new tax clients by asking questions regarding their previous tax returns that could impact current tax…
Practice Management: Thinning the Ranks

Practice Management: Thinning the Ranks

Practice Management: Thinning the Ranks If you are like me, you’ve been building your business for many years. Possibly even decades. Early on your mantra was likely “the more the…
Practice Management Tip: Engagement Letters

Practice Management Tip: Engagement Letters

Practice Management Tip: Get Clients to Sign Engagement Letters Before Preparing Their Returns Let me begin this installment with a little forward-thinking scenario. It’s March of 2021, and you are…
New Tax Client – What Do You Do?

New Tax Client – What Do You Do?

New Tax Client – What Do You Do? What do you do if you have a new tax client walk through your doors? What questions do you ask? What information…
Tax Preparer Penalties: Who, me??

Tax Preparer Penalties: Who, me??

Tax Preparer Penalties: Who, me?? My Client Wouldn’t Listen to My Advice and Now IRS Wants to Penalize Me?!? I told my client every year when he came in for…
Let’s talk about your data security plan

Let’s talk about your data security plan

Let’s talk about your data security plan News Flash! Tax Professional Thinks He Sees His Shadow, but it’s the IRS… Don’t be Punxsutawney Phil when it comes to potential identity…