Fixed or Flex? Tax Preparers Discuss Fees (Accounting Today) Fees are the fuel that keeps your practice running, yet many preparers hesitate to shake up fee structures no matter what those structures depend on.
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Accountant's advice is privileged (Tax Adviser) The 2nd Circuit Court of Appeals found that a taxpayer did not waive his privilege when he shared documents prepared by his accountant with a group of banks with which he had a common legal interest. Accordingly, the taxpayer did not have to give the documents to the Internal Revenue Service.
Getting the Most Out of Your Tax Review Meetings (Accounting Web) Today, more than ever, you need to bring greater value to each client relationship â continually reinforcing the advantages of your knowledge and experience, and seeking out opportunities to demonstrate those vital benefits.
FASB update clarifies revenue recognition issue (JoA) The Financial Accounting Standards Board issued a standards update on Thursday clarifying how to implement guidance on principal versus agent considerations in determining how to recognize revenue.