Internal Revenue Code (IRC): Federal tax regulations that govern tax reporting and compliance requirements for bookkeeping services
Bank Secrecy Act (BSA): Federal law requiring financial record-keeping and reporting for anti-money laundering purposes
AICPA Professional Standards: Professional guidelines and ethical requirements set by the American Institute of Certified Public Accountants
GAAP Compliance: Generally Accepted Accounting Principles that set the standard for financial accounting and reporting
SSARS Requirements: Statement on Standards for Accounting and Review Services providing guidance for accounting engagements
State Accountancy Laws: State-specific regulations governing accounting and bookkeeping practices
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data
State Contract Laws: State-specific requirements governing the formation and enforcement of professional service contracts
Professional Liability Requirements: Insurance and liability provisions required for professional bookkeeping services
Document Retention Rules: Federal and state requirements for maintaining and storing financial records and related documents
Fair Labor Standards Act: Federal law governing wage and hour requirements that may affect payroll-related bookkeeping services
State Privacy Laws: State-specific requirements for protecting client financial and personal information
