TaxConnex

NOVEMBER 29, 2022

Almost half (48.5%) of respondents expect sales tax audits to become more frequent in 2022-23, and nearly one in five (18.5%) cited an audit as one of their chief worries for this year. Physical nexus – triggered by such factors as workers or stored inventory – has long been a way for companies to create sales tax nexus. First moves.

audit 184

audit auditor general ledger Non-Profits 184

ThomsonReuters

MAY 12, 2022

What is a sales tax audit? A sales tax audit determines whether a business has collected and paid the correct amount of sales tax owed to the state for taxable transactions. Auditors examine financial documents and compare total sales revenue with sales that resulted in the collection of sales tax.

audit 105

audit Sales Tax auditor 105

Withum

JANUARY 24, 2023

Establish Expectations and an Open Line of Communication With Your Auditor Communication can make or break an audit. Make it a priority to answer all emails and phone calls from your auditor in a timely manner. Auditors can only work as quickly as the requested information is provided.

audit 69

audit auditor general ledger cpa firm 69

Withum

APRIL 27, 2022

Many nonprofit organizations have limited resources and often the finance team also supports the general operations. The accounting system is the basis for reports that must be provided to grant agencies, prospective donors, lenders, its independent auditors, tax preparers, the Board of directors and management. .

general ledger 119

general ledger audit auditor accounting and finance 119

Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements.

tax preparation 97

tax preparation Gambling Account accountant 97

Withum

FEBRUARY 6, 2023

Inter-company and Transfer Pricing Transactions ; distinguishing entries between related entities or groups for proper reporting on consolidated tax returns. Increase data access, transparency, and internal visibility , especially with sales tax audits by providing physical location record information with audit trails.

tax preparation 78

tax preparation business tax Tax general ledger 78

Withum

AUGUST 11, 2022

In addition to the routine payroll audit program, there are three general categories of audits that should be selected for testing: For-Cause Audits: From time to time, the trustees may be alerted to potential reporting issues from the plan administrator, plan collections counsel, members, or other employers.

payroll 64

payroll audit auditor general ledger 64