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Friday Footnotes: KPMG UK Pay Freeze; PwC Canada Layoffs; EY Bailing on Office? | 11.24.23

Going Concern

Generally, taxpayers fall within the contours of reasonable cause if they can show that they exercised ordinary business care and prudence—for example, with respect to a filing obligation or regarding an item claimed on a tax return. Taxpayers who use tax professionals can sometimes also show reasonable cause—i.e.,

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Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

High Demand, Limited Supply The pressure from tax filers to ensure accurate tax returns with maximum tax relief compounds the demand on veteran tax practitioners. It offers a buffer against the challenges of recruiting new staff and retaining seasoned CPAs.

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FTB Audit Representation by California State Taxing Authority

MyIRSRelief

They use it to gather information from you and to inform you of what they already know about your tax situation. During the audit, the CA FTB auditor is looking to find anything on your tax return in the case of an individual or the review of your books & records in the case of a business.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M. Smucker — makers of Smucker’s jam, Folger’s coffee and Jif peanut butter — has an innovative return to office policy. Missed deadlines and pervasive errors mounted as overloaded partners churned out audit after audit, a Bloomberg Tax analysis found.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.

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Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time

AdviceForTaxpreparers

Issue 3: I am an accounting major, auditor, or I don’t have enough experience in tax to promote the book. Facebook, Twitter, LinkedIn, talking directly to CPAs, accounting majors, accounting teachers, etc.). Join my LinkedIn group Accounting LIONs to add connections of accounting & tax professionals to your LinkedIn network.

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Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

“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. Louis worked as a Tax Examiner for the IRS from 1985 to 1994.