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Best Practices for Managing a Sales Tax Audit

TaxConnex

If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers. Sales Tax Audit Triggers.

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Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Big Four Audit Giants Shut Down Legal Operations in China Following ‘Regulatory Raids’ [ Law.com ]. The Big Four auditing giants have quietly shut down their legal affiliations in China following intense regulatory scrutiny, according to an investigation by Law.com International, in a major development for Asia’s legal industry.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

The company expects each of its roughly 1,300 Orrville, Ohio-based corporate workers to be on site for 22 “core” weeks a year. Deloitte UK said revenue grew 14% to £5.6bn in the year to May, as buoyant markets in the first six months of its financial year bolstered demand for audit and advisory work.

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Monday Morning Accounting News Brief: Firm Sponsors Art Contest; ‘EY Will Sell Advisory Again’; Big Spenders | 11.21.22

Going Concern

From Jan Bouwens, Professor of Accounting, Amsterdam Business School, University of Amsterdam, The Netherlands to Financial Times : “EY splitting its consulting activities from auditing is the consequence of the EY business model. Audit teams are typically comprised of auditors and consultants.

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Professionals on the Move – Dec. 2023

CPA Practice

Denise Buettner, Ohio Frank Calise, Ariz. Shane Kamban, Ohio Joanne Kopanski, N.C. Bennett is a Certified Fraud Examiner and a member of the American Bar Association Institute of Internal Auditors, Institute for Internal Controls and the Association for Corporate Growth. Daniel Blamer, Mich. Edward Bonaccorsi II, Mass.

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Sales Tax Issues for Online Retailers

Withum

For example, New York, Ohio, Pennsylvania, and Washington have increased their efforts to find online retailers who are not complying with the sales tax rules. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax. More Enforcement.

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A Certain Big 4 Firm Gets Another Chance to Screw Up a State’s Unemployment Benefits System

Going Concern

As Forbes reported, in May 2020, a mistake by Deloitte led to personal information of as many as 240,000 unemployment insurance applicants in Colorado, Illinois, and Ohio leaking on government benefits websites. Deloitte said at that time it would offer free credit monitoring services to all PUA applicants in Ohio for a year.