Is Your CPA Up To Date On The Latest Tax Law Changes?

When tax laws change, it is important for CPAs to be up to date on them. This knowledge can ensure they provide their clients with accurate advice and services!

The IRS

Every year or so, the authorities alter the rules and laws that govern taxation. This is a constant concern for both tax professionals and clients alike. The IRS is one organization that enacts the laws, and it normally publishes a summary of the changes as well as a comprehensive list of related topics. However, it is up to the tax professionals to ensure that their firm and staff members are aware of all the changes in order to provide better service to their clients.

AICPA

The American Institute of Certified Public Accountants, or AICPA, represents CPAs with regards to rule-making and standard-setting in the accounting industry. It also serves as an advocate before legislative bodies and public interest groups. In addition, the organization provides members with resources, info, and leadership to help them deliver their CPA services in the most efficient and professional manner possible. It also monitors and enforces CPAs’ technical and ethical standards.

The State Government

Tax laws are complex, and they change a lot. They also vary from state to state and year to year. One of the best ways to find out if your CPA is up to date on the latest tax law is to look to your state’s government for answers. Each state has a tax department that keeps tabs on the latest and greatest, from changes in filing requirements to new taxes and credits. Your state may have a website or contact info for the local board of accountancy, where your accountant earned their professional designation. For example, the NASBA has a tool called “CPAverify” that will tell you if your accountant holds an active license and has the relevant credentials in their portfolio. If you are unsure about whether your CPA has the credentials, call their office and ask for an orientation tour or to schedule an appointment. With the right information, you can trust your accountant to take care of your tax preparation and other accounting needs.

Priscilla A. Chesler CPA PC

Here at Priscilla A. Chesler CPA PC, our CPAs  work hard to stay current on the latest tax laws. As we’ve discussed, it’s important to keep up with these changes and know what they mean for you. In addition to preparing tax returns and providing accounting services, our CPAs offer a variety of other tax-related services. Contact our full-service accounting team today to learn more about our services: https://pchesler.com/contact-us/