Conflict of Client$$s Interests. Jon Williams, CPA, is in the middle of the real$-$life soap opera, Taxing Days of Our Lives. The Cast of Characters Oneway Corporation is Williams$$s audit and tax client. The three directors are the officers and the only three stockholders, each owning exactly one$-$third of the shares. President Raul Jack founded the company and is now nearing retirement. As an individual, he is also Williams$$s tax client. Vice President Jana Jill manages the day$-$to$-$day operations. She has been instrumental in increasing the business and its profits. Jill$$s individual tax work is done by CPA Corin Phil. Treasurer Chris Bill has been a long$-$term, loyal employee responsible for many innovative financial transactions and reports of great benefit to the business. He is Williams$$s close personal friend and an individual tax client. The Conflict President Jack discussed with CPA Williams the tax consequences to him as an individual of selling his one$-$third interest in Oneway Corporation to Vice President Jill. Later, meeting with Bill to discuss his individual tax problems, Williams learns that Bill fears that Jack and Jill will make a deal, put him in a minority position, and force him out of the company. Bill says, $$Jon$,$ we$$ve been friends a long time. Please keep me informed about Jack$$s plans, even rumors. My interest in Oneway Corporation represents my life savings and my resources for the kid$$s college. Remember, you$$re little Otto$$s godfather.$$ Thinking back, Williams realized that Vice President Jill has always been rather hostile. Chances are that Phil would get the Oneway engagement if Jill acquires Jack$$s shares and controls the corporation. Nevertheless, Bill will probably suffer a great deal if he cannot learn about Jack$$s plans, and Williams$$s unwillingness to keep him informed will probably ruin their close friendship. Later, on a Dark and Stormy Night Williams ponders the problem. $$Oneway Corporation is my client, but a corporation is a fiction$$only a form. The stockholders personify the real entity, so they are collectively my clients, and I can transmit information among them as though they were one person. Right? On the other hand, Jack and Bill engage me for individual tax work, and information about one$$s personal affairs is really no business of the other. What to do$?$ What to do$?$

Required: Give Williams advice about alternative actions, considering the constraints of the AICPA Code of Professional Conduct.