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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

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Friday Footnotes: EY Buffs PE Practice; A Thirst for Integrity; “Everyone Feels KPMG Is 4th” | 6.10.22

Going Concern

This latest statement follows a pair of statements issued in October 2021 and December 2021, both of which similarly highlighted auditor independence. This latest statement follows a pair of statements issued in October 2021 and December 2021, both of which similarly highlighted auditor independence.

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Are Gifts to customers and business associates deductible expenses?

Ronika Khanna CPA,CA

A gift can be given around the holidays, on birthdays, after closing a sale or any other time as a simple thank you. Of course, if you are buying gifts on behalf of your business, you should know whether they qualify as tax deductible expenses. Learn more. Mr. Ngai stated that the purse was given as a gift to promote his business.

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5 indirect tax trends shaking up corporate landscapes

ThomsonReuters

The episode, “ How Tech Can Help You Navigate the New Tax Rules and Tax Trends ,” features Chris Harris, tax technology solution consultant, Thomson Reuters; Chris Reich, indirect tax product management director, Thomson Reuters; and Dan LeCompte, senior manager in KPMG’s Transactional Tax Systems practice.

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Friday Footnotes: Staffing Disasters; Let’s Rag on EY; A Warning For Tax Practitioners | 4.14.23

Going Concern

EY Decision to Call Off Auditing Split Leaves Investors Stranded [ Bloomberg Tax ] Now that EY has deserted any plans to assuage these concerns through a thoughtful split, it’s created a contentious environment for other firms to pursue well-advised efforts to separate their business lines.

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FASB Took It Easy in 2022

Going Concern

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. What’s more, Mr. Jones does not appear to be fan of the minimum corporate tax. The six ASUs are: ASU No.