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7 Ways a Business is Selected for Audit

TaxConnex

but with the addition of economic nexus in Florida to start later this year, and Missouri set to potentially follow suit, the realization that money received from economic nexus liabilities is definitely top of mind for states. already seen an increase in the number of audits in the past two years. evidence of tax jurisdictions’?ramping

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Don't Test Your Luck with Non-Compliance

TaxConnex

Even the only two states with a state-wide sales tax that have held out from enacting economic nexus – Florida and Missouri – may be edging toward making sellers collect and remit sales tax. One of your customer s undergoing its own sales tax audit might produce one of your invoices, resulting in the auditor possibly contacting you.

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Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

A new report suggested a surprising correlation between executives’ accounting expertise and the risk of those misstatements, and researchers said the findings could be key to auditors , financial regulators and corporate directors. In their “Do Auditors Recognize the Potential Dark Side of Executives’ Accounting Competence?”

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