Ethical Concerns in Using Tax Planning Software
What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that
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Ethical Issues for the Modern Tax Practice: The Role of Technology
Technological competence for tax practitioners is receiving increased attention from the IRS. Circular 230, which outlines rules governing those who practice before the IRS, has
Ethical Issues for the Modern Tax Practice: The Role of Remote Work
The rise of remote work has impacted the majority of industries across the U.S. The Bureau of Labor Statistics found that between 2019 and 2021 the
How Health Care Savings Can Lead to Tax Savings: When to Recommend a 401(h) Plan
Many taxpayers’ plan for retirement expenses is simply to set aside money in their savings account—if they are doing anything at all. This leaves many
How Health Care Savings Can Lead to Tax Savings: When to Recommend an HRA
Saving for retirement is one arena where tax planners can provide value to their clients. Even your financially savvy clients may not be aware of
Preparing Your Client for a Tax Audit: Walking the Taxpayer Through IRS Audits 101
One of the many roles we play as tax planners is as the taxpayer’s audit support system. Just the word “audit” can cause the typical
Preparing Your Client for a Tax Audit: A Tax Planner’s Secret Weapon is Good Documentation
When that IRS audit notice shows up in the mail, many taxpayers’ first reaction is to panic. For well-trained tax planners, however, this can be
Accuracy, Accuracy, Accuracy: 3 Best Practices for Supporting Your Client in a Tax Audit
Despite your best efforts as a tax planner, your client may still end up facing an audit. Since some audits are randomly chosen, this is
Warranties as a Win-Win Solution: 3 Ways that Warranties Help Tax Planners and Their Clients
A proactive tax plan can be a major money-saver for taxpayers. But for new or prospective clients, your first tax plan can feel like a
Should Tax Planners Work with Family Offices? Tax Benefits of Establishing a Family Office
Established, wealthy families have long leveraged the concept of a “family office” to preserve their wealth, ensure business succession, establish governance and control, and foster
Should Tax Planners Work with Family Offices? How Family Offices Work
In recent years, tax planners have increasingly been recruited to work alongside family offices. If you’ve heard about this trend or received an invitation yourself,
