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U of I Tax School

Practice Management

Guidance on running a tax practice, managing risk, and meeting compliance obligations.

Five Client Conversations Every Tax Practitioner Should Have Before Year-End

Five Client Conversations Every Tax Practitioner Should Have Before Year-End

A third-quarter client check-in can uncover life changes, income issues, filing status considerations, tax-saving opportunities, and business concerns while there is still time to act.
Disengaging From a Client: Why Having a Plan Matters

Disengaging From a Client: Why Having a Plan Matters

Disengaging from a client requires more than ending communication. This article outlines practical steps tax practitioners can take to document the process, reduce risk, and maintain professionalism when ending a client relationship.
Tax Considerations & Knowledge Transfer in Practice Succession

Tax Considerations & Knowledge Transfer in Practice Succession

Successful succession planning involves more than transferring ownership or assets. Knowledge transfer plays a key role in helping the next generation understand business operations, tax responsibilities, decision-making processes, and long-term planning strategies. This article explores tax considerations that can affect knowledge transfer and why communication and documentation matter during a transition.
How to Structure Your Tax Practice Transition and Prepare for the Unexpected

How to Structure Your Tax Practice Transition and Prepare for the Unexpected

Succession planning for a tax practice involves more than timing a sale. This article explores how to structure transitions, prepare for emergencies, and evaluate your firm with the right valuation approach.
Keeping Clients Confident and Your Succession Plan Up to Date

Keeping Clients Confident and Your Succession Plan Up to Date

How you communicate a transition can shape how clients respond. This article outlines practical ways to inform clients, maintain confidence, and keep your succession plan current.
Assessing Your Tax Practice and Identifying a Successor

Assessing Your Tax Practice and Identifying a Successor

Succession planning doesn’t start with choosing a successor. It starts with understanding your practice. In this second post in our succession planning series, we look at how to organize your operations, document key responsibilities, and begin evaluating potential successors.