The AICPA Tax Section is today providing several examples of consent forms which have been developed by CPA members for their discussions or consultations with individual clients.
GET THE FREE DOWNLOAD: Four sample consent forms (Word document, 8 pages)
According to the AICPA:
IRS regulations on the unauthorized disclosure of tax return information went into effect on January 1. Absent a specific exception, Treas. Reg. section 301.7216 generally prohibits the disclosure or use of tax return information without the client’s explicit, written consent. Under section 7216, a tax return preparer is subject to a criminal penalty for “knowingly or recklessly†disclosing or using tax return information. Each violation of section 7216 could result in a fine of up to $1,000 or one year imprisonment, or both.
AICPA members who are engaged in tax return preparation and tax planning services need to become familiar with Treas. Reg. section 301.7216 and Revenue Procedure 2008-35, the authoritative guidance with respect to a preparer’s disclosure or use of tax return information.
More at the AICPA: New Section 7216 Regulations Become Effective
RELATED: NEW IRS Reg 7216 Worries, Confuses CPAs. But Help Is on the Way.
The crashing economy is starting to show it’s effects on tax and accounting employment, typically among the last of the economic sectors to be hit in a recession.
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Even in a recession, hiring never stops. And especially in a recession, it’s never more important to get it right.
Here are seven tips from the Oklahoma Society of CPAs:
1 – Welcome new employees before their official start date. Though a basket full of goodies would be nice even a small hand-written note from the employer expressing gratitude to the employee will work.
2 – Before the new person starts, announce the hire internally and provide background on the new team member and encourage fellow employees to make the newbie feel welcome.
3 – On the first day, the employee’s supervisor should be available to take him or her to lunch and introduce him or her to other employees. If this isn’t feasible, assign this role to a colleague. Failing to do so sends an unpleasant message.
4 – Ensure that the new employee receives a complete organizational briefing.
5 – Be sure the office is clean and orderly, business cards are ready and computer passwords have been provided.
6 – Explain the organization’s business goals and make sure the new employee understands how vital his or her role is to their achievement.
7 -Clearly establish goals for the employee and check progress.
