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What’s new in sales tax?

TaxConnex

Auditors slapped Amazon with some $12.5 The Foundation found that the five states with the highest average combined state and local sales tax rates are Louisiana (9.56%), Tennessee (9.55%), Arkansas (9.45%), Washington (9.38%) and Alabama (9.29%). million in taxes, penalties and interest for the first three months of 2016.

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Friday Footnotes: KPMG Client’s Spectacular Failure; PwC Gets Defensive; Kids Doing Taxes | 3.10.23

Going Concern

KPMG has served as SVB auditor since 1994. Iowa state auditor slams bill that would limit state watchdog [ The Gazette ] Limits would be placed on what personal information the state taxpayers’ watchdog could demand during an audit under legislation being advanced by state lawmakers. Check out the auditor.

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Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

has hired KPMG LLP to vet its financial statements almost three months after its auditor of 28 years quit amid a tumultuous period for the food storage container business. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin. Randy bunch, those EYers.

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Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23

Going Concern

In an article titled “Interactive Auditor-Client Negotiations: The Effects of the Accumulating Nature and Direction of Audit Differences” a team of researchers further examined what happens during these discussions and how the negotiations can affect the magnitude of audit adjustments made to financial statements.

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Sales Tax Issues for Online Retailers

Withum

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.

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FASB Took It Easy in 2022

Going Concern

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. It’s also politically connected: Kathleen Casey, the head of the board’s nominating committee, is a former S.E.C.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

Adventist Auditors Gather in Copenhagen for Spiritual and Professional Renewal [ ANN ] Maryland legend Tom Hood was there! Alabama State University ] This kid is already on the partner track and hasn’t even started yet, check the quote. Big 4 COBA Student Wins Big Internship!