Going Concern

JULY 11, 2022

The UK watchdog last month issued a £5m fine for failures in its audit of the construction firms Galliford Try and Kier. So problematic have been the perceived conflicts of interest between audit and consulting work that EY in May said it was drafting plans to spin off its auditing arm. appeared first on Going Concern.

audit 104

audit Account accountant accounted 104

Withum

SEPTEMBER 16, 2022

This landmark decision attempted to level the playing field between brick-and-mortar and remote online retailers. . Thus, the state legislature that sets the rules for sales tax for online retailers at the state level is implementing them locally also. The post Sales Tax Issues for Online Retailers appeared first on Withum.

Sales 80

Sales Retail Tax South Dakota 80

Going Concern

MAY 23, 2024

FTE Senior Tax and Accounting | Candidate ID #20455103 Certifications: CPA in progress Education: BA, Accounting & Business Administration Experience (years): 4+ years in public accounting Work experience (highlight): Staff Accountant at a CPA firm Full client care including accounting, bookkeeping, tax and audit In 2024 completed 100+ returns, (..)

Real Estate 57

Real Estate Account accountant accounted 57

TaxConnex

FEBRUARY 7, 2023

When it comes to audits, the research indicates that audit activity is stabilizing, with 67% reporting that audit volumes remained the same. The difference this year is the expectation of increased audits: only 23% expect audits to be more frequent, which is nearly half of what was reported last year (49%).

Sales 170

Sales Tax audit Construction 170

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. What is Audit Representation and How Can It Help Me in Corona, CA? Compliance Assurance: Ensures that your rights are protected and that the audit process adheres to the law 2.

Tax 130

Tax payroll tax tax return payroll 130

Going Concern

MARCH 20, 2023

The Ghost of Audits Past is haunting the EY split : EY’s plans to split its auditing and consulting arms have been dragged into a $2.7 The post Monday Morning Accounting News Brief: Bad Audit Haunts EY; Big 4 RTO in India; Why Can’t PwC Hire?? Accenture received the most 5-star ratings, with 25.

audit 95

audit Account accountant accounted 95

TaxConnex

DECEMBER 5, 2023

Gym and fitness chains and warehouse retailers, for example, use the internet to sell memberships to their franchised businesses all over the country. Retail Again, this sales tax on this kind of membership varies greatly by state. States don’t take membership sales tax lightly. The state socked Books-A-Million with a $242,076.97

South Carolina 204

South Carolina Sales Tax West Virginia 204

Menzies

JANUARY 18, 2024

In this article, we unlock some secrets to strategic financial planning for your retail business. In a competitive retail landscape, even marginal gains matter—why not rethink your year end with insights from the Menzies Retail team. What year end should a Retail company have? Are you thinking outside of the norm?

Retail 59

Retail corporation tax chartered accountant accounting and finance 59

Going Concern

MAY 16, 2024

FTE Senior Accounting and Tax | Candidate ID #5311425 Certifications: CPA, QB ProAdvisor Education: BA Accounting, MS Accountancy Experience (years): 10+ years public accounting Work experience (detail): 2+ with national firm 10 years working with large C-Corp clients 5+ years with SMB and HNWIs tax prep and advisory 4 years with own practice with (..)

Real Estate 57

Real Estate Account accountant accounted 57

Going Concern

APRIL 28, 2023

This time it is related to their audit of TheWorks.co.uk, a discount retailer specializing in arts, crafts, toys, books, stationery, and perpetual fire sales of various cheap stuff with which to clutter your domicile and desk drawers. Another day, another Financial Reporting Council fine for KPMG. What did they do?

audit 97

audit auditor Washington Retail 97

Withum

APRIL 2, 2021

Strong internal controls are an important component in helping Retail Store Businesses reduce possible fraud usually caused by employee theft and customer shoplifting. Visit the retail store(s) unannounced. Perform periodic self-assessment audits. Require receipts for refunds for cash. OWNER/ STORE MANAGER.

Retail 94

Retail general ledger accounts payable Sales 94

CPA Practice

JANUARY 2, 2024

MaloneBailey, LLP Welcomes Howie Tang, New Audit Partner MaloneBailey, LLP, a global, mid-market, public accounting firm based in Houston, Texas, recently announced that Howie Tang, CPA has joined the firm as an Audit Partner. Tang brings more than 13 years of public accounting and audit experience with large regional CPA firms.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

PYMNTS

DECEMBER 28, 2020

The dreaded returns season has hit retail with a predictable but painful thud. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience.

Retail 86

Retail Real Estate audit Gaming 86

TaxConnex

FEBRUARY 1, 2024

Sending the states what you owe: Your filing and remittance solutions need to accommodate multiple data files and formats, e-file and paper returns, electronic payments and checks, notice management and resolution, tax calendar updates and an audit trail to minimize penalty assessments. This is a pivotal step in your compliance.

Sales 229

Sales Tax Minnesota Colorado 229

TaxConnex

MARCH 26, 2024

The purchaser – not the retailer – has the responsibility for determining whether or not a sale is exempt from tax. If the purchaser does not submit a valid exemption certificate to the retailer, the retailer has the responsibility to assess and collect the sales tax from the purchaser.

Sales 158

Sales Tax tax return Retail 158

TaxConnex

JUNE 21, 2022

Twenty-four states and the District of Columbia had added enforcement of economic nexus in 2019, in addition to the 19 that added the burden to online retailers right after Wayfair. Companies also wondered if they were collecting and remitting the correct sales tax – and if they were at risk for audit. A complex situation grows.

South Dakota 184

South Dakota E-commerce Alaska Missouri 184

MyIRSRelief

APRIL 29, 2024

Retail and Hospitality: LA’s vibrant culture attracts tourists and locals alike, fueling the retail and hospitality sectors. Audit Representation: In the event of an IRS audit, a qualified tax professional will represent your business, ensuring your rights are protected and navigating the process efficiently.

Tax 130

Tax bookkeeping Account accountant 130

TaxConnex

APRIL 13, 2023

Our third annual survey of financial professionals across accounting, manufacturing, construction, software and technology, retail/eCommerce, telecom and others showed that many industries face sales tax challenges and that financial leaders continue to lean on internal resources to get the job done. What’s keeping them up at night?

Sales 130

Sales Tax tax return audit 130

PYMNTS

SEPTEMBER 28, 2020

But as it moves away from concept and toward reality, the metaverse could become a legitimate platform for retail. For retail purposes, there are two kinds of metaverses. For retail purposes, there are two kinds of metaverses. Both hold significant opportunities for retail. Sounds more like retail than gaming.

Retail 54

Retail Gaming audit 54

PYMNTS

NOVEMBER 13, 2018

Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers. Reports in Reuters on Sunday (November 11) said the U.K.

audit 49

audit cma auditor Construction 49

MyIRSRelief

MAY 1, 2024

Audit Defense: The risk of an IRS audit is a constant concern. An Enrolled Agent, specializing in representing taxpayers during audits, can be your rock. They ensure your rights are protected, navigate the audit process with ease, and fight for a fair outcome if discrepancies arise in forms like 1120, 1120S, or 1065.

Tax 130

Tax tax planning audit Non-Profits 130

TaxConnex

DECEMBER 28, 2021

More than $1 in every $4 spent on retail purchases during the 2021 holiday season will come from online orders, by some estimates (with about two out of every five of those done via a smartphone, other industry observers add ). Then there’s the danger of sales tax audits. billion in U.S. Give yourself the gift of compliance.

Sales 181

Sales Tax audit tax return 181

TaxConnex

MAY 5, 2022

Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. Taking your customers’ word that they are exempt will not help you during an audit. Nevertheless, you can do a quick check for the most common errors.

Sales 168

Sales South Dakota Tax Hawaii 168

PYMNTS

JANUARY 12, 2020

Matthias, who has served as chair since 2008, will be succeeded by Thomas Eichelmann, a board member since 2019 and the head of its audit committee. He will still lead the Wirecard board audit committee. “We Matthias will stay on the board until his term expires in 2021.

audit 40

audit auditor Government Retail 40

TaxConnex

NOVEMBER 1, 2022

Businesses have new ways to sell today, as marketplaces such as Amazon and the business’s own website have joined established channels like direct retail sales and wholesale sales. Each brings different sales tax implications – and retail and ecommerce businesses aren’t always aware of their obligations.

Sales 130

Sales South Dakota South Carolina Illinois 130

TaxConnex

NOVEMBER 22, 2022

As eCommerce retailers and other online businesses have found complete outsourcing a good solution for sales tax compliance, accounting firms can use such a partnership to operate advisory services – and charge the higher value-added rates that they would for tax prep and other work. Mark Friedlich, CPA, vice president of U.S.

accounting firms 130

accounting firms Sales Tax tax return 130

TaxConnex

JUNE 28, 2022

Exemptions are statutory exceptions eliminating the need for the retailer to collect sales tax on a particular transaction or on all transactions with a customer. This is generally through a use tax accrual and payment by the customer to the state, or the customer is assessed under audit and pays the applicable sales tax due.

Sales 187

Sales Tax audit been audited 187

Going Concern

MARCH 25, 2024

The Financial Reporting Council, audit watchdog to those zany Brits, said today that it won’t be able to increase headcount just yet because something something laws. “Britain’s audit watchdog pauses hiring after delay in new powers,” Reuters March 25, 2024 FRC fines have almost doubled in two years.

Account 103

Account accountant accounted auditor 103

CPA Practice

MAY 15, 2024

And following dire budget conditions during and following the pandemic, states have greatly increased their sales tax audit activity. has become a massive challenge for most small and mid-sized businesses. This is one of the smaller niche specialties among firms, with about 10% of our voters reporting a preference in this category.

Technology 115

Technology accounting firms cpas Account 115

PYMNTS

MAY 1, 2020

Mnuchin: All PPP Loan Recipients Will Face Audits. Treasury Secretary Steven Mnuchin said per reports that firms that borrow money via the Paycheck Protection Program (PPP) can expect to be audited prior to forgiveness of the loans. ” JPMorgan Chase Submits Nearly $18B In PPP Loans. Fun, Cool and Otherwise Interesting.

audit 57

audit Hospitality payroll B2B 57

Going Concern

NOVEMBER 24, 2023

The shortage is also not limited to tax accountants but extends to those involved in financial planning, auditing, and other accounting tasks​​. This situation is especially burdensome for middle-market companies, which rely heavily on accurate financial reporting and auditing​​.

auditor 113

auditor audit tax return cpas 113

TaxConnex

JULY 21, 2022

is a business or organization that contracts with third parties to sell goods and services on its platform and facilitates retail sales. Taking your customers’ word that they are exempt will not help you during an audit.? economic nexus laws. Generally, a?marketplace marketplace facilitator?is Marketplace facilitators?enable

Sales 177

Sales Tax Pennsylvania Ohio 177

CPA Practice

JULY 31, 2023

The new promotions touch the firm’s offices in both Pittsburgh and Columbus, and they reach across several areas of the firm’s service offerings, including the firm’s Tax, Audit and Consulting practices, as well as the Merger and Acquisitions/Transaction Advisory practice. Deatrick joined the firm in 2009.

Real Estate 97

Real Estate West Virginia Manufacturing audit 97

CPA Practice

APRIL 17, 2023

While the simplest of retailers can still get by using state websites, those with even a few sales outside of their home jurisdiction can quickly find themselves in murky waters. Voters were allowed to select more than one, so totals exceed 100%. Although a small niche, about 10% of our voters had a preference in this category.

quickbooks 130

quickbooks payroll Technology audit 130

TaxConnex

JUNE 22, 2023

With an eye to easing the sales tax burden for smaller retailers, some 20 states have lowered their transaction thresholds. Colorado apparently listened and is exempting retailers whose sales of tangible personal property, commodities or services in the state in the previous year totaled $500,000 or less. Easing off?

South Dakota 130

South Dakota North Dakota Colorado Minnesota 130

CPA Practice

JANUARY 30, 2024

Founded 20 years ago by Tracey Rink and Rick Kasperski, Kasperski Dinan & Rink CPAs has provided a wide range of services to such clients as real estate entities, printing, manufacturing, and construction companies, as well as businesses in the retail and high-tech industries.

cpa firm 98

cpa firm CPA forensic accounting cpas 98

TaxConnex

SEPTEMBER 29, 2020

The number of online retailers in the program has also grown from fewer than 200 in 2017 to more than 2,900 today. The Illinois Department of Revenue (IDOR) recently announced expansion of its Audit Fast Track Resolution (FTR) Program to all sales and miscellaneous tax audits except for Motor Fuel Use Tax. Sales taxes were up 8.2

Sales 230

Sales Tax Alabama Texas 230