CPA Practice

JANUARY 3, 2024

Top 200 accounting firm ATA CPAs + Advisors has expanded its presence in western Tennessee after combining with Memphis-based Whitehorn Tankersley & Davis PLLC on Jan. With this merger, ATA now has 240 employees and 16 locations across four states—Tennessee, Arkansas, Kentucky, and Mississippi.

cpas 59

cpas Tennessee Mississippi Arkansas 59

TaxConnex

AUGUST 9, 2022

95 , beginning July 1, 2023, local tax collectors have to provide notice of their intent to audit that also “advise[s] the taxpayer that the taxpayer may request a multi-parish audit.”. 244 , effective this Aug. 1, enacted uniform reporting for collectors. Free for all. Among them, alphabetically: Idaho will exempt qualified?

Sales 130

Sales Louisiana Tax Iowa 130

CPA Practice

APRIL 25, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, look at AssurancePrep , a practice management resource system for audit firms. And if you’re in particular working in audit, comp, and review, whether it’s internal audit or external audit, audit quality is going to come much more of an issue. And so this helps there.

Technology 111

Technology audit Account accountant 111

TaxConnex

MARCH 21, 2024

It did, but the South Carolina Department of Revenue later audited Amazon and found that it had failed to adequately tax sales by third-party merchants. After initial incentives from South Carolina for an Amazon investment in fulfillment centers 13 years ago, the company was to have begun collecting South Carolina sales tax in 2016.

South Carolina 194

South Carolina Sales Tax Alabama 194

TaxConnex

SEPTEMBER 7, 2023

Exemption for a contractor providing services to a nonprofit requires specific circumstances in Tennessee. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. How important are these certificates?

Sales 147

Sales Tax Non-Profits North Carolina 147

Going Concern

MARCH 1, 2024

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Audit PCAOB to Host Virtual Roundtable on NOCLAR Proposal, Reopen Comment Period Until March 18 [ PCAOB ] We’ll attend and report back. This might be good.

audit 109

audit Nebraska auditor chartered accountant 109

TaxConnex

JANUARY 27, 2022

Arkansas, Kansas, Pennsylvania, Tennessee, Texas and Florida were the latest states to report sales tax revenue shattering predictions. Can audits and stricter enforcement be far off? It’s estimated that within 20 years, 95% of all purchases will be through e-commerce. Domestically, that’s turned into a lot of tax revenue.

Sales 162

Sales E-commerce Tax Florida 162

Going Concern

OCTOBER 20, 2023

Tennessee’s largest CPA firm announces expansion into Kentucky [ The Tennessean ] One of the Nashville area’s top-ranked business consulting firms is expanding its services to Kentucky. LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes.

CPA 107

CPA quickbooks Real Estate auditor 107

CPA Practice

MARCH 18, 2024

Top 500 accounting firm JHM Certified Public Accountants, based in Chattanooga, is expanding its presence in eastern Tennessee by combining with Harting, Bishop & Arrendale (HBA) in Cleveland, TN. The combined firm will operate under the name of JHM Certified Public Accountants. The merger brings JHM to approximately 70 team members.

cpa firm 52

cpa firm CPA Tennessee Real Estate 52

Going Concern

MAY 26, 2023

Under the revamp of the US firm’s leadership, John King, the head of EY’s US audit business and one of the major opponents of the spin-off, will be leaving the US executive committee, Boland told partners earlier this week. Marcum had audited Riot’s consolidated financial statements for the fiscal years between 2018 and 2022.

public accounting 92

public accounting Account accountant accounted 92

TaxConnex

DECEMBER 22, 2020

Illinois announced expansion of its Audit Fast Track Resolution Program to most sales and miscellaneous tax audits. Missouri clarified rules regarding sales processed outside its state, and Tennessee discussed the taxability of pre-recorded videos of online courses. Learn more here. Learn more here. Learn more here.

Sales 130

Sales Tax North Carolina Michigan 130

Going Concern

JANUARY 5, 2024

He furthered his education at the University of Tennessee at Knoxville and was a member of the UT Pride of the Southland Marching Band. Barnes did not say whether the retirement of Yanik, who is in his late 60s, is related to the 2022 audit report that was due to the Connecticut Office of Policy & Management in December 2022.

tax return 110

tax return Virginia accounting and finance audit 110

CPA Practice

JUNE 5, 2023

The Tennessee Society of CPAs (TSCPA) Strategic Plan is now available to download. Appointees include Board officers: Board Chair: Laura O’Brien, CPA, MST, LGA, LLP Chair-Elect: Laura Felice, CPA, CGMA, BJ’s Wholesale Club, Inc. Check out DSCPA.org for more information or to register online.

CPA 111

CPA Delaware Oklahoma Massachusetts 111

TaxConnex

DECEMBER 1, 2022

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee.

Sales 130

Sales Tax Alaska Louisiana 130

CPA Practice

OCTOBER 18, 2023

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. Two others have the dubious distinction of getting honorable mention: Alabama and Kansas.

Sales 59

Sales South Dakota Tax Missouri 59

Going Concern

FEBRUARY 3, 2023

BDO’s culture attracts KPMG auditing veteran from New York [ Australian Financial Review ] An inability to easily visit family in New Zealand during the COVID pandemic led to auditing veteran Fiona Narielwalla moving to Sydney after almost a decade in New York. “Mazars do a good job.

cpas 111

cpas quickbooks accounting and finance North Carolina 111

Going Concern

MARCH 18, 2022

Deloitte reverses COVID-19 vaccine mandate, but remains one of few large employers to do so [ The Globe and Mail ] Auditing giant Deloitte Canada is reversing its mandatory vaccination policy for employees, as more provinces move toward eliminating COVID-19 restrictions and companies begin re-evaluating their mandates. Happy #friyay !

audit 52

audit auditor Tennessee accounting and finance 52

Going Concern

NOVEMBER 3, 2023

Thomson Reuters ] While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. How will AI affect accounting jobs? The deal also adds seven locations to Choreo’s nationwide network. Who knows!

financial statements 109

financial statements Tax audit CPA 109

Going Concern

AUGUST 11, 2023

This has been a very successful decision with KPMG doubling in size since then assisting our growing client base in areas including audit services, advisory and business and tax advisory.” Auditors today disclose critical audit matters. District Judge Thomas Varlan’s decision was brief.

Account 89

Account accountant accounted Tennessee 89

Going Concern

JANUARY 16, 2023

An accountant used his position in the accounting department of the Volunteer Energy Cooperative (VEC) in Tennessee to steal nearly a million dollars, he used a refund scheme to transfer money into his personal checking account and make payments to his credit cards and his wife’s credit cards.

Account 95

Account accountant accounted auditor 95

CPA Practice

JANUARY 31, 2023

Ray Lee specializes in IT internal audit, Sarbanes-Oxley (SOX) compliance, and System and Organization Controls (SOC) reporting, with over 14 years of experience in his role in the firm’s Risk Advisory Services practice. In his practice, he provides accounting and audit services to the construction and non-profit sectors.

New Hampshire 110

New Hampshire Georgia Virginia public accounting 110

inDinero Tax Tips

MARCH 2, 2023

As many IRS audits and prosecutions have shown, this is not the case. The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax 98

Tax income tax South Dakota tax return 98

Going Concern

AUGUST 18, 2023

In total, the audit reportedly suggested that 20th Century underpaid TSG “by at least $40 million.” This is a strategy Leiter uses as a leader of the audit, tax and advisory services firm, which he joined from Ernst & Young over 20 years ago. “I Even auditing firms were struggling in how to quantitatively evaluate this stuff.”

Account 92

Account accountant accounted accounting and finance 92

LyfeAccounting

FEBRUARY 9, 2021

Tax Benefits #3: Low Risk of Audit. Since 2010, S-Corp audits have dropped about 34%. According to the IRS, audit rates for S-Corps in 2018 were 0.22%. To put it in perspective, that is one in every 459 S-Corps were audited. S-Corps have a very low chance of being audited by the IRS. This is extremely low.

Tax 52

Tax audit New Hampshire income tax 52

inDinero Tax Tips

MARCH 2, 2023

As many IRS audits and prosecutions have shown, this is not the case. The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax 52

Tax income tax South Dakota tax return 52

PYMNTS

MAY 18, 2018

And beyond products themselves that connect all parties to the transaction, online notarization has gained legislative support in states including Texas, Tennessee, Nevada and Indiana — and notaries in each of those states can offer their digital services nationwide. Services in those states go into effect on July 1.

Real Estate 53

Real Estate Construction Nevada Indiana 53

CPA Practice

DECEMBER 15, 2023

I’m Randy Johnston out of Hutchinson, Kansas with my friend and cohort and CO presenter Brian Tankersley out in Knoxville, Tennessee. But if you’re a fairly aggressive group running cch engagement and doing prep company review and audit, probably not right now. Randy Johnston 00:08 Welcome to Technology Lab.

Technology 52

Technology CPA New York Kansas 52

PYMNTS

APRIL 13, 2020

A man in Tennessee hoarded nearly 18,000 bottles of hand sanitizer , bottles he later donated after online marketplaces started banning sales of certain types of goods and state investigators showed up at his door. In the early weeks of the COVID-19 pandemic, price-gouging stories quickly became nearly legendary.

Tennessee 129

Tennessee Start-ups Sales audit 129