Communications between a taxpayer and a nonlawyer accountant
acting alone are not covered by the attorney-client privilege.
was referred to me by a corporate attorney," says entrepreneur De'Andre Salter.
But with court dockets jammed and expenses sky high, more family law attorneys are suggesting that divorce clients agree to hire one accountant
instead--a neutral CPA--to help the parties stay out of court.
Deputy Chief Accountant
Scott Taub had been Acting Chief Accountant
since the departure of former Chief Accountant
Donald Nicolaisen in October 2005.
is responsible for the detection of fraud, and for compliance with all requirements of Education Code section 41020(g).
The Second Circuit adopted the law firm's foreign language translator analogy and concluded that because the law firm's use of an accountant
to assist it in understanding the content of the client's business and financial affairs fostered attorney-client communications and the giving of legal advice, the accountant
's communications with both the lawyer and the taxpayer were privileged.
The changes in the role of the accountant
have required them to have increased specialization, particularly in the field of real estate.
The federal bank and thrift regulatory agencies on August 8, 2003, issued final rules governing their authority to take disciplinary actions against independent public accountants
and accounting firms that perform audit and attestation services required by section 36 of the Federal Deposit Insurance Act.
Bear in mind that your accountant
needs your file one day a year to prepare taxes, based on static information; for the rest of the 364 days, your file is a window on your ongoing financial progress.
A qualified accountant
has to undertake at least three years training with a firm authorised by the Institute of Chartered Accountants
and has to pass stringent exams on financial management, auditing, business strategy, taxation and IT.
Charge your accountant
with this principal responsibility, and expect your CPA to take a lead role -- actively offering suggestions to improve managing your practice's finances.
Unfortunately, the accountant
misunderstood the statute and failed to properly complete and check the appropriate generation-skipping portion of the tax form.