Going Concern

SEPTEMBER 8, 2023

Little Rock housing authority will provide auditing firm with range of requested documents [ Arkansas Advocate ] HUD assessed Little Rock’s federally-funded public housing authority’s physical condition, financial condition, management and use of its capital fund and gave it 40 points out of a possible 100.

Tax 115

Tax Kansas Arkansas Real Estate 115

Going Concern

FEBRUARY 9, 2024

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 In a summary of the report, Linklaters said six unidentified partners outside Australia should have asked where the tax information had come from and that disciplinary action had been taken against them. “Win big?

Technology 96

Technology Colorado audit cpa firm 96

PYMNTS

DECEMBER 15, 2020

Shoe Palace provided a $52 million pre-tax profit in the year ending Dec. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec. 31, 2019, according to the announcement.

Sports 88

Sports California Hawaii Arkansas 88

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

Delaware 52

Delaware Nevada Tax Sales 52

Going Concern

MARCH 25, 2022

I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week. PCAOB Spotlight PDF here.

tax return 52

tax return audit auditor cpas 52

TaxConnex

MARCH 21, 2024

There’s always something changing in the world of tax, especially sales tax. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties. The ol’ one-two.

South Carolina 197

South Carolina Sales Tax Alabama 197

Snyder

DECEMBER 6, 2022

Another problem with the Paycheck Protection Program was unclear IRS policies on tax deductions. For many SMB owners, this would lead to adverse tax consequences. Thanks to the new amendments, small businesses could benefit from getting the PPP loan and not face ugly tax bills. Where is the problem? New PPP loan requirements.

payroll 52

payroll Maine Tax Mississippi 52

CPA Practice

JULY 28, 2023

The digital economy has caused an incredible shift in how jurisdictions create, administer, remit and audit indirect taxes. Properly structuring tax models and aligning regimes that are equitable for all stakeholders, while attempting to balance the economic interests of all participants has now become a vital societal priority.

Maryland 52

Maryland Tax Virginia West Virginia 52

Going Concern

APRIL 28, 2023

News The leak that puts a multibillion-dollar industry at risk [ Sydney Morning Herald ] A foolish attempt to help multinational companies avoid paying tax in Australia has spectacularly backfired on the multibillion-dollar professional services industry, infuriating Canberra and potentially costing these high-profile firms billions in fees.

Colorado 104

Colorado New Jersey Georgia audit 104

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

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware does tax companies. In 2011, Delaware garnered $860 million in taxes and fees from out-of-state business entities incorporated under its laws. With so few taxes, how does Delaware rake it in?

Delaware 64

Delaware Wyoming Nevada Oregon 64

Going Concern

AUGUST 19, 2022

Audit Watchdog Fines KPMG Korea for Quality Control Failures [ Wall Street Journal ] The Public Company Accounting Oversight Board on Tuesday fined KPMG LLP’s Korea unit $350,000 for failing to set up adequate quality controls to prevent improper changes to work papers. audit watchdog’s latest enforcement action against a non-U.S.

audit 89

audit auditor accounting firms accounting and finance 89