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On-Demand Webinar: Year-End Tax Planning for Professional Athletes

Withum

Join this on-demand webinar where Withum’s Professional Sports experts and Rocco Scarfone dive into the complex challenges associated with athletes and taxes. Compliance and record-keeping best practices (ie, preparing for a financial statement audit). setting up proper tax structure.

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Free Knowledge Growth Webinars

Withum

I am scheduled to present four free webinars primarily for CPAs, but anyone in business that uses financial statements might also find them interesting and insightful. Also, I am presenting an IRA/401k webinar for the general public and not accountants or tax professionals. – Financial Statement Myths.

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The power of Assisted Decision Making in Thomson Reuters Cloud Audit Suite

ThomsonReuters

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations.

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Not-for-Profits in the Know Webinar Series: Demystifying Cryptocurrency and Digital Assets

Anders CPA

Join us on Wednesday, September 14 from 10:00-11:00am CT for the second segment of our Not-for-Profits in the Know webinar series. While some of the hype around cryptocurrency has cooled off, we believe it’s here to stay and have dedicated resources to understanding the tax, audit and financial accounting effects of digital currencies.

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SAS 145 early guidance: Enhancing audit quality through improved documentation and skeptical analysis

ThomsonReuters

In this second post, we’ll dig into ensuring audit quality. Specifically, we’ll look at the need for auditors to maintain professional skepticism and document their work thoroughly to improve audit effectiveness and efficiency. Again, this is an opportunity for firms to improve audit efficiencies and effectiveness.

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The Risks and Repercussions of Non-Compliance

TaxConnex

This amount, plus penalty and interest is what would be expected of you in the case of an audit. There’s no statute of limitations for unfiled returns, meaning that unpaid tax liabilities for non-filing years can be audited indefinitely. Repercussions of not complying. Penalties associated can start at 25% of tax liabilities.

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Sales Tax Horror Stories: M&A

TaxConnex

And it can be much easier to spot a sales tax problem with a public company because of the added scrutiny of public reporting and independent auditing. Step by step Due diligence will typically involve a trull review of the target company’s tax background, including all returns, audit history and accounting method. And avoidable.

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