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August 2022

20 | Making the partnership 36 | Technology Q&A
decision This month’s column shows how to
Becoming an equity partner at derive a sum from cells using 3D
a CPA firm is a dream of many formulas and how to use LOWER,
a young accountant. But CPAs UPPER, and PROPER functions
should ask some important ques- to organize customer names
tions when considering whether to consistently.
take the plunge.
40 | The Last Word
Susan M. Tillery, CPA/PFS, helps
clients reach their personal financial
goals as president and co-founder
of Paraklete Financial Inc. and
co-owner of Financial Planning
Advocate LLC, both in Kennesaw,
Ga.
26 | 2022 tax software survey
See how CPAs rated their tax
preparation software’s performance
and features.
This month’s TOP STORIES
COLUMNS

8 | Untangling client 4 | Professional Liability
affiliates Spotlight
Malpractice claims in 2021 and
The AICPA Code of Professional Conduct future predictions
requires CPA firms to identify all their A look at claims against CPA
financial statement attest client affiliates. firms in 2021 reveals some changes
ON THE COVER: IMAGE BY OSAKAWAYNE STUDIOS/GETTY IMAGES; TOP LEFT: IMAGE BY PM IMAGES/GETTY IMAGES;
However, determining which entities from prior years and points to
count as affiliates can be difficult. These future trends in this area.
examples can help.
32 | Tax Matters
14 | Fraud is suspected: Now Tax Court: IRS counsel may reject
what? administrative innocent-spouse
MIDDLE: IMAGE BY MICROSTOCKHUB/ISTOCK; RIGHT: PHOTO BY PHIL SKINNER/AP IMAGES
Follow these do’s and don’ts for approval
auditors who stumble onto possible IRS agent’s receipt of a copy of an
wrongdoing affecting a company’s LLC’s return constitutes its filing,
financial statements. Ninth Circuit holds

AICPA: Where to turn

Member Service Center AICPA Technical Hotline AICPA Tax Section
1-888-777-7077 1-877-242-7212 Visit www.aicpa.org/tax to
Or chat with us at www.aicpa.org. 9 a.m.–8 p.m. ET, Monday–Friday stay current on the latest tax
Chat and phone service available us.aicpa.org/research/technicalhotline.html developments and access guidance,
9 a.m.–8 p.m. ET, Monday–Thursday The hotline is available for questions about tools, and learning on key topics and
and 9 a.m.–6 p.m. ET, Friday accounting, auditing, and attest. A live chat trending issues.
feature is also available.

journalofaccountancy.com August 2022 | 3