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Tax Partner Matters More Than Firm on Business Taxes

CPA Practice

The study found that the partner has twice as great an impact on the firm’s cash effective tax rate than did their firm. The study also found that partners were a greater factor in determining the likelihood of an IRS audit. “We Male partners also tended to be associated with a higher likelihood of an IRS audit.

Tax 98
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5 States with the Lowest Combined Business Taxes

CPA Practice

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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Landscape of Employee Retention Credit Tax Issues

Withum

Has the IRS Ramped up the Number of ERC Audits? The IRS has significantly increased the number civil and criminal audits, and it has centralized the audit process. We are now seeing the IRS issue standardized information and document requests (IDRs) from a centralized office in Austin, Texas. Yes, but very slowly.

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Professionals on the Move – Nov. 2023

CPA Practice

Hood & Strong Announces Audit Management Promotions Hood & Strong LLP, a leading Northern California public accounting and business consulting firm, recently promoted three audit team members to new and expanded roles. Corder received his accounting degree from Texas Christian University and holds an M.S.

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What was new in October for state sales and use taxes

TaxConnex

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. Texas Comptroller Glenn Hegar reported that state sales tax revenue totaled $3.69 Supreme Court.

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State CPA Society News & Updates – June 2023

CPA Practice

At Mazars, she specializes in accounting and auditing for transportation and logistics. To date, more than 480 CPAs have participated in the AICPA Leadership Academy, many of whom have gone on to take on leadership positions in their firms, businesses and volunteer organizations. Those interested can register here.

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VARC Solutions Helps Clients Outsource Sales Tax Compliance

CPA Practice

Business owners started doing what they do because they enjoy it and they want to serve their customers well — but most of them don’t like or understand the bookkeeping and systems management,” Robin says. Our goal is to let them get back to the parts of their business they love. Texas has 256 counties, each with different rates.

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