TaxConnex

FEBRUARY 3, 2022

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?

audit 173

audit Sales Tax auditor 173

Going Concern

SEPTEMBER 18, 2023

The hiring will be for higher-graded revenue agents, which are specialized technical positions that generally focus on audits. This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations.

audit 62

audit Account accountant accounted 62

Going Concern

AUGUST 14, 2023

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” PCAOB staff expects approximately 40% of the audits reviewed in 2022 will have one or more deficiencies, up from 34% in 2021 and 29% in 2020. Who’s gonna tell them?

audit 52

audit Account accountant accounted 52

TaxConnex

SEPTEMBER 7, 2023

In Arizona , for instance, sales to nonprofits are generally not exempt but retail sales usually are. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. But as always with sales tax, rules vary state to state.

Sales 147

Sales Tax Non-Profits North Carolina 147

Going Concern

JANUARY 19, 2024

The financier accused Disney/Fox of self-dealing with FX, Hulu and Disney+, said its revenue began to shrink and that an audit it commissioned showed breaches of contract. The demand for reporting to better understand a company’s performance and related risks is being coupled to technology to accelerate change in the audit profession.

Arizona 80

Arizona accounting and finance audit auditor 80

Going Concern

DECEMBER 9, 2022

Accounting, tax audit, and business advisory firm BDO is investing €5m in a new office as it creates 100 new jobs. The 100 new jobs in Dublin will be across all service lines – audit, tax, advisory, consulting, business services and recruitment. Audit reform should not dance to the Big Four’s tune [ Financial Times Opinion ].

CPA 87

CPA Florida auditor audit 87

Going Concern

NOVEMBER 4, 2022

KPMG LLP and former audit principal withdraw request for review of DFSA fines [ The National ]. KPMG LLP and its former audit principal Milind Navalkar have withdrawn their request for a review by the Financial Markets Tribunal against the Dubai Financial Services Authority’s decision to impose financial penalties on them.

audit 97

audit Account accountant accounted 97