TaxConnex

JULY 9, 2024

Yet often we see differences between a client’s billing system and their tax reporting. You could be billing taxes within your billing system and yet haven’t filed a single sales tax return and haven’t tracked the tax data to be aware of a future filing obligation. Tax types and nexus pose other wrinkles.

Sales

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.

audit

CPA Practice

AUGUST 9, 2024

Previously, she was a senior manager in a national firm’s assurance and advisory business services group, working on audits of large public and nonpublic companies in the professional services, manufacturing, distribution, and construction industries. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

Ohio

CPA Practice

JULY 31, 2024

Previously, she was a senior manager in a national firm’s assurance and advisory business services group, working on audits of large public and nonpublic companies in the professional services, manufacturing, distribution, and construction industries. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

Ohio

Going Concern

SEPTEMBER 29, 2023

Smucker — makers of Smucker’s jam, Folger’s coffee and Jif peanut butter — has an innovative return to office policy. The company expects each of its roughly 1,300 Orrville, Ohio-based corporate workers to be on site for 22 “core” weeks a year. Still, the results give offshore bondholders something to chew on.

auditor

Going Concern

JUNE 23, 2023

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. Scott Bassett, a partner with the U.S.

cpa firm

CPA Practice

MAY 17, 2023

Most states tax personal property owned by businesses and require businesses to complete and file a personal property rendition every year. The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota.

South Dakota

ThomsonReuters

FEBRUARY 1, 2021

The FUTA tax rate is currently 6.0% FUTA tax credit reduction when they file their Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return), resulting in a net FUTA tax rate of 0.6%.FUTA on the first $7,000 in wages per employee each year. However, employers generally receive a 5.4%

Hawaii

Cherry Bekaert

NOVEMBER 16, 2023

For non-audited taxpayers or those without a check to return, the withdrawal form should be faxed to 855-738-7609. If a refund check was received, void it, include a statement for “ERC withdrawal,” and return it with an explanation to Cincinnati Refund Inquiry Unit, PO Box 145500, Mail Stop 536 G, Cincinnati, Ohio, 45250.

tax return

Going Concern

MARCH 25, 2022

I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week. PCAOB Spotlight PDF here.

tax return

CPA Practice

APRIL 15, 2024

In some instances, Meyer backdated documents so that clients could claim purported donations on their prior years’ tax returns. Indeed, the IRS conducted several audits of Meyer’s charities, and found that the Ultimate Tax Plan was an economic sham. The court will determine restitution at a later date.

Florida

CPA Practice

APRIL 16, 2024

In some instances, Meyer backdated documents so that clients could claim purported donations on their prior years’ tax returns. Indeed, the IRS conducted several audits of Meyer’s charities, and found that the Ultimate Tax Plan was an economic sham. The court will determine restitution at a later date.

Florida

CPA Practice

DECEMBER 10, 2024

HedgeweekNames CohnReznick 2024 Best Audit Firm: Overall CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that it has been named Audit Firm of the Year: Overall in Hedgeweeks 2024 U.S.

public accounting

CPA Practice

JANUARY 12, 2024

But one of the one of the major things I think that needs to be said about it is that the major the major AI initiative that TR is chasing is the is incorporating sure preps document and information ingesting process on the front end of a tax return. And so they’re trying to use automation technology. Randy Johnston 11:39 Yeah.

Technology

Going Concern

NOVEMBER 10, 2023

“Financial reporting leaders, but also investors, regulators, and other stakeholders in the capital markets expect AI to drive audit quality. “Considering both the scope and scale of AI’s impact on financial reporting, enhancing audit quality by using technology to stay ahead of emerging risks is expected.”

audit

Going Concern

AUGUST 4, 2023

Audit Fireside Chat with PCAOB Chair Erica Y. While the US Securities and Exchange Commission doesn’t technically approve SPAC deals, it requires audited, accurate financial statements to declare such tie-ups effective. This is a well-earned advancement to help us lead our efforts in the Ohio region.”

cpa firm

Going Concern

JULY 15, 2024

An Ohio firm, Payne Nickles & Co. After finding fault with Canadian audit quality in recent years — not only with regional accounting firms but with members of the Big Four in Canada — the US audit watchdog found little fault in its most recent reports. to “How can I make money online?”

Account

CPA Practice

JUNE 21, 2023

on Thursday to consider “documents protected under Internal Revenue Code section 6103,” which includes personal tax returns and related information. It’s the same statute that the Ways and Means panel under Democratic control last year invoked to review, and ultimately release to the public, former President Donald Trump’s tax returns.

tax return

Going Concern

MARCH 14, 2025

Audit Empowering auditors: A key to protecting investments [ Phys.org ] Many investors have wondered at some point whether businesses are doing what they promised with their money, or whether they are just saying one thing and doing another. The board also voted to accept a corrective action plan that included ways to fix the tax problem.

Gaming