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401(k) Audit CPA Success Show Podcast: Final Year-End Preparations for 401(k) Plan Sponsors

Anders CPA

Key Steps for Audit Preparation. If your organization’s 401(k) plan has never been audited, follow the 80/120 rule. If you currently have between 80 and 120 participants; it may be time to prepare for your first audit. Request a 401(k) Audit Consultation. When in Doubt, Please Reach Out.

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When You Need to Hire a Pro: Online Accounting Service for Small Business

xendoo

It’s time to go beyond merely tracking the ins and outs of your books and to start focusing on accounting and the financial health of your growing business. Choosing an online accounting service for your small business is the best way to keep your books updated, in compliance, and thriving. But it is no small task!

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More Businesses Are Turning to Automation to Manage Tax on Purchases

CPA Practice

That’s according to a new survey from Avalara of accounts payable departments, accounting, finance, and tax professionals that focus on managing use tax obligations. Nearly a third (32%) of respondents also indicated that audit risks are high, especially when managing consumer use obligations. Avalara, Inc. ,

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Why Microsoft’s $29 Billion Tax Bill Could Be the Big Knockout Punch in Fight with the IRS

CPA Practice

By Clint Rainey, Fast Company (TNS) Way back in 2012, the IRS launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. Microsoft’s accounting firm KPMG had spelled out explicit steps to convince the government that the Puerto Rico venture was “real.”

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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

Sales tax auditors examine federal income tax returns to reconcile the gross sales between the federal return, the sales tax return, and the sales recorded in accounting records. Auditors also examine the depreciation schedule to determine if any sales or purchases of fixed assets occurred during the audit period.

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