TaxConnex

OCTOBER 24, 2023

Our third annual survey of financial professionals showed that although most companies (67%) reported that state sales tax audits have remained at the same level over the past two years, almost one in four respondents (23%) said they expect such audits to increase in coming months. “Scary” has five letters. Read the notice.

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audit Sales Tax auditor 147

RogerRossmeisl

APRIL 28, 2024

And you want to make sure you can defend the amounts reported on your tax returns in case you’re ever audited by the IRS. Specifically, you should carefully record expenses to claim all the tax deductions to which you’re entitled. Be aware that there’s no one way to keep business records.

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audit tax return CPA Tax 100

CPA Practice

APRIL 29, 2024

The recruitment and hiring landscape for internal audit must evolve to ensure the profession keeps pace with a changing risk environment. According to the report, hiring managers tend to seek recent college graduates who have studied accounting (80%), followed by those from auditing (53%) and business (44%).

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audit Education auditor Technology 94

MyIRSRelief

JANUARY 7, 2024

Tax audits can be a daunting experience for any taxpayer, and when it comes to the Employment Development Department (EDD) audits, the stakes can be particularly high. An EDD tax audit focuses on ensuring that businesses comply with CA state payroll tax laws, which can be complex and multifaceted.

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audit payroll tax Tax auditor 130

RogerRossmeisl

AUGUST 3, 2021

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audit these days, that will be little consolation if yours is one of them. of individual tax returns were audited in 2020.

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audit tax return CPA Tax 246

RogerRossmeisl

NOVEMBER 1, 2020

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. Here’s how to survive an IRS audit. In fiscal year 2019, the IRS audited approximately 0.4% However, the best way to survive an IRS audit is to prepare for one in advance.

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audit tax return CPA Tax 246

CPA Practice

MARCH 11, 2024

The results of The 2024 North American Pulse of Internal Audit Survey , from the Internal Audit Foundation, finds a growing profession, with Chief Audit Executives (CAEs) more than twice as likely to have increased staff (26%) than to have decreased staff (9%). These results point to a dynamic and evolving profession.”

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audit auditor CPA Government 95

RogerRossmeisl

MAY 16, 2022

And you want to make sure you can defend the amounts reported on your tax returns in case you’re ever audited by the IRS. The post Keeping Meticulous Records is the Key to Tax Deductions and Painless IRS Audits appeared first on Roger Rossmeisl, CPA. Be aware that there’s no one way to keep business records. Here are two.

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audit Tax tax return CPA 246

Going Concern

JUNE 13, 2022

As I’m sure you’ve heard by now the profession is having trouble recruiting future CPAs. Those enrolled in the program will receive additional support for completion of the final parts of the CPA exam once they begin client work. KPMG CPA Kickstart launches this summer in 35 offices and so far 225 new hires are enrolled.

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CPA Practice

APRIL 30, 2024

Fieldguide, an artificial intelligence (AI) platform for advisory and audit services, has launched Fieldguide Insights , the first end-to-end analytics offering for CPA and consulting firm leaders, improving engagement efficiency, resource utilization, and client relations.

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cpa firm CPA audit 52

Anders CPA

JANUARY 31, 2024

As a 401(k) administrator, failing to take a proactive stance in your yearly planning can result in missed deadlines, costly late filing fees and other disruptions to the 401(k) audit process. Who serves as the point person in the case of a DOL audit? Who responds to inquiries from participants and beneficiaries?

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audit CPA payroll Education 52

CPA Practice

SEPTEMBER 11, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. Accounting & Auditing Conference – November 9, 2023 at the WICPA offices in Waukesha, Wisconsin. Tax Conference – November 2 and 3, 2023 at the Brookfield Conference Center.

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CPA Wisconsin North Carolina Iowa 111

Accounting Today

JANUARY 29, 2024

The commoditization of audits is contributing to the CPA shortage.

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audit CPA 117

Going Concern

FEBRUARY 7, 2024

By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Thank goodness for the Connecticut Society of CPAs! Without their posting , it would have taken me longer to learn about the latest half-baked idea by NASBA regarding the education requirements to become a CPA.

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CPA Education cpas Connecticut 117

MyIRSRelief

JULY 3, 2023

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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CPA Practice

MARCH 7, 2023

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. What are the 2024 CPA Exam changes? By Gail Cole. Here’s what you need to know.

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Technology CPA cpas audit 137

Going Concern

SEPTEMBER 20, 2023

note: This post brought to you by the Big Government Auditing lobby. Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. Enter the world of government auditing. Okay, let’s be real for a second.

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Government audit CPA auditor 123

TaxConnex

APRIL 4, 2023

You just got notice of a sales tax audit. Wherever you are in your sales tax compliance, these steps will help your audit process run smoother. Many happenings can ignite an audit. An audit of one of your suppliers could turn up one of your exemption certificates for something the auditor may think is taxable.

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audit Sales auditor Tax 130

CPA Practice

FEBRUARY 9, 2023

AuditClub, the Audit Service Center, and AuditFile, developer of the award-winning cloud-based audit automation platform, will collaborate to combine audit technology with fractional auditors to ease the challenges faced by CPA firms and internal audit teams in performing audits and reviews.

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Anders CPA

OCTOBER 3, 2023

In this episode of the 401(k) Audit CPA Success Show podcast, Director and 401(k) Audit Practice Leader  Kim Moore  and Audit and Assurance Manager  Karen Hill  share best practices for plan administrators and sponsors to keep up with ERISA, DOL and IRS compliance matters.

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audit CPA payroll Legal 52

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. This merger allows us to strengthen our position as a leading CPA firm while enriching our advisory services. Terms of the deal were not disclosed.

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CPA Practice

JULY 9, 2023

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

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audit auditor Technology financial statements 111

CPA Practice

JUNE 5, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The Massachusetts Society of CPAs ( MassCPAs ) recently launched a scholarship to honor the legacy of current Society President and CEO Amy A.

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CPA Delaware Oklahoma Massachusetts 111

CPA Practice

NOVEMBER 6, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. At Mazars, she specializes in accounting and auditing for transportation and logistics. Alves was also an appointed member of its Emerging Leaders Council.

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MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. The process of resolving tax issues can be overwhelming and stressful for taxpayers, and seeking professional (EA, CPA, Lawyer) tax help can be a wise decision.

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payroll tax payroll audit Tax 147

CPA Practice

APRIL 7, 2023

With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies. It can streamline workflows, reduce the chance of errors and alleviate stress for accountants by improving time-intensive work, which is critical during auditing crunch times.

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accounting firms CPA Technology Account 139

Going Concern

APRIL 12, 2024

The city’s audit committee, a monitoring body that tracks the findings and recommendations of Montreal’s auditor general, comptroller general and external auditors, makes the observation in its latest annual report. Firms also annually share information such as a list of their public-company audit clients and the addresses of their offices.

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CPA auditor Tax audit 103

CPA Practice

SEPTEMBER 12, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Audit Sight , a technology platform that eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification. My co host and I are so pleased to be with you today as we discuss a new audit platform called Audit Site.

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CPA Practice

APRIL 3, 2023

With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies. It can streamline workflows, reduce the chance of errors and alleviate stress for accountants by improving time-intensive work, which is critical during auditing crunch times.

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accounting firms CPA Technology Account 135

CPA Practice

APRIL 21, 2023

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA community through a variety of prestigious awards. Rahill III, CPA/PFS, JD, LL.M., McKeever Jr.

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CPA Practice

JUNE 12, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. Rahill III, CPA/PFS, JD, LL.M., Rahill earned the CPA credential and became an ICPAS member in 1981. Rahill also holds several other volunteer roles.

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CPA Practice

AUGUST 1, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, talk with Jeff Gramlich of Validis about changes in audit technology and the role of data. Use the podcast player below to listen.

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audit Technology CPA Account 97

CPA Practice

AUGUST 29, 2023

Rapid technological advancement and innovation present an enormous opportunity for the accounting profession to reimagine its role as trusted business advisors, and the Digital CPA (DCPA) conference connects CPAs and firm leaders with insights, business model strategies and tools to transform their practices to maximize the opportunity.

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Withum

FEBRUARY 8, 2023

We’ve written about IRS audits rolling out last July, and the IRS followed up our article with a warning to taxpayers regarding third-party promotion of improper ERC claims. An IRS audit can be scary, but this is especially true with ERC audits. How Do I Know I’m Being Audited? What Supporting Documents Will I Need?

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audit income tax tax return payroll tax 120

CPA Practice

SEPTEMBER 13, 2023

Celebrating its 100 th birthday in 2023, the Arizona Society of CPAs works to create opportunities for its members, while working to promote the interests of Arizona CPAs with governments and regulatory agencies and organizations. We represent the voice of the CPA profession at the Arizona Capitol,” says Yandle.

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CPA Practice

APRIL 15, 2024

Additionally, sentiment analysis, also known as intelligent communications monitoring, evaluates employee sentiment and uncovers fraud in accounting and auditing. Under her leadership, Ace Cloud was honored as the Best Outsourced Technology Provider at the CPA Practice Advisor Readers’ Choice Awards 2023, among other accolades.

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CPA Practice

AUGUST 1, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. = John Thomas, CPA – 2023 TSCPApex CPA of the Year Award John W.

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