Practice Management

Time to review your policies, update your engagement letters and prepare for lawsuits.

Tax professionals have been clamoring for more detail and clarity regarding whether (and under what circumstances) corporations and partnerships must file Schedules K-2 and K-3, particularly where they have little or no foreign activity and shareholders or partners.

While most midsize firms are folding into the largest players, the company could take an alternate path if it builds on its record recruiting.

Chief financial officers should establish the KPIs and targets for the updated priorities and do this hand in hand with their chief executive officer.

Firm retreats and annual meetings for all hands help staff stay engaged and committed to a firm and its success.

New clients and next season's fees; CP504's 'real' meaning; cropping out; and other highlights from our favorite tax bloggers.

CFOs can advise and lead the executive team in determining where to invest for the most benefit to the company.

The goal is to sniff out "dishonest climate accounting and other actions designed to circumvent the need for deep decarbonization."

Offering training and learning opportunities is valuable, whether the employee stays with the firm or not.

Escaping the tax grind can help you move up to more valuable services and relationships.