Account, Arizona, auditor and tax return

Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

SEPTEMBER 18, 2023

This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations. These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000.”

audit

audit Account accountant accounted

Sales tax and nonprofits

TaxConnex

SEPTEMBER 7, 2023

Sometimes nonprofits and not-for-profits must pay sales tax when they buy items, at least initially, as in North Carolina. But as always with sales tax, rules vary state to state. In Arizona , for instance, sales to nonprofits are generally not exempt but retail sales usually are.

Sales

Sales Tax Non-Profits North Carolina

Accountant Advocate

Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Sales tax and nonprofits

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