Risk Management Archives

Risk Management Considerations for Firms Contemplating Outsourcing

January 11, 2023January 6, 2023 by Amber

A computer with a map and highlighted countries on it

Outsourcing is a hot topic right now for the profession as CPA firms struggle with staffing constraints. Current challenges associated with firms attracting and retaining talent are expansive and include issues such as staffing qualified professionals for complex engagements, employee burnout, unrealistic and “heavy” workloads, as well as limitations on the ability to maintain and … Read more

Dilemmas Employee Retention Credits Pose for CPAs

February 27, 2023January 6, 2023 by Amber

Ethical Dilemmas Many CPAs are considering (or have used) contingent fee billing arrangements to assist their clients with obtaining Employee Retention Credits (ERC). Unfortunately, many believe they’re permitted to accept contingent fees for amending their clients’ payroll tax and income tax returns. But CPAs are not permitted to charge contingent fees for amending these returns … Read more