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State CPA Societies in Action: Ohio Society of CPAs

CPA Practice

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. accountants and auditors have left their jobs, as reported by SHRM, an issue that is being actively addressed by OSCPA. “We

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Best Practices for Managing a Sales Tax Audit

TaxConnex

Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. One of your customers undergoing their own audit might produce one of your invoices, resulting in the auditor possibly contacting you for an exemption certificate or other documents. Treat the auditor respectfully.

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

TaxConnex

The case was referred to investigators after an auditor found that the business hadn’t filed quarterly sales tax returns or remitted sales tax collected for that period. In another case, Ohio AG Dave Yost is trying to crack down on online retailers of beer and wine with a recent injunction in federal court this week.

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Half a dozen ways to mismanage sales tax | TaxConnex

TaxConnex

Commercial activity taxes in Ohio and Nevada are also often missed. Regarding reconciliation of data to your sales tax returns, auditors don’t generally look at returns, but you still should prepare your return as accurately as possible. Auditors will ask for data and any replated invoices.

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Apparently IRS Employees Owe $50 Million in Back Taxes and Senator Ernst is Outraged

Going Concern

and Theodore though we suppose it’s a possibility given the proximity of Iowa to Ohio. One person who did not miss the memo is Joni Ernst, the Republican senator from Iowa who we assume has no relation to Ernsts Alwin C. Her strongly worded letter to IRS Commissioner Danny Werfel is below and the text of her bill here.

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Friday Footnotes: The Profession vs. Gen Z; CPA Firms Get Back to the Office; Deloitte Quits | 6.23.23

Going Concern

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.

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Professionals on the Move – Aug. 2024

CPA Practice

In addition, Mr. Rumph has served as President of the Central Ohio Chapter of the Association of Certified Fraud Examiners (ACFE), President of the Central Ohio and Des Moines ACFE Chapters, as co-chair of the Coalition Against Insurance Fraud’s Fraud Risk Management Task Force, and chair of the ACFE Chapter Leaders Committee.