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What’s new in sales tax?

TaxConnex

Auditors slapped Amazon with some $12.5 Utah has shelved a bill that would have reduced the remote seller transactions threshold this year. After initial incentives from South Carolina for an Amazon investment in fulfillment centers 13 years ago, the company was to have begun collecting South Carolina sales tax in 2016.

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Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB

Going Concern

BDO RCS Auditores Independentes – $30,000 civil money penalty and censure. Grant Thornton Auditores Independentes Ltd. – $20,000 civil money penalty and censure. The PCAOB said: In December 2016, the Utah DOPL simultaneously initiated and concluded disciplinary proceedings against Grant Thornton (“Utah Proceeding”).

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Sales tax and nonprofits

TaxConnex

Location, location, location 501(c)(3) organizations are exempt from sales tax on their purchases in Colorado and in Utah. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. How important are these certificates?

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Professionals on the Move – Dec. 2023

CPA Practice

Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. The 2023 H&R Block Featured Franchisees of the Year, Elite 25, and Top 100 include: Featured Franchisees of the Year Anthony Temple, Mich. Dawn Every, N.Y.

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Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

has hired KPMG LLP to vet its financial statements almost three months after its auditor of 28 years quit amid a tumultuous period for the food storage container business. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin. Randy bunch, those EYers.

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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

The move would boost competition for US law firms, who are already seeing non-lawyer-owned legal operations gaining footholds in states such as Arizona and Utah that are testing new service-delivery models. Britain’s biggest companies and their auditors are playing a £10bn game of musical chairs. Do you have a wandering eye?

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000. What Role Should Auditors Play in Corporate Compliance? Roy Shapira and Luigi Zingales suggest a simple modification that addresses auditors’ concerns while improving the effectiveness of corporate compliance.