CPA Practice
NOVEMBER 4, 2024
Samuel Handwerger, a Certified Public Accountant who teaches at the University of Maryland’s Robert H. Smith School of Business, told The Baltimore Sun he wasn’t surprised to see the IRS conduct a payroll audit, even if he wasn’t sure how often the agency examines state governments. Backup withholding is particularly arduous, he said.
CPA Practice
DECEMBER 2, 2024
The study is an accounting of the cost of in-person audits carried out by the Internal Revenue Service relative to the taxes paid as the result of the audits. These in-person audits, in contrast to “correspondence audits” in which the IRS asks for information via letter, can be labor-intensive and expensive to administer.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Going Concern
MARCH 10, 2025
New York Times tells the story of an industry accountant turned IRS auditor in Stalled Audits and a Skeleton Staff: Inside Trumps War on the I.R.S. She had spent much of her career as an accountant for large corporations, gaining intimate knowledge about how they do and sometimes dont pay the taxes they owe.
TaxConnex
APRIL 28, 2022
Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. The consultancy Agile has cited several stats on sales tax audits, including that one in five small-to-midsize businesses have been audited within the past five years. Fear and loathing.
PYMNTS
JUNE 29, 2020
As the fallout from Wirecard ’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. Its founder and CEO Markus Braun, 51, resigned and was later arrested on charges of misrepresenting Wirecard’s accounts and market manipulation.
Going Concern
FEBRUARY 10, 2023
Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb. 31, 2022.
PYMNTS
JUNE 29, 2020
The revenue from those businesses was deposited in trust accounts rather than paid straight to the company. WSJ reported on one instance in which an EY senior manager left a note for a Wirecard executive saying EY was preparing to ask questions about a trustee account.
Expert insights. Personalized for you.
Let's personalize your content