ASO: Administrative Services Organization

BPO: Business Process Outsourcing

CAF: Centralized Authorization File

CIT: Corporate Income Tax

CPA: Certified Public Accountant

CPP: Certified Payroll Professional

CRS: Common Reporting Standard

CSM: Customer Success Managers

DPR: Detailed Payroll Report

EIN or FEIN: Federal Employer Identification Number

ERC: Employee Retention Credit

ERCW: ERC Wages

ERTC: Employee Retention Tax Credit

FICA: Federal Insurance Contributions Act

GAAP: Generally Accepted Accounting Principles

HRO: Human Resource Outsourcing

IMF: International Monetary Fund

IRC: Internal Revenue Code

KPI: Key Performance Indicator

LF ID: Lead Flow ID

NPI: Nonpublic Information (SSN, birthdates, address, account number, etc.)

NPO: Non-Profit Organization

NWT: Net Wealth/Worth Tax

PAYE: Pay-As-You-Earn

PCI: Payment Card Industry

PEO: Professional Employer Organization

PPP: Paycheck Protection Program

PTIN:A number issued by the IRS to paid tax return preparers

QA/Q&A: Qualifying and Analysis

RSB: Recovery Startup Business

R&D: Research & Development grant

SEC: Securities and Exchange Commission

SOC: System & Organization Controls

VAT: Value Added Tax

WHO: World Health Organization

Common Tax Abbreviations:

Coronavirus Glossary of Terms

Common Covid Abbreviations