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Best Practices for Managing a Sales Tax Audit

TaxConnex

In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Auditors know that competitors tend to have similar business models and that some industries are more susceptible than others to tax deficiencies.

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Evolution of the Sales Tax Audit: Have Audits Changed with Economic Nexus?

TaxConnex

Bad luck for one, or a customer of yours undergoing their own audit might produce one of your invoices, resulting in the auditor possibly contacting you for an exemption certificate or other documents. An audit of one of your suppliers could turn up one of your exemption certificates for a transaction that the auditor may think is taxable.

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Friday Footnotes: The Biggest PE Deal to Date; AI Is Moving Fast, Says Deloitte; EY’s Secret (and Nasty) Drinking Club | 5.31.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Finance ] Resume Genius asked 625 U.S. In a letter dated May 28, Hague Sahady & Co.,

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Carla McCall Named New Chair of AICPA

CPA Practice

She also will serve as Co-Chair of the Association of International Certified Professional Accountants , which combines the strengths of the AICPA and the Chartered Institute of Management Accountants (CIMA). She is former chair of the board at the Massachusetts Society of Certified Public Accountants.

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Monday Morning Accounting News Brief: Watch That Utilization; PwC CEO Doesn’t Know His Own Salary | 2.19.24

Going Concern

Underemployed staff at the Big Four auditors risk losing their jobs as firms step up their scrutiny of employee workloads in a downturn. Deloitte said: “We are considering restructuring parts of our advisory corporate finance business. The Times ran this story on Sunday: ‘Under-employed’ staff in the firing line at the Big Four.

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Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. Under his leadership, the Division of Finance has enhanced university business practices and transformed several financial and business information systems to improve customer service for faculty, staff, and students.

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Average Bookkeeper Salary in the United States

Snyder

This article might be useful for those choosing their career path in accounting or aspiring to change jobs as well as for owners of businesses who are considering various accounting solutions for their business. Current situation in the accounting industry. Accounting solutions. Bookkeeper vs accountant.