Remove auditor Remove Entertainment Remove financial statements Remove tax accountant
article thumbnail

Top Remote Accountants of the Week | May 2, 2024

Going Concern

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

There are many reasons the IRS might audit a business, but most happen due to random selection or tax errors. From there, you’ll communicate with your auditor and provide the documents they ask for. For example, if your deductions include certain expenses like entertainment, you can’t claim the Cohan rule.

audit 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

There are many reasons the IRS might audit a business, but most happen due to random selection or tax errors. From there, you’ll communicate with your auditor and provide the documents they ask for. For example, if your deductions include certain expenses like entertainment, you can’t claim the Cohan rule.

audit 52
article thumbnail

Top accounting issues in 2023

ThomsonReuters

These standards revised the way the audit report is presented, called for enhanced communications between auditors and managers charged with governance, and prescribed additional audit procedures for related party transactions. Complex rules related to investments, acquisitions, tax accounting, and revenue recognition.

Account 52