Question

In: Accounting

Are CPAs required to communicate tax advice and the results of research projects to clients in...

Are CPAs required to communicate tax advice and the results of research projects to clients in writing?

Solutions

Expert Solution

Tax Advisior

A tax advisior also known as CPA certified public accountant, is an accounting professional who help in minimize the burden of tax for the client.

A good tax advisior help to sace money and time and also help to invest in the profitable projects by their experience. For better of the financial needs and proper planning a good tax advisior time to time consult the clients and give suggestion to avoid tax in many ways but in the legal way.

one of the most important things an enterpeneur can do to protect their wealth and also invest in a profitable manner with maximum output at minimum cost.

Communication from time to time is necessary to the tax advisior to know the problem and solve the issue in better way an deffective way not only for the running work but also for the research work in th enera future.

Best CPA is one whose thinking is not linear but always non-linear that take advantage of the environment and get benefited to the clients in short period and in the long periods. tax advisior provides detail knowledge to the client for the research work and advise to invest in most effective manner. So, that not only client but also country get benefited from them in a positive way.  


Related Solutions

Question CPA firms are required to communicate with managers and board of directors of clients regarding...
Question CPA firms are required to communicate with managers and board of directors of clients regarding the following aspects, The CPA and their clients’ responsibility; The CPA planned audit timing and audit scope; The critical audit matters the CPA firm identified during the audit, for which they believe these matters should be communicated with the board of directors. The CPA firm independence. Please select one public firm and refer to its latest annual report or other information, prepare a letter...
Roberts and Chou, CPAs, offer three types of services to clients: auditing, tax, and small business...
Roberts and Chou, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2016: Billable Hours Audit Department: Staff 33,200 Partners 5,000 Tax Department: Staff 24,600 Partners 3,100 Small Business Accounting Department: Staff 4,600 Partners 600 The average billing rate for staff is $125 per hour, and the average billing rate for partners is $245 per hour....
you will cover the options you have to communicate tax updates to clients. With the ever-changing...
you will cover the options you have to communicate tax updates to clients. With the ever-changing tax rules that come into effect every year, what options would you use to notify your client of the changes to the tax code that may affect them? Give several specific examples of different circumstances that warrant a communication and the services that you would subscribe to for each example. Give an example of a tax change that occurred this year that you would...
"Interpreting Tax Research and Tax Representation Guidelines" Compare the American Institute of CPAs’ (AICPA) Statements on...
"Interpreting Tax Research and Tax Representation Guidelines" Compare the American Institute of CPAs’ (AICPA) Statements on Tax Standards (SSTS) and the Treasury Department Circular 230 rules to practice before the Internal Revenue Service (IRS). Suggest which document creates better guidance in the preparation of tax returns and written advice provided to taxpayers. Suggest measures the AICPA could take to ensure that CPAs are compliant with either set of standards. Defend your position.
"Interpreting Tax Research and Tax Representation Guidelines" Compare the American Institute of CPAs’ (AICPA) Statements on...
"Interpreting Tax Research and Tax Representation Guidelines" Compare the American Institute of CPAs’ (AICPA) Statements on Tax Standards (SSTS) and the Treasury Department Circular 230 rules to practice before the Internal Revenue Service (IRS). Suggest which document creates better guidance in the preparation of tax returns and written advice provided to taxpayers. Suggest measures the AICPA could take to ensure that CPAs are compliant with either set of standards. Defend your position.
The Wolfson Group​ (WG) provides tax advice to multinational firms. WG charges clients for​ (a) direct...
The Wolfson Group​ (WG) provides tax advice to multinational firms. WG charges clients for​ (a) direct professional time​ (at an hourly​ rate) and​ (b) support services​ (at 30% of the direct professional costs​ billed). The three professionals in WG and their rates per professional hour are as​ follows: Professional Billing Rate per Hour Matthew Wolfson 500 Ashley Bryant 130 Jack Anderson 60 WG has just prepared the May 2017 bills for two clients. The hours of professional time spent on...
How do CPAs serve as" the moral conscience" of their clients ? Explain in details
How do CPAs serve as" the moral conscience" of their clients ? Explain in details
Java or python. The clients need to be able to communicate with each other using the...
Java or python. The clients need to be able to communicate with each other using the command line. The "local chat" program should be implemented using a client/Server model based on UDP protocol. Requirements: 1. The chat is performed between 2 clients and not the server. 2. The server will first start up and choose a port number. Then the server prints out its IP address and port number. 3. The client then will start up and create a socket...
PART 1: WHAT ARE THE DUTIES OF DIRECTORS, OFFICERS, AND CPAS TO THEIR CLIENTS/BUSINESSES? DEFINE WHAT...
PART 1: WHAT ARE THE DUTIES OF DIRECTORS, OFFICERS, AND CPAS TO THEIR CLIENTS/BUSINESSES? DEFINE WHAT EACH ONE MEANS.   PART 2: DESCRIBE AND ELABORATE ON THE DEFENSES AN AUDITOR HAS FOR A FRAUD CLAIM.
What information (and to who) is the auditor required to communicate at the conclusion of an...
What information (and to who) is the auditor required to communicate at the conclusion of an audit?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT