Going Concern

APRIL 12, 2024

Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. Audit firms currently must publicly identify the lead partner on the audits they perform and the other firms that helped with that work. Tesla Korea was subjected to 25.1

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TaxConnex

DECEMBER 1, 2022

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. For tax years beginning on or after Jan. more than in September 2021. Supreme Court.

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Accounting Insight

MARCH 3, 2023

At the same time, offices of finance and T&A firms are grappling with new EU regulations around Open Banking, also known as PSD2, and new taxation and audit standards around cryptocurrencies. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

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Going Concern

JUNE 10, 2022

This latest statement follows a pair of statements issued in October 2021 and December 2021, both of which similarly highlighted auditor independence. The jury also convicted Todd and Julie Chrisley and their accountant, Peter Tarantino, of a number of tax crimes, including conspiring to defraud the IRS.

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CPA Practice

JULY 25, 2023

Those were among the findings of a new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms. That’s a jump of 17 percentage points from the previous quarter, and the highest decrease in travel spending reported since the first quarter of 2021.

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CPA Practice

FEBRUARY 27, 2024

These processes often include accounting and CFO services, financial planning, transaction services, corporate tax compliance and, increasingly, state and local tax compliance, including sales and use tax reporting. Since the Supreme Court’s S.

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ThomsonReuters

DECEMBER 13, 2021

In a recent Thomson Reuters report, “ Indirect taxes: Much more than a process ,” we interviewed more than 30 tax directors around the world and found that the decision to adopt a more sophisticated tax technology solution was usually triggered by two issues.

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Going Concern

JULY 21, 2023

PCAOB inspection reports provide investors, audit committees, and potential clients with important information they can use to make informed decisions. By making that information easier to find and compare, these new tools will empower users to hold firms accountable for producing high-quality audits,” said PCAOB Chair Erica Y.

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ThomsonReuters

DECEMBER 17, 2021

The Global Minimum Tax is the latest initiative spinning off of the Base Erosion and Profit Shifting (BEPS) initiative from the Organisation for Economic Co-operation and Development (OECD). This international alignment on corporate taxation will come with unprecedented global transparency and reporting requirements,” she said. “It

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ThomsonReuters

NOVEMBER 4, 2020

These days, the number one concern of corporate tax departments is clear: keeping up with changing regulations. The first DAC6 reports were originally due in July, however, the EU has extended the key filing deadline to January 1, 2021 due to the COVID-19 pandemic. Why technology is critical for DAC6 compliance.

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ThomsonReuters

DECEMBER 19, 2020

It pays no tax in year 1 and tax of $21,000 in year 2 (assuming a 21% corporate tax rate). So, over two years, A has a $21,000 tax liability on $50,000 of income. As it stands right now, this five-year carryback provision goes away for tax years beginning in 2021.

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Withum

AUGUST 23, 2022

The burning question on everyone’s mind is whether the $80 billion of increased funding for the IRS will meaningfully increase IRS audit rates. According to the 2021 IRS Data Book , the IRS in Fiscal Year 2021 had about 79,000 full-time equivalent (FTE) employees, and about 35,000 of them were dedicated to enforcement activity.

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ThomsonReuters

APRIL 12, 2021

Greater government scrutiny: Aggressive indirect tax audits are expected as soon as this year. Governments seeking to bolster their revenue streams also are likely to increase the number and intensity of indirect tax audits, LeCompte noted. “We’ve Corporate Tax Technology: Stepping into the Future.

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ThomsonReuters

AUGUST 25, 2021

Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Where is your indirect tax team in the journey to becoming more technologically sophisticated? Tax automation is more than just a trend.

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ThomsonReuters

DECEMBER 13, 2021

The risks of non-compliance with corporate tax obligations include hefty penalties, interest charges, and tax audits. 5 best practices for sales tax reporting. Inaccurate product mapping can lead to tax payment errors. Streamline sales tax exemption certificate management.

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inDinero Tax Tips

APRIL 20, 2021

Take note, gross receipts tax in Delaware cannot be reduced by deducting expenses related to the costs of the goods or services sold. Your very own Delaware corporate tax calendar. Delaware incorporated entities that owe $5,000 or more in franchise taxes must make estimated quarterly payments in progressively smaller amounts.

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Going Concern

APRIL 14, 2023

Staffing Drama Signal Mountain Won’t Pay Accounting Firm For Extra Work On Audit [ Chattanoogan.com ] Clients are the worst The Signal Mountain Town Council has declined to pay an auditing firm extra money it said was due because of inadequate help from city employees in preparing the annual city audit.

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Going Concern

APRIL 8, 2024

A Canadian regulator said last year that BF Borgers violated its rules for auditors, while the US’s Public Company Accounting Oversight Board found multiple deficiencies in every audit it reviewed from the firm over the past two annual checks. How did we miss Withum’s 80 percent deficiency rate? Last year, it ranked No.

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ThomsonReuters

MARCH 18, 2021

Each time that data is validated by a different system, it gains value and accuracy — and its value is compounded when it is aggregated into a single global tax repository; used in standardized, globally aligned processes; integrated and automated; and then fed into a tax technology strategy and road map. Past project results.

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ThomsonReuters

MARCH 2, 2021

The disruptions of 2020 — a pandemic, related regulatory changes, a remote workforce — have changed the business and tax landscape. To make the most of this disruptive business environment, demonstrate the value to be gained with tax data software that: Scales with growth across technologies and tax jurisdictions.

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CPA Practice

MARCH 12, 2024

Income taxes Biden is proposing to raise the top personal-income tax rate to 39.6%, from 37%, for those making more than $400,000. Corporate taxes Trump’s 2017 corporate tax cut would get significantly rolled back, bringing the top rate to 28% from 21%. rate in Trump’s tax law. ©2024 Bloomberg L.P.

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