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Tax Section's Strategic Plan Editor and Author: Mr. Hoops is Chair of the AICPA
Tax Division’s Tax Executive Committee. DC Currents
heightens awareness of the Tax Division’s activities
and apprises readers of tax policy, technical issues and
other practice support matters.
The Tax Section’s mission is to serve the public interest by assisting AICPA members to be the most trusted professional providers of tax services, and by advocating sound tax policy and effective tax administration. To serve the public interest effectively, the TEC has identified three strategic initiatives: 1. Create sound tax policy and effective tax administration; 2. Help AICPA members retain the public’s trust, by following the highest ethical standards of tax practice; and 3. Help AICPA members provide the highest quality professional tax services. In representing AICPA members’ interests, the TEC, on behalf of the Tax Section, must respond to each of these issues, not focus on just one area of concern. As the exhibit illustrates, these three issues form an integrated response by the Tax Section to its responsibility to serve the public interest. The TEC and the Strategic Planning Committee have debated long and hard about the best ways to serve members, accomplish this mission and address the initiatives described above. They have identified eight strategic goals that will help accomplish this mission:
These are ambitious goals, but the TEC thinks they reflect the current state of tax practice and, more importantly, what section members want and need to become the most trusted providers of professional tax services. Note: There is a strong emphasis on professional ethics and integrity. This is important, especially in light of the changes that have been made to Treasury Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, and Appraisers Before the Internal Revenue Service (Circular 230). Action Plans The TEC has considered more than 20 different action plans and strategies to accomplish these goals. They are all listed in the plan; currently, the TEC has identified six action plans as being most critical to advancing the Tax Section’s mission: 1. Strengthen relationships with Washington, DC, tax policy makers. 2. Assist members in addressing emerging issues in tax practice. 3. Educate members on Circular 230 and other external standards. 4. Educate members on AICPA ethical standards. 5. Develop and maintain high ethical tax standards, to help CPAs become the most trusted tax advisers. 6. Enhance the public perception of the Tax Section’s objectivity. Over the next several months, this column will highlight the activities of the AICPA Tax Division’s technical resource panels (TRPs) and task forces. These groups, made up of Tax Section member volunteers and members of the AICPA tax team, are working hard to help all CPAs serve their clients and be better tax practitioners. Feedback As the TEC does its work, it would like feedback. Is it on the right track? What more can it do? Its goal is to make the Tax Section an effective tool for all members. The TEC would like members to let it know if this is being accomplished. Listed below are the names and e-mail addresses of the TEC members, as well as the senior members of the AICPA tax team. TEC Members
AICPA Tax Team
Next Column Many Tax Section members recently completed the 2006 Tax Section Member Survey. The next column, in the February 2007 issue, will share and discuss some of the results.
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