Going Concern

APRIL 4, 2025

PwC China plans to spin off cyber security arm [ Financial Times ] PwC China plans to spin off its Dark Lab cyber security arm in a private buyout deal, as the Big Four firm seeks to improve liquidity and navigate the financial fallout from its audit of failed Chinese property developer Evergrande.

Tax

Accounting Today

JULY 18, 2025

ALABAMA Machen McChesney, Auburn, promoted: Emma Farris to manager, Mary Elizabeth Bond to supervisor, and Ally Bean, Cole Dewberry and Keeley Leisure to senior accountants. relocate offices; and more news from across the profession. relocate offices; and more news from across the profession.

Indiana

Accounting Today

JUNE 25, 2025

In 2023, RubinBrown merged in KnowledgePath Consulting in Birmingham, Alabama. This combination is a powerful reflection of our dedication to providing the highest level of client service." In 2022, it added Himes Consulting Group and JMW & Associates in Overland Park, Kansas. In 2021, it added Liberty Technology Advisors.

Technology

Going Concern

JULY 7, 2025

The Government Accountability Office discovered a little billing issue related to non-government space launches : As the Defense Department ramps up national security space launches, it could soon start collecting millions more dollars from commercial launch providers — including two with significant operations in north Alabama.

Real Estate

CPA Practice

OCTOBER 22, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

payroll

TaxConnex

DECEMBER 7, 2021

Montgomery, Alabama: Two convenience store operators have pleaded guilty to failing to pay sales taxes. Simon Njuku, 45, of Irondale, Alabama, and Mehryar Nasseri, 44, of New Market, Alabama, each admitted to routinely underreporting their stores’ gross sales to reduce their tax bill. An inconvenient truth.

Alabama

PYMNTS

NOVEMBER 3, 2020

The company – and its gold trading app – just expanded its reach in the United States with the addition of a license to operate in Alabama. The Alabama Securities Commission on Tuesday (Nov. The future is looking a bit more golden for CORO Global. App users can trade in U.S.

Alabama

TaxConnex

MARCH 21, 2024

It did, but the South Carolina Department of Revenue later audited Amazon and found that it had failed to adequately tax sales by third-party merchants. District judge in Alabama has declared the CTA unconstitutional, at least in the narrow context of the plaintiffs on the case on which he ruled. Auditors slapped Amazon with some $12.5

South Carolina

TaxConnex

DECEMBER 28, 2023

Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. If so, watch out for 2024. Colorado also now has a task force charged with simplifying its sales tax system – a special challenge in a home rule state.

Sales

CPA Practice

JANUARY 21, 2025

A handful of home rule states Colorado, Alabama, Louisiana, Arizona, and Alaska are making moves toward simplification. Still, businesses selling into home rule states continue to face an onerous tax compliance burden.

Alaska

TaxConnex

FEBRUARY 8, 2022

An Alabama taxpayer that manufactures rockets requested a partial sales tax refund for tax paid on helium and nitrogen, claiming that the gasses used in their manufacturing should qualify as machines and therefore they would be subject to the reduced machine rate of 1.5% Other State updates.

Sales

TaxConnex

JUNE 18, 2024

In states like Alabama, as we’ll see, the effort continues.) New tax-related data, including transactions and filing information, can help troubleshoot reconciliations, improve forecasts and head off problems that could eventually lead to a sales tax audit (if and when AI fulfills its current hype, that is.) Clearer tax landscape?

South Dakota

TaxConnex

DECEMBER 22, 2020

By September, Alabama called rising pandemic-related online shopping a “life saver” for the state’s municipal governments. Illinois announced expansion of its Audit Fast Track Resolution Program to most sales and miscellaneous tax audits. Audits: They could be on the rise from among the thousands of tax jurisdictions in the U.S.

Sales

TaxConnex

MAY 11, 2021

In a few states, most notably Alabama, Colorado, and Louisiana, there are separate local level returns that you are required to file. Transaction specific details for reconciliation or audit purposes including invoice number, invoice date, customer number, customer name, etc. Taxable sales amount. Sales tax collected.

Sales

TaxConnex

JUNE 22, 2021

Wisconsin prepared to require out-of-state businesses to collect sales tax by the fall, soon followed by Alabama, North Carolina, Pennsylvania, and others. It is always best to move forward on your own accord, no matter the fear around potential penalties and fees, rather than to be caught off guard during an audit.

South Dakota

CPA Practice

AUGUST 6, 2024

To find out more about the awards or to download the nomination form , visit the NESCPA website. The Alabama Society of CPAs (ASCPA) has opened r egistration for its Governmental Accounting and Auditing Forum , which will take place December 9-11, 2024 in Montgomery, AL. The Forum will be in-person and broadcast live.

CPA

TaxConnex

DECEMBER 1, 2022

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee.

Sales

SkagitCountyTaxServices

OCTOBER 9, 2024

This goes also if you live in South Carolina, Georgia, Alabama, and various parts of Virginia, Tennessee, and Florida. It’s one of the big areas that cause businesses to become audit-vulnerable and/or pay way more in taxes than they expected. First, by sending their own agents to help with relief efforts.

Sales

Withum

SEPTEMBER 16, 2022

Alabama, Alaska, Arizona, Colorado, and Louisiana are “home rule” states which permit the municipalities or counties to govern themselves with certain restrictions. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax. Let’s Talk.

Sales

CPA Practice

OCTOBER 23, 2024

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)

Rhode Island

CPA Practice

AUGUST 26, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve? million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

Rhode Island

CPA Practice

NOVEMBER 18, 2024

From its humble beginnings in Enterprise, Alabama, and Destin, Florida, CRI has become the youngest top 100 firm ever to receive a private equity investment as a foundation firm,” he said. Carr, Riggs & Ingram LLC, an independent licensed CPA firm, will provide assurance, attest, and audit services.

forensic accounting

CPA Practice

OCTOBER 18, 2023

Two others have the dubious distinction of getting honorable mention: Alabama and Kansas. For others, we only handle filing in troublesome states that use up the most time and create the most audit risk. To illustrate the knottiness, here are some examples. Avalara Returns files more than 1 million returns annually.

Sales

CPA Practice

SEPTEMBER 20, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island

Going Concern

JANUARY 8, 2024

We’re also seeing strong revenue growth in service areas beyond traditional tax and audit areas, such as client advisory services and business valuation. It did not matter that the petition was filed timely in the time zone where the taxpayer was located (Alabama). In Sanders v. Comm’r, 160 T.C.

Tax

CPA Practice

JULY 19, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system? million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

Rhode Island

CPA Practice

OCTOBER 15, 2024

Along came the devastation of Hurricane Helene and the appropriate extensions granted in seven jurisdictions, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, plus parts of Florida, Tennessee, and Virginia. Otherwise, tax deadlines were normal in most places. And wait again!

South Carolina

Withum

AUGUST 27, 2024

Currently, South Dakota and Alabama are the only states that have not considered legislation. Is This Plan Eligible for Audits? Currently, there are no planned audits for this program since it is facilitated by the state. If you do NOT have 25 or more employees but received an access code, you must file for an exemption.

South Dakota

Going Concern

JUNE 17, 2024

The IRS and the Department of the Treasury today also issued three pieces of guidance focused on partnerships following discoveries by IRS audit teams. Currently, the IRS has tens of billions of dollars of deductions claimed in these transactions under audit. Yablonowitz, CPA and Shawn C.

accounted

PYMNTS

JULY 2, 2018

Under the terms of the agreement – with states including New York, North Carolina, Texas and Maine, along with Georgia and Alabama – the company has to institute assessments of cyber threats and boost ongoing efforts to fix vulnerabilities. The data included addresses, Social Security numbers and other details.

North Carolina

CPA Practice

OCTOBER 18, 2023

The eight states with the lowest property tax rates, on average, are Alabama, Colorado, Delaware, Nevada, New Mexico, North Carolina, Texas, and West Virginia. If you’re ever audited, you’ll need proof to justify your tax decisions and payments. And, 31 states have property taxes that average less than 1%.

business tax

inDinero Accounting

DECEMBER 5, 2023

Here is the list of states that do not conform to the federal rules: California Mississippi Alabama Massachusetts New Jersey Pennsylvania Wisconsin QSBS Tax Treatment The QSBS exemption shields the greater of $10M of gains, or 10x the cost basis of purchased stock, from capital gains tax. It may put you at heightened risk of an audit.

tax return

PYMNTS

APRIL 9, 2018

Cambridge Analytica claims they have already deleted the data and has agreed to a forensic audit by a firm we hired to investigate this. “Last month, we learned from The Guardian , The New York Times and Channel 4 that Cambridge Analytica may not have deleted the data as they had certified. We’re also working with the U.K. In the U.S.

Alabama

CPA Practice

AUGUST 1, 2024

But they are so serious about entering the US market, that their Chief Revenue Officer Daniel rock recently moved from New Zealand with his family to the United States, I believe to Alabama, I don’t want to dock same. It’s more critical, I think, than a practice management or attacks or an audit decision, because it’s client facing.

Technology

inDinero Tax Tips

APRIL 11, 2023

Other states that have a franchise tax include Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma. The Delaware franchise tax A franchise tax is a state charge on corporations to conduct business in their state. The amount of franchise tax and how each state calculates the tax varies.

Delaware

inDinero Tax Tips

APRIL 20, 2021

Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. At the state level, an IRS Information Sharing Agreement includes: Audit results, Federal individual and business return information, and. The Delaware franchise tax. Employment tax information.

Delaware