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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000.” More than the number, auditors are exiting big names, which used to be a rarity. Is there some kickback from that telemarketing group in Arizona?

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Sales tax and nonprofits

TaxConnex

Sometimes nonprofits and not-for-profits must pay sales tax when they buy items, at least initially, as in North Carolina. But as always with sales tax, rules vary state to state. In Arizona , for instance, sales to nonprofits are generally not exempt but retail sales usually are. How important are these certificates?

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