TaxConnex

FEBRUARY 1, 2024

Sending the states what you owe: Your filing and remittance solutions need to accommodate multiple data files and formats, e-file and paper returns, electronic payments and checks, notice management and resolution, tax calendar updates and an audit trail to minimize penalty assessments. This is a pivotal step in your compliance.

Sales 229

Sales Tax Minnesota Colorado 229

TaxConnex

JUNE 22, 2023

The birth-state of Wayfair joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. Colorado apparently listened and is exempting retailers whose sales of tangible personal property, commodities or services in the state in the previous year totaled $500,000 or less.

South Dakota 130

South Dakota North Dakota Colorado Minnesota 130

TaxConnex

JUNE 20, 2023

South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. Starting Aug.

South Dakota 185

South Dakota North Dakota Wisconsin Iowa 185

Going Concern

SEPTEMBER 15, 2023

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. The administration did not present a budget for Internal Audit during the hearings.

audit 109

audit Colorado CPA Texas 109

TaxConnex

AUGUST 25, 2022

Even in states without a tax of their own, like Alaska and Colorado, locally administered sales tax can be a nightmare for remote online businesses. Audits are a clear danger. If you and your company haven’t been hit with a sales tax audit yet, congrats. Not someone who will ask you to take a number and wait for a response.

Sales 164

Sales Tax audit Alaska 164

CPA Practice

JANUARY 11, 2023

As chief accountant, Munter will continue to lead the Office of the Chief Accountant and serve as the principal advisor to the SEC on accounting and auditing matters. I look forward to continuing to support work that improves the quality of financial reporting and auditing domestically and internationally. Munter earned his Ph.D.

Colorado 52

Colorado Account accountant accounted 52

Going Concern

FEBRUARY 9, 2024

The Use Of AI By Financial Executives And Their Auditors [ Forbes ] Artificial Intelligence (AI) is starting to have the capabilities to improve both financial reporting and auditing. However, both companies and audit firms will only realize the benefits of AI if their people are open to the information generated by the technology.

Technology 102

Technology Colorado audit cpa firm 102

TaxConnex

FEBRUARY 16, 2023

Companies struggle to keep up with the ever-changing tax rules across state, county and city jurisdictions including states like Alaska, Illinois, Colorado and others with locally administered taxes. Again, most companies (57%) use internal resources to calculate the amount of sales tax to add to their invoices. Manual, cumbersome processes.

Sales 130

Sales Tax Alaska Missouri 130

Going Concern

JANUARY 16, 2024

Project Everest head cheerleader Andy Baldwin had some things to say at Davos : Breaking up EY into separate consulting and auditing companies would have increased growth potential as the company grapples with the need for capital to invest in technology and AI to stay competitive, EY’s global managing partner Andy Baldwin said on Tuesday.

Account 122

Account accountant accounted audit 122

CPA Practice

OCTOBER 18, 2023

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. Two others have the dubious distinction of getting honorable mention: Alabama and Kansas.

Sales 59

Sales South Dakota Tax Missouri 59

Withum

SEPTEMBER 16, 2022

Alabama, Alaska, Arizona, Colorado, and Louisiana are “home rule” states which permit the municipalities or counties to govern themselves with certain restrictions. For example, Colorado has 271 municipalities, but only 72 municipalities have opted to self-collect sales tax. Let’s Talk.

Sales 80

Sales Retail Tax South Dakota 80

TaxConnex

MAY 11, 2021

In a few states, most notably Alabama, Colorado, and Louisiana, there are separate local level returns that you are required to file. Colorado alone has 73 home-rule jurisdictions each requiring their own sales tax return to be filed. Taxable sales amount. Sales tax collected. Specialty or reduced tax amounts.

Sales 131

Sales Tax Colorado tax return 131

TaxConnex

OCTOBER 4, 2022

You also have to manage and respond to all of the notices from jurisdictions (and there will be a lot), manage sales tax audits, respond to nexus questionnaires by the jurisdictions, and maintain an accurate tax calendar to include changes in filing frequencies as well as filing and payment methodologies. Are they experienced with auditors?

Sales 130

Sales Tax tax return Colorado 130

Going Concern

MAY 1, 2024

BDO’s claim is that restrictive covenant obligations state that Crandell may not, directly or indirectly, solicit or perform accounting, auditing, tax, and/or consulting services for BDO clients for whom he directly provided substantive services during his partnership in and later employment with BDO. They all work at Armanino now.

Colorado 70

Colorado Non-Profits Tax Florida 70

CPA Practice

MAY 24, 2023

In an article published by the Colorado Society of CPAs , Lisa Hackard, an audit partner with KPMG, said it’s critical for accounting firm leaders to really listen to what employees are saying in casual conversation. How do they show up to virtual, in-person, or phone meetings, or even through email?”

Account 102

Account accountant accounted Colorado 102

CPA Practice

MAY 27, 2023

In an article published by the Colorado Society of CPAs , Lisa Hackard, an audit partner with KPMG, said it’s critical for accounting firm leaders to really listen to what employees are saying in casual conversation. How do they show up to virtual, in-person, or phone meetings, or even through email?”

Account 98

Account accountant accounted Colorado 98

CPA Practice

MAY 17, 2023

Schaal is a member of the Colorado Bar Association and holds a bachelor’s degree in political science and a master’s degree in resource management from the University of South Carolina, Columbia. in Taxation from Denver University in Colorado. Mr. Sweeney has managed audit teams throughout Asia, Australia, Europe and the United States.

South Carolina 52

South Carolina North Carolina Colorado audit 52

Going Concern

NOVEMBER 28, 2022

The BLS industry profile describes “accounting” thusly : 43-3031 Bookkeeping, Accounting, and Auditing Clerks. Colorado Springs, CO. Additionally, metros were grouped into cohorts based on population size: small (100,000–349,999), midsize (350,000–999,999), and large (1,000,000 or more). Albany-Schenectady-Troy, NY.

accountant salary 117

accountant salary Account accountant accounted 117

CPA Practice

MARCH 28, 2024

His consulting services ranged from management audits and firm reviews to partner retreats and staff training programs. And the years of hands-on experience have given him uncommon insight into the tough issues of practice management, administration, and growth.”

CPA 64

CPA Pennsylvania cpa firm cpas 64

MyIRSRelief

MAY 24, 2023

EAs can also represent taxpayers before the IRS in audits, appeals, and collection proceedings. Tax lawyers can help you with a variety of tax issues, including: Audits Appeals Collection proceedings Criminal tax matters If you are facing a complex tax issue, it is important to seek help from a tax lawyer.

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

CPA Practice

NOVEMBER 30, 2023

Valid8’s technology provides verified evidence for a wide variety of complex financial matters and white-collar crime investigations, including Medicaid fraud, partnership disputes, asset division, high-net-worth divorces, M&A diligence, audit and Chapter 11 bankruptcies.

forensic accounting 64

forensic accounting Technology Account accountant 64

TaxConnex

DECEMBER 29, 2022

Colorado and Florida were among states considering or granting sales tax breaks on baby items. Colorado, for instance, began imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state, the seller responsible for collection and remittance. Push back increased against some sales tax measures.

Sales 130

Sales Tax Maryland Louisiana 130

MyIRSRelief

MAY 24, 2023

EAs can also represent taxpayers before the IRS in audits, appeals, and collection proceedings. Tax lawyers can help you with a variety of tax issues, including: Audits Appeals Collection proceedings Criminal tax matters If you are facing a complex tax issue, it is important to seek help from a tax lawyer.

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

TaxConnex

MARCH 10, 2022

Colorado home-rule jurisdictions jumped on the economic nexus bandwagon as well. Now that the pandemic helped them discover just how lucrative sales tax can be, states and jurisdictions are also intensifying sales tax investigations and audits. Louisiana worked to streamline its notoriously confusing sales tax environment; and Kansas?set

South Dakota 187

South Dakota Sales Tax Maryland 187

Going Concern

MAY 12, 2023

Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., In 2021, the Big Four audited a quarter of China’s 98 central SOEs, but EY led the pack earning about 12% of its revenue in the country from these giant corporations. “It is a candidate-driven market which is moving at pace.

CPA 109

CPA Account accountant accounted 109

CPA Practice

OCTOBER 24, 2023

Many small businesses don’t know how hard these local taxes can be until they are over their head and perhaps already facing a sales tax audit, according to Brian Miller, a CPA and tax manager at indinero , a financial advisory firm that offers outsourced CFO, tax, compliance, payroll, accounting and bookkeeping services.

Sales 111

Sales Tax bookkeeping services bookkeeping 111

PYMNTS

DECEMBER 15, 2020

More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec. 31, 2019, according to the announcement.

Sports 88

Sports California Hawaii Arkansas 88

Going Concern

SEPTEMBER 1, 2023

Audit Battle lines drawn over auditors’ role in combating fraud [ AccountancyAge “Patisserie Valerie pushed the issue of auditor responsibility [for fraud detection] to the fore after so many accounting scandals. EY Assurance teams now process over 775b lines of journal entry data each year, as part of the EY digitally transformed audit.

Account 109

Account accountant accounted audit 109

PYMNTS

JANUARY 13, 2020

About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter. The case coincided with another cybersecurity incident at a Colorado water supplier, in which fraudsters infiltrated the utility platform of Aurora Water to steal customer information.

B2B 89

B2B Kentucky Colorado Minnesota 89

MyIRSRelief

NOVEMBER 29, 2019

The consequences can range from, levying your bank accounts, auditing your company’s tax account to filing criminal charges. Audit tax records – If the IRS determines that a company has not fulfilled its tax obligation, the first thing that they will do is perform an audit to determine the full extent of the payroll employment tax bill.

payroll 140

payroll payroll tax Tax income tax 140

TaxConnex

FEBRUARY 8, 2022

to Colorado Springs, Colo., There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Oh Joy, oh revenue! State sales tax revenues and their local portions are reported up from Auburn, N.Y., from Santa Barbara, Calif., to Mukilteo, Wash.,

Sales 173

Sales Tennessee Tax Massachusetts 173

Going Concern

NOVEMBER 17, 2022

Hopefully Uncle D will do a bang-up job this time for the state of Michigan, unlike some of the other state unemployment benefits systems it has handled (or mishandled) like Florida, Illinois, Colorado, and California. The Detroit Free Press reported on Nov. billion in fraudulent unemployment claims since the start of the pandemic.

Rhode Island 52

Rhode Island Michigan Ohio Illinois 52

Going Concern

APRIL 6, 2022

Starting salaries in Tax and Audit are up ever-so-slightly from 2021: Tax. Audit and assurance services. The report features projected salary ranges for nine positions—four in audit and five in tax—broken down by experience from those with little to no experience in the position to highly-experienced, well-credentialed professionals.

accountant salary 66

accountant salary Account accountant accounted 66

ThomsonReuters

JANUARY 2, 2024

Current state PFML programs The Working Group also met with representatives from Colorado, New Hampshire, New Jersey, Massachusetts, Washington, and the District of Columbia to discuss their PFML programs. She also endorses internal audits at the end of the year. These state programs vary in terms of their approach.

Legal 52

Legal New Hampshire Colorado New Jersey 52

TaxConnex

FEBRUARY 25, 2021

A number of states - including Colorado, Georgia, Pennsylvania and Washington and more - have chosen to offer remote sellers the option of complying with strict use tax notification and reporting requirements rather than registering for sales tax under nexus provisions. Use tax or sales tax is due on a sale, but not both.

Rhode Island 151

Rhode Island Tax Colorado Georgia 151

CPA Practice

SEPTEMBER 25, 2023

Auriemma has experience providing audit services to clients in the commercial industries, banking and financial institutions, as well as a variety of benefit plans. Woburn, Massachusetts Amanda Auriemma, CPA, of Wakefield, MA, has been promoted to Manager in the assurance practice. The Denver office, CohnReznick’s 30 th office in the U.S.,

New Hampshire 105

New Hampshire Massachusetts CPA Real Estate 105

PYMNTS

FEBRUARY 13, 2020

states including Colorado and Louisiana, which are testing DDLs from a group of tech firms. It’s a complement to the card that can be used in situations that warrant more security, privacy, safety and a digital audit trail. Passports aside, the U.S. Digital driver’s license (DDL) programs are popping up in several U.S.

Louisiana 60

Louisiana Colorado Technology audit 60