xendoo

MAY 16, 2023

Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts.

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Going Concern

AUGUST 10, 2023

The comment period for “ Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations ” (is now closed which means we get to see the comment letters ( here ). As you would expect (and hope), most are thoughtfully presented and argued like the Center for Audit Quality’s 13,803 words.

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PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

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Withum

DECEMBER 7, 2023

Rocco Scarfone , NFL Agent at Vanguard Sports View On-Demand Webinar Withum Sports & Entertainment Services experts will cover a range of tax topics relevant to athletes and sporting organizations, including: Tax deductions and credits specific to athletes; and managing income from endorsements and sponsorships.

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Going Concern

APRIL 15, 2022

Accounting watchdog investigates Deloitte over Go-Ahead audits [ The Guardian ] One of the UK’s biggest accounting firms, Deloitte, is under investigation by regulators for its audits of Go-Ahead, after the bus and rail operator was embroiled in a scandal for wrongly withholding £50m of taxpayers’ money.

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PYMNTS

AUGUST 13, 2020

The already-sizable online entertainment sector is growing quickly as consumers who are staying at home during the pandemic turn to eMagazines, digital movie rentals and streaming services to stay engaged. Klaris recently spoke to PYMNTS about the processes involved in providing AP services to media and entertainment companies.

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Going Concern

MARCH 24, 2023

Music City is the country’s fastest growing entertainment hotspot and an office in Nashville gives Armanino’s team and its clients the trifecta of office locations to serve the entertainment industry. audit partners want a bigger piece of the firm’s lucrative tax business. Julie Boland, EY’s U.S.

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Going Concern

OCTOBER 13, 2023

As the end of former PwC CEO Luke Sayers’ lengthy questioning approached, Senator O’Neill reproduced a submission from PwC Australia in 2019 to a Senate inquiry at the time that was examining audits and consulting firms. The same firm also failed to meet the target in 2022.

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Withum

SEPTEMBER 14, 2022

Before this new funding, taxpayers of all stripes and income brackets enjoyed a period of very low audit rates due to the IRS’s shrinking workforce, which further exacerbated the audit statistics. As a result, the chances of getting audited became about the same as the odds of winning the Power Ball lottery.

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CPA Practice

JUNE 6, 2023

Top 20 accounting firm Armanino has acquired Los-Angeles-based business management CPA firm Bemel, Ross & Avedon, which provides services to some of the country’s leading entertainers and executives in the film and music industry. Terms of the deal, which closed on June 1, were not disclosed.

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CPA Practice

SEPTEMBER 26, 2023

FloQademy bucks the notion that CPE/CPD content has to be boring and instead makes it fun, offering access to an on-demand library of entertaining and engaging learning and professional development content. FloQast Compliance Management automatically synchronizes changes for audit evidence that is always current and accurate.

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CPA Practice

SEPTEMBER 14, 2023

FloQademy bucks the notion that CPE/CPD content has to be boring and instead makes it fun, offering access to an on-demand library of entertaining and engaging learning and professional development content. FloQast Compliance Management automatically synchronizes changes for audit evidence that is always current and accurate.

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BuildYourFirm

MARCH 31, 2020

Irene Wachsler is a Certified Public Accountant specializing in accounting and tax solutions for small businesses, self-employed individuals, nonprofits, and the film and entertainment industry. Block chain is going to change the way we do agreed upon procedures and audits.”. Make sure you get paid up front.”. The future is changing.

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CPA Practice

JULY 6, 2023

And Monaco this year, just for a little entertainment. Because someone that I’ve known for quite a few years, Mark Edmondson who is the CEO in flow, produced a white paper called The audit technology ecosystem, the audit technology ecosystem. We have another technology lab on audit site, for example. But I did enjoy it.

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Going Concern

JULY 28, 2023

Big 4 Deloitte joins fellow Big Four MOVEit victims PWC, EY [ Cybernews ] The New York City-based global auditing and accounting firm appeared alongside 55 other MOVEit victims named by the Cl0p ransomware gang Wednesday, but Deloitte says the impact on its systems is limited. About 80% of audits conducted don’t find tax noncompliance.

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PYMNTS

NOVEMBER 29, 2018

In the entertainment space, one blockchain company wants to address a range of financial pain points for the “Hollywood economy,” including financing and B2B payments. Outside investors want a piece of this pie, too, and entertainment industry financing is one of the biggest pieces to MovieCoin’s vision.

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Going Concern

SEPTEMBER 25, 2023

Attorney’s Office, Central District of California ] An entertainment industry accountant pleaded guilty today to a felony charge for lying to federal law enforcement officials about his role in laundering illicit proceeds from an illegal gambling operation run by a former minor-league baseball player and which involved professional athletes.

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Going Concern

SEPTEMBER 29, 2023

In other words, they weren’t satisfied with understanding debits, credits, and audits. Maginnis recalls a situation early in his career when he was assigned to a large engagement with a principal client official who was rude and hostile toward the entire audit team. That can be a tough fight to win.

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KROST

FEBRUARY 9, 2021

Stacey has extensive experience in assurance & advisory and accounting services and since joining the firm she has led the accounting and audit departments. She is also an integral member of the Sports & Entertainment and Financial Services industry groups. Accounting , Sports & Entertainment. Korman, CPA, MST.

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MyIRSRelief

APRIL 3, 2023

They can also help prepare tax returns, file necessary forms, and represent the business in the event of an audit. Q: How can an accountant help with audit support? The city is home to the entertainment industry, technology companies, and a variety of other industries. Q: How can an accountant help with financial management?

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CPA Practice

MAY 18, 2023

Factor in that 63% of energy businesses and 48% of fuel companies included in a recent Aberdeen Strategy & Research study were hit with penalties or interest from audits in the year prior to the research, and it’s easy to understand why companies might feel like they’ll combust.

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CPA Practice

MAY 17, 2023

Factor in that 63% of energy businesses and 48% of fuel companies included in a recent Aberdeen Strategy & Research study were hit with penalties or interest from audits in the year prior to the research, and it’s easy to understand why companies might feel like they’ll combust.

tax 52

tax audit Entertainment Education 52

Ronika Khanna CPA,CA

DECEMBER 9, 2021

Sending a diamond bracelet to a customer who has purchased something from you once, will very likely be audited and disallowed. This will jog your memory in the event of an audit and provide a documentary trail that auditors are fond of seeing.

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Withum

NOVEMBER 1, 2022

The driving force behind such gaudy market value predictions comes from the availability of the entertainment across a multitude of platforms that broadcast various competitions and content creators. For more information on this topic, please contact a member of Withum’s Sports and Entertainment Services Team. Contact Us.

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CPA Practice

NOVEMBER 6, 2023

At Mazars, she specializes in accounting and auditing for transportation and logistics. Glantz, co-founder, chairman, Emagine Entertainment, Inc. She has shown exemplary leadership in its Emerging Leaders Interest Group, Student Programs and & Scholarship Committee and Monmouth/Ocean Chapter Board of Directors.

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xendoo

SEPTEMBER 19, 2022

Not only will this shield you in the event of an audit, but it can make it easier for you to keep track of your expenses when filing your income taxes. In the event of an audit, the IRS will require you to provide documentation of expenses you have written off. Entertainment. 100% of the days you spend working .

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CPA Practice

JUNE 6, 2023

The event will feature keynote speakers who will teach leadership tactics to put one’s career and organization on track for growth and leading technology, audit and tax industry professionals who will present best practices to thrive in accounting today.

New Jersey 52

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TaxConnex

AUGUST 19, 2021

As movie theaters closed, production companies looked to streaming services as a way to release new content and produce some sort of revenue while entertaining the public who remained in lockdown. Digital media and streaming services benefitted from everyone stuck in their homes.

tax 246

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Withum

MARCH 30, 2022

It should be used for artist fees for performances during the audit period first. Theatre, Entertainment and the Arts Services. For more information, please reach out to Withum’s Theatre, Entertainment and the Arts team. Contact Us. Contact Us.

Entertainment 72

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Going Concern

AUGUST 12, 2022

The death knell of Arthur Andersen—which was one of the “Big Five” auditing firms—was a massive blow to the accounting industry and gave many regulators cold feet in bringing claims against audit firms. over BT fraud audit failures [ The Guardian ] PwC has been fined almost £1.8m PwC fined nearly £1.8m Aww bless their hearts.

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inDinero Tax Tips

AUGUST 29, 2023

Nondeductible Entertainment Expenses You may wonder if you can write off entertaining clients as a business expense. Unfortunately, these are nondeductible entertainment expenses. This goes for concert tickets, sporting events, or other forms of entertainment for clients.

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ThomsonReuters

FEBRUARY 2, 2022

You can do this through engaging and even entertaining content. Prevent audits. Explain how your auditing services can pinpoint discrepancies in their current system. You can also offer your help if they get audited by the IRS. Appeal to their emotions by showing how you can help them through stories of people like them.

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Ryan Lazanis

AUGUST 2, 2023

Financial Consulting Associates Accounting Auditing Venture Professional Tax Consultants Etc. Lengthy names can be challenging to remember, pronounce, and fit into branding materials. Picture yourself as a customer and tell me if you’ll find these names appealing and interesting.

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PYMNTS

JUNE 14, 2019

Among those expenses were thousands of dollars in cash advances and what were billed as “extensive entertainment costs.” The scheme came to light as part of an internal audit and spanned 18 months, allegedly. And in another instance of fraud, this time with wheels, accountancydaily.co

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KROST

NOVEMBER 30, 2021

Our real estate services include but are not limited to cost segregation , 1031 exchange , federal and state tax compliance , financial reporting , internal control , audits, reviews, and compilations. Your business will benefit from our wide range of tax, audit, and advisory services. and the entertainment industry.

Real Estate 52

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Ronika Khanna CPA,CA

OCTOBER 5, 2023

There are also a number of specific rules with respect to meals and entertainment expenses. This is one of the most audited areas by CRA and RQ and as such it is very important to document the business reason for travel eg. Expenses paid for in advance like a security deposit for rent are not deductible until actually used.

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Going Concern

NOVEMBER 11, 2022

” teased your uncle who continues to ask you to do his taxes even though you’re now an audit manager. The smaller firms are going merge-crazy and some are entertaining private equity as a way to compete in the talent war. . “Haha BORING,” said your little brother. “So does this mean you can do my taxes?”

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