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Tax E-Alerts

News you can use on tax regulations, court decisions, legislation, and practice management.

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As a tax practitioner, you may have contemplated adding personal financial planning services to your practice. There is a natural progression to go from being your client's most trusted tax advisor to also being their most trusted personal financial advisor. But you have questions: will it be profitable? How do I get started? What are other CPA firms doing? All of these questions are addressed in a new research study published by the AICPA's PFP Section that can show you how to expand your services into this lucrative niche area that is a great compliment to your tax practice.

The Personal Financial Planning Section of AICPA and Moss Adams LLP are pleased to announce the results of their first joint study of CPA financial planning and advisory practices- AICPA/Moss Adams CPA Financial Planning Practice Study.

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Statements on Standards for Tax Services

This section covers AICPA professional standards and ethics specifically related to delivering tax services, including the Statements of Standards for Tax Services.

 

Standards


AICPA Statements on Standards for Tax Services
This document sets forth ethical tax practice standards for members of the AICPA. NOTE: Revised Statements on Standards for Tax Services have been exposed for comment. See Proposed Standards - Exposure Draft below. Learn More>>

SSTS Interpretation No. 1-2, Tax Planning
Interpretation 1-2 offers additional guidance to members when providing services in connection with tax planning. Learn More>>

Proposed Standards - Exposure Draft

Revised Statements on Standards for Tax Services have been exposed for comment. The comment period ends on May 15, 2009. Learn More>>

Articles

AICPA Issues Exposure Draft for Revised SSTSs

Journal of Accountancy, May 2009.  Proposed revised Statements on Standards for Tax Services (SSTSs) have been exposed for comment.  The proposed SSTSs reflect updates and clarifications to the current SSTSs.  Learn More>>

 

Proposed Statements on Standards for Tax Services are Previewed

The Tax Adviser, May 2009.  The proposed revised Statements on Standards for Tax Services are previewed in this article.  Learn More >>


AICPA Sets Forth Standards for Tax Practice

In 2000, the AICPA adopted eight Statements on Standards for Tax Services as enforceable standards for AICPA members, replacing the Statements on Responsibilities in Tax Practice. What issues did the Tax Executive Committee face in turning the advisory SRTPs into mandatory SSTSs? And how will members be affected? Learn More>>

 

AICPA Issues Interpretation 1-2 on Tax-Planning Services
In 2003, in response to congressional inquiries, the Tax Executive Committee formed a task force to see whether the AICPA needed to address any real or perceived improper behavior by CPAs with regard to tax shelters and whether the eight statements on standards for tax services (SSTSs) adequately addressed abuses. Learn More>>