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How Much Does A Nonprofit Audit Cost?

GrowthForceBlog

9 min read Nonprofit organizations do not pay taxes, so they are not subject to audits performed by the Internal Revenue Service. Audits, however, are still sometimes required for nonprofit organizations by federal, state, or local entities.

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The CPA Shortage Compels Accounting Firms to Embrace Digital Transformation

CPA Practice

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

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How Accounting Firms Are Winning the Automation Game

CPA Practice

For accounting firms, automation gathers scattered information and turns it into valuable insights. It increases productivity and empowers firms to better advise their clients by putting the right data into the right hands at the right time. A new report from BILL shows how accounting firms are winning at automation.

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The CPA Shortage Compels Accounting Firms to Embrace Digital Transformation

CPA Practice

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

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Challenges and opportunities for accounting firm partners transitioning to the cloud

ThomsonReuters

Is your firm among them? In today’s dynamic and competitive business environment, owners and partners of accounting and audit firms should, at least, be considering cloud-based technology as part of their broader strategies. Those who fail to do so risk losing their competitive edge.

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9 in 10 Accounting and Audit Firms Struggle to Find Talent

CPA Practice

What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90% point to hiring and retaining skilled accountants and auditors. When retaining talent, more than 85% of accountants and 90% of auditors said it is either somewhat or extremely difficult.

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

TaxConnex

So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. Many events can ignite a sales tax audit. But have sales tax audits changed over the last few years, through the pandemic and the introduction of economic nexus in 2018?

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