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Risks of misunderstanding the impact of economic nexus

TaxConnex

More than 10,000 nationwide, and still counting – even in Alaska , which has no state-wide sales tax, jurisdictions are banding together to make online businesses collect and remit local sales tax.). Non-compliance can also compromise your company’s financial statement. How is technology being taxed?

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

Businesses should be prepared to provide documentation supporting their ERC claims, including payroll records, financial statements, employment tax returns, and any other relevant records. What Documentation is Required During an ERC Audit? Can I Seek Professional Representation During an ERC Audit?

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Monday Morning Accounting News Brief: Every Day Is Fools’ Day For Some Accounting Employers; McKinsey Now Paying People to Leave | 4.1.24

Going Concern

Related to this I suppose, Alaska Public Media did a story on the city of Anchorage having some municipal audit problems : A long overdue financial audit of Anchorage’s bookkeeping may keep the city from getting tens of millions of dollars in grant money.

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Restaurant Revitalization Fund – Details

KROST

Bank statements. Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements. IRS Form1040 Schedule C; IRS Form 1040 Schedule F. For a partnership: partnerships IRS Form 1065 (including K-1s). Point of sale report(s), including IRS Form 1099-K.