Firm & Practice Management



How to Respond to Comfort-Letter Requests
 

How to Respond to Comfort-Letter Requests

Posted: September 6, 2018
Here's what CPAs should think about before answering requests to provide or verify information to third parties such as lenders, insurers, employers and government agencies. Such seemingly simply requests carry legal and ethical risks that practitioners must be aware of before responding.

The Latest in Liability
 

The Latest in Liability

Posted: September 4, 2018
Tax reform, the cannabis industry and cyberthreats are just three of the dangers that are looming large in malpractice insurers’ nightmares.

6 Security Safeguards for Tax Professionals
 

6 Security Safeguards for Tax Professionals

Posted: July 17, 2018
All tax professionals, whether part of a large firm or a one-person shop, must enact security safeguards. Here are six critical steps to protect computers and email as well as safeguarding sensitive taxpayer data.

5 Tools to Help Your Firm Operate Effectively
 

5 Tools to Help Your Firm Operate Effectively

Posted: July 16, 2018
You don't have to reinvent the wheel when it comes to developing growth strategies and planning for your firm's future. Here are five resources to help you fine-tune your practice and achieve even greater success.

Professional Liability Developments
 

Professional Liability Developments

Posted: May 16, 2018
While claims generally repeat themselves year to year, there have been some recent developments worthy of discussion. Find out about Foreign Bank Activity Reports (FBARs), late and non-filed returns and network security lapses.

Planning for the Future
 

Planning for the Future

Posted: May 16, 2018
Preparing for the future of one's own firm can be far more daunting to CPAs than planning for those of their clients’. From making themselves more marketable to succession planning for the firm, CPAs today need to not only adapt to changes in the accounting profession but learn to thrive in spite of them.

Responding to a Client’s Request for Defense and Indemnification
 

Responding to a Client’s Request for Defense and Indemnification

Posted: May 11, 2018
Used effectively, an engagement letter can be a flexible and useful tool that describes and defines the engagement between the CPA firm and the client but also serves to appropriately allocate risk between the parties. A CPA firm should not be disconcerted by a client’s request for indemnification.