BPM Tax Philosophy Statement
“As a proud Certified B Corp, BPM LLP is committed to upholding the highest level of integrity in our business. We recognize the beneficial role of taxes in a healthy society to help our clients, communities, and colleagues all over the world succeed. We use a personalized, comprehensive approach to provide fair tax consulting, planning, and compliance advice while at the same time ensuring that any strategies proposed proposed are supportable if questioned by tax authorities.”
In keeping with this philosophy, we do not mass-market tax products or strategies and fully adhere to tax laws in an effort to produce the most favorable outcomes for our clients in the jurisdiction in which we are counseling our clients. Throughout the tax planning process, we proactively bring sound tax planning ideas to our clients that appropriately reflect the amount of income and operations provided to us in that jurisdiction.
In accordance with this tax philosophy, we engage collaboratively with government and tax authorities and limit our advocacy activities with such authorities to:
(a) work for specific clients in need of regulatory compliance assistance and
(b) providing financial support to the bipartisan AICPA PAC which advocates for the interests of the accounting industry as a whole (which may sometimes include limited tax advocacy).
To ensure all tax consulting and compliance advice meets these standards and addresses our interactions with government and tax regulators, our services are conducted in accordance with the AICPA’s Statement on Standards for Tax Services as well as Treasury Department Circular 230 and other applicable professional standards as well as applicable federal and state laws. We have a Quality Control document that discusses these items and expands on some of the rules to ensure we meet these standards.
Additionally, we conduct regular training of all employees and partners, maintain internal policies on conduct, document engagements with our clients, and regularly review client retention. Moreover, we have a Red Flag Reporting system in place for employees to easily, securely, and anonymously report, escalate, and investigate concerns, including ethics, compliance, safety, fraud, and whistleblower issues.