audit Document general ledger tax return 
TaxConnex
NOVEMBER 29, 2022
that the likelihood of your business being audited is low, but that likelihood has been increasing in recent years. more than one in four (26.7%) top finance professionals reported seeing an increase in state sales tax audits in the past two years. Without sales tax nexus, you have no obligation to collect or remit sales tax.).
CPA Practice
MAY 26, 2023
It is stepping up efforts to audit employers as aggressive promoters continue to make a pitch for fraudulent refunds (IR-203-40, 3/7/23). This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023. Practical advice: If you’re tapped for an audit, don’t panic.
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CPA Practice
MAY 25, 2023
It is stepping up efforts to audit employers as aggressive promoters continue to make a pitch for fraudulent refunds (IR-203-40, 3/7/23). This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023. Practical advice: If you’re tapped for an audit, don’t panic.
TaxConnex
NOVEMBER 9, 2021
Bear in mind, though, that as your business grows, you may need different sales tax processes. Be sure you have a process to gather the applicable data each month and reconcile all new data to your general ledger before you start the filing process. Once a sales tax return is prepared, it must get filed and paid.
ThomsonReuters
MAY 12, 2022
What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.
Withum
JANUARY 24, 2023
Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. When will audit fieldwork commence ?
xendoo
FEBRUARY 25, 2022
If you don’t have accurate records, you may miss out on deductions or income on your tax returns. This oversight could lead to a higher tax expense than required or an incorrect tax return. . If your company requires a set of reviewed or audited financial statements, you’ll need a clean set of books.
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