TaxConnex
SEPTEMBER 7, 2023
Location, location, location 501(c)(3) organizations are exempt from sales tax on their purchases in Colorado and in Utah. Sometimes nonprofits and not-for-profits must pay sales tax when they buy items, at least initially, as in North Carolina. But as always with sales tax, rules vary state to state.
Going Concern
SEPTEMBER 25, 2023
Attorney’s Office, Western District of North Carolina ] A federal grand jury in Charlotte has indicted Mandy Deann Urban, 47, formerly of Charlotte, with wire fraud, for allegedly embezzling more than $1.1 Attorney for the Western District of North Carolina. million from her employer, announced Dena J.
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Going Concern
JULY 8, 2022
Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Hammer, who pleaded guilty in August 2018 to one count of filing a false tax return, was the financial officer for various companies controlled by Michael D.
Going Concern
JUNE 23, 2023
Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. 31 is still not finished.
Going Concern
APRIL 5, 2024
At that firm, I was an external auditor for almost five years, and in the final year, I was working in our Financial Accounting Advisory Services group.” ” In a separate filing Monday, Trump Media cited the auditor’s analysis in describing the risks facing the business. million in 2023 while generating total revenues of $4.1
Going Concern
SEPTEMBER 2, 2022
SEC Charges Advisory Firm and Executives with Devising an Elaborate Scheme to Defraud Clients out of More Than $75 Million [ SEC ] The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. tax laws, giving the IRS $15 million to design a free “e-file” tax return system.
Going Concern
NOVEMBER 10, 2023
They also expect auditors to understand and evaluate processes and controls, analyze transaction-level data for anomalies, and test more data in real-time,” said Scott Flynn, KPMG vice chair—Audit, in a news release. Earnest and Randell were separately convicted of individual counts of preparing false tax returns.
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