Withum

FEBRUARY 5, 2024

DOL CAP Audit Series While CAP audits can examine any financial, business and compliance aspects of a Union, there are a handful of topics that tend to be examined frequently among unions. Contact Us For more information on CAP Audits or to discuss your union’s needs, contact Withum’s Labor Unions Services Team.

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audit Expense Reimbursements accounting firms Account 52

SkagitCountyTaxServices

MAY 12, 2021

You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc. Now, let’s dive into handling business expenses paid by employees. The credit card statement that shows the transactions your employee is making can be demanded by the state when they conduct a use tax audit.

Expense Reimbursements 40

Expense Reimbursements Employee Expense Reimbursement Tax audit 40

Withum

NOVEMBER 3, 2022

In past years, the annual audit was performed by a CPA who was an income tax practitioner. When selecting the new firm, ACME CPAs, management chose a firm and practitioners who specialized in financial audits with an emphasis in labor union/not-for-profit organizations. The Takeaway.

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Employee Expense Reimbursement Expense Reimbursements Employee Reimbursement Software cpas 52

ThomsonReuters

MAY 4, 2023

29, 2023) Available at [link] The IRS Chief Counsel’s office has released a memorandum that addresses the substantiation requirements for medical and dependent care expenses and the consequences of various substantiation shortcuts. IRS Chief Counsel Memorandum 202317020 (Mar. The memo addresses six situations.

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Expense Reimbursements audit Tax Sales 69

SMBAccountant

NOVEMBER 17, 2021

This can include deductions for Social Security, Medicare, federal and state income taxes, health insurance, 401k, child support, expense reimbursements, and many others. When posting the net pay as the business’s expense, all those deductions that were paid by the employee are reducing the company’s expense.

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payroll payroll tax income tax Expense Reimbursements 130

Withum

DECEMBER 7, 2023

Forensic Investigations vs. Audits A common misperception is that audits and forensic investigations have similarities. However, that couldn’t be further from the truth. The company stakeholders in investigation engagements can include company management, a board of directors, an independent auditor, regulator or counsel.

forensic accounting 52

forensic accounting Hospitality Account accountant 52

MineralTree

JANUARY 18, 2024

The AP process involves managing and tracking all outgoing payments a company is liable for, from vendor invoices to expense reimbursements. Additionally, an organized system can help team members answer supplier questions or make it easier to audit AP. As a result, you save time and reduce the risk of human error.

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accounts payable AP Processes AP Automation Account 80