PAGE HEADING

In addition to states that have officially adopted revised interpretations of Public Law 86-272, some states are adopting similar positions for the first time on audit. Taxpayers and their CPAs should be aware of the increasing aggressiveness of states towards the federal law, as well as the overreach of states.

Modern accountants have a lot of steps to take if they want to build a long-lasting business that attracts the right clients.

The following are real-life claims asserted against CPAs in the AICPA Professional Liability Insurance Program. Take note of lessons that were learned the hard way regarding a lack of engagement letters.

As ASC 740 evolves to address the latest business trends and challenges, staying informed and proactive on income tax reporting remains paramount for companies striving to effectively navigate the rapidly shifting terrain.

Both seasoned professionals and novices benefit from expert guidance and reliable sources to bridge the knowledge gap for taxation issues.The ability to conduct effective tax research is crucial for success.