Fire-Proofing Your Practice from Professional Risk

Learn how to protect your practice from professional risk with practical strategies for tax professionals.

In this session, we cover:

• Challenging Environment

  • Digital Disruption

  • More Engaged Public

  • Generational Change

  • Increased Regulation

• Firm’s Core Competencies

• Engagement Letters

  • Taxation Engagement Letters

  • What should be included?

  • Scoping services

  • Providing draft advice

• Client Correspondence

  • Advice letters

  • Discussion papers

  • Safeguards: Disclaimers, Reasonable Arguable Positions, and more

• Getting Insurance Right

  • Professional Indemnity (PI) Insurance

  • Other recommended insurances

  • Limited liability under professional standards legislation