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Best Practices for Managing a Sales Tax Audit

TaxConnex

If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers. The notice arrived – now what?

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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits. area company must pay back more than $95,000 after pocketing sales tax money owed to the state, according to authorities. Just ask Fiorella’s Landscaping in western New York. The Buffalo, N.Y.-area

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Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

In addition to his new role, he will continue to serve as co-director of the firm’s DC-Metro tax practice. James Greiner said he was not shocked about the layoff, but was surprised it happened right before the third quarter tax deadline for clients. Greiner was a client-relationship manager for Croft and Frost for a year and a half.

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Monday Morning Accounting News Brief: Watch That Utilization; PwC CEO Doesn’t Know His Own Salary | 2.19.24

Going Concern

Underemployed staff at the Big Four auditors risk losing their jobs as firms step up their scrutiny of employee workloads in a downturn. The liquidators were “taking steps to protect [their ability to bring] legal claims against auditors”, one of the people said. billion debt burden and total liabilities in excess of $300 billion.

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Winning The ‘Game Of Keystrokes’ With Spend Tools

PYMNTS

Headquartered in Boston, the group serves over 500 pantries and programs in 190 cities and towns across eastern Massachusetts and distributes nearly 57 million meals annually. . The group’s audited financial details and tax returns are posted on their website. “We We are very much an open book,” Noymer said.

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