Draft State Model Legislation on Partnership Audits

States will need to consider how the new partnership audit rules will affect their collection of state taxes on federal adjustments as well as issues related to residency, apportionment, and nexus. With many state tax issues involved, the AICPA is working with several...

Best Practices for Acquiring Clients

Agreeing to accept a client who is out of your reach (due to capacity, scope of work, complexity, or a host of other reasons) for the sole reason of adding business is almost always a bad idea. My experience has led me to understand fully the cost and risks associated...

Nano Learning: A Short Story

The AICPA is currently building a comprehensive nano learning library to provide members with quick, needs-based access to lessons that will help practitioners get information they need. The Tax Section Nano Library is the first step in the creation of a much more...

Firm Culture

Too often, CPAs are caught up in the next deadline, the next project, the next possible law change, etc. Finding time to devote to the culture of your firm can be difficult. Despite the challenges of being able to address culture, it is important to address the issue...