Tax Practice Management

    Tax Practice Management 


    Light houseWhen it comes to running and managing a successful tax practice or tax department, you need the right tools and resources. CPA tax practitioners have unique and distinct needs – we understand them and have the resources to help you succeed! This page offers guidance, practice aids, tools, and educational resources specifically designed to help CPA tax practitioners better understand and deal with the day-to-day issues they face running a business that delivers tax services.

    Tax practice management topics include operating procedures (e.g., tax service delivery workflow), quality control procedures (e.g., technical review, compliance with tax practice standards), client communication strategies, managing technology (e.g., client portals and digital signatures), and billing practices. Tax practitioners also have unique staffing challenges, such as hiring for busy season, leveraging tax staff year-round, and retaining staff with the right mix of technical competency and business acumen to assure continued growth.

    More generalized firm practice management guidance in areas such as firm-wide operations, peer review and accounting and auditing issues, succession planning, and more is available in the Firm Practice Managements – PCPS interest area. The AICPA’s PFP Practice Center offers specialized resources for adding or expanding into personal financial planning and wealth management services. The AICPA’s Information Management and Technology Assurance interest area offers more substantial resources related to information assurance, internal controls, business process improvement, data analytics, and enhanced business reporting. We encourage you to learn more about all of the AICPA interest areas for more specialized guidance and resources related to managing all aspects of firm operations, management, and technical service delivery.

    Browse our complete library of tax practice management resources using the predefined search filters on the left. Clicking on these filters will result in a list of resources based on your choice. “By Topics” will result in a list of different types of resources and documents related to that topic. “By Document Type” will result in a list of resources of a particular type (e.g., checklist, sample letter, or engagement letter) regardless of topic. You can apply multiple filters to narrow your search. For example, if you select a topic (e.g., 7216), and then select a document type (e.g., practice guide), the results list will include a link to our 7216 Practice Guide.

    Tools & Resources

    We are constantly in the process of developing new or updated existing resources. Some newly released resources include:

     

    Learning

    Virtual
    • 8879 Digital Signatures Part 2: Choosing Software & Managing Workflow, Sept 23: On March 12, IRS issued guidance regarding digital signatures for Form 8879. Since then, software providers and workflow solution companiues have been releasing difital signarue software for use on e-file forms. In this webcast, we will walk through a few software packages that are now available on the market and explore how they work.

    • Email Disclaimers: Deal or No Deal? A Review of Recent Circular 230 ChangesSept. 25 (rebroadcast): Join us for a review of the changes to the Regulations Governing Practice Before the Internal Revenue Service (Circular 230 with an emphasis on email disclaimers and revised requirements for providing written tax advice.

    • Tax Power Hour: Quality Control for the Solo PractitionerSept. 18: How do you solve the problem of reviewing your own work for your tax clients? For example, are you complying with the IRS requirements for documentation related to the earned income tax credit (EITC) and e-filing? Whether you are just looking for a few best practices or are completely overwhelmed with keeping up with the requirements, we have something you can use.
    Self-Study
    In-Person
    • AICPA National Tax Conference, Nov. 3-4: This must-attend conference combines cloud and mobile technology with practice development strategies and hands-on user training to arm you with the tools you need to evolve your client accounting services practice, including how to price, market and staff your new cloud accounting services.


    This symbol identifies tools and resources available exclusively for Tax Section members. When accessing premium member-only content within the Tax Resource Library, you will be prompted to enter your user ID and password to validate your Tax Section membership. Not a member? Learn more about these premium resources along with the many other benefits of membership in the AICPA Tax Section.

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