TaxConnex

SEPTEMBER 2, 2021

Managing a sales and use tax audit can be challenging. Good news and press for your business could also put you on the radar for auditors. Many companies’ documentation is poorly organized and hard for an auditor to interpret. Be sure you have your documentation in order before the auditor shows up.

audit 166

audit Sales auditor Tax 166

TaxConnex

OCTOBER 4, 2022

So you’ve done the smart thing and determined that your company has sales tax obligations in various states. Now you must collect, file, and remit sales tax in multiple states. Only slightly more than a third (36%) are happy with how they manage sales tax. That’s a great first step.

Sales 130

Sales Tax tax return Colorado 130

TaxConnex

SEPTEMBER 15, 2022

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. Rightly so: Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you. Some states will levy a penalty on you for failing to file a zero return.

audit 162

audit Sales Tax auditor 162

TaxConnex

APRIL 11, 2023

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. In fact, our annual survey of financial professionals on sales tax trends has ranked sales tax audits as a top worry for the third year in a row.

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audit Sales Tax auditor 130

TaxConnex

JUNE 27, 2023

Staying on top of your sales tax obligations is crucial to maintaining compliance and avoiding costly penalties. However, navigating the complex world of sales tax filing is a lot for a business to manage without the right expertise.

Sales 130

Sales Tax auditor tax return 130

TaxConnex

NOVEMBER 29, 2022

more than one in four (26.7%) top finance professionals reported seeing an increase in state sales tax audits in the past two years. 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.

audit 184

audit auditor general ledger Non-Profits 184

TaxConnex

DECEMBER 10, 2020

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.

Sales 157

Sales Tax Ohio Nebraska 157

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

audit 105

audit Sales Tax auditor 105

Going Concern

JANUARY 20, 2023

Under rules introduced in 2016, large UK-listed companies are required to change auditor at least every 20 years and to run a competitive tender once a decade. PwC took over from KPMG in 2015 and was eligible to serve until 2034 subject to a competitive tender at the 10-year mark. In 2001, the Pentagon said it would address the issue by 2005.

auditor 96

auditor Technology audit financial statements 96

TaxConnex

JANUARY 4, 2022

Sales tax is similar in that you need to monitor the process, adjust, and tune-up the process occasionally. Sales tax rules , rates, filing frequencies and many other details change frequently. Calculate your tax correctly. First you start with the data itself and calculating the proper sales tax.

tax return 163

tax return Tax Sales Start-ups 163

Withum

MAY 14, 2024

Engaging a forensic accountant in advance of the audit to assess if all income has been reported and, if not, the level of unreported income can provide a path to address the auditor’s findings before they reach undesirable conclusions. The business return may have continual losses with no real explanation for how the losses are funded.

audit 75

audit forensic accounting tax return Gambling 75

ThomsonReuters

FEBRUARY 1, 2024

Jump to: What is a reverse sales tax audit? What is a reverse sales tax audit? There are many reasons why a company might overpay sales or use taxes without knowing it. What information is necessary for a reverse audit?

audit 52

audit Sales Tax Manufacturing 52

Cherry Bekaert

APRIL 4, 2024

Please look at the 45+ eligible vehicles regarding eligibility.

auditor 87

auditor tax return audit Tax 87

Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. Q: What advice would you give your student working on their first project as qualified auditor?

CPA 99

CPA Illinois auditor Iowa 99

ThomsonReuters

JULY 6, 2023

accountants and auditors have left their jobs in the past two years, a 17% decline. Many corporate roles like financial analyst or internal auditor require experience you already have, so lean into your transferrable skills like bookkeeping, budgeting, forecasting, etc. Why are so many accountants quitting? In one word: yes!

Account 98

Account accountant accounted accounting and finance 98

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Issue 1: I’m lousy at sales. the method you use to advertise the tax preparer book is entirely up to you. Issue 3: I am an accounting major, auditor, or I don’t have enough experience in tax to promote the book. If anyone uses your code to buy my book, then you earn a commission from the sale. Tax Preparer Advice.

tax preparation 246

tax preparation Tax cpa firm CPA 246

Going Concern

MARCH 11, 2022

—PwC Becomes Latest Subject of Investigations [ Bloomberg Tax ] Paul Brehony of Signature Litigation LLP looks at the growing number of investigations by the U.K. tax authority into historic audit failures by the “Big Four” firms, and discusses the prospects for success of proposed major reforms to the audit regime.

auditor 71

auditor tax return audit Account 71

Withum

JANUARY 25, 2024

They will have reviewed the business’s and its owners’ tax returns. In short, you’re not talking your way past the auditor. The FA must be aware that the analysis can open new issues to the State(s) for underreporting trust fund taxes.

forensic accounting 78

forensic accounting audit Account accountant 78

Withum

JANUARY 24, 2023

Whether it be seeking a bank loan, meeting regulatory requirements, or preparing for sale or initial public offering, all avenues lead to CPA-audited, reviewed or compiled annual financial statements. Establish Expectations and an Open Line of Communication With Your Auditor Communication can make or break an audit.

audit 69

audit auditor general ledger cpa firm 69

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

Going Concern

OCTOBER 20, 2023

Investigators say Williams’ work came under suspicion when the Louisiana Legislative Auditor and an independent auditor were unable to reconcile his reports on the court’s finances for the year 2020. Many records and documents requested by auditors were not provided by Williams and had been transferred to his personal laptop.

CPA 103

CPA quickbooks Real Estate auditor 103

Anders CPA

DECEMBER 6, 2022

As a part of this process, taking a close look at all tax liabilities and implications is an important step. When considering a business purchase or sale opportunity, many will consider the federal income tax implications but overlook the state and local sales taxes. What Can I do to Manage Sales Tax Liability?

Tax 52

Tax Manufacturing income tax auditor 52

Going Concern

FEBRUARY 19, 2024

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.

auditor 57

auditor Account accountant accounted 57

Going Concern

APRIL 14, 2023

EY Decision to Call Off Auditing Split Leaves Investors Stranded [ Bloomberg Tax ] Now that EY has deserted any plans to assuage these concerns through a thoughtful split, it’s created a contentious environment for other firms to pursue well-advised efforts to separate their business lines.

Tax 102

Tax auditor audit accounting firms 102

Going Concern

JANUARY 19, 2023

Las Vegas tax preparer sentenced to prison for multiple fraud schemes King Isaac Umoren was sentenced to 13 years and three months in prison for filing false tax returns, aggravated identity theft, wire fraud, money laundering and impersonating an FBI agent. government. He was also ordered to pay nearly $9.7

Tax 62

Tax tax return Gambling tax preparation 62

Going Concern

JUNE 10, 2022

This latest statement follows a pair of statements issued in October 2021 and December 2021, both of which similarly highlighted auditor independence. This latest statement follows a pair of statements issued in October 2021 and December 2021, both of which similarly highlighted auditor independence.

auditor 57

auditor accounting and finance audit CPA 57

Going Concern

AUGUST 19, 2022

Firm Watch: EY partners meet at luxury hotel as uncertainty continues over firm split [ Financial News ] EY UK partners gathered last month at the five-star Royal Lancaster hotel near Hyde Park in west London for a sales pitch from their senior leaders on the firm’s multi-billion dollar break-up. Audit: U.K.

audit 79

audit auditor accounting firms accounting and finance 79

Ronika Khanna CPA,CA

DECEMBER 9, 2021

A gift can be given around the holidays, on birthdays, after closing a sale or any other time as a simple thank you. Of course, if you are buying gifts on behalf of your business, you should know whether they qualify as tax deductible expenses. Learn more. Mr. Ngai stated that the purse was given as a gift to promote his business.

Entertainment 52

Entertainment tax return audit auditor 52

PYMNTS

NOVEMBER 7, 2019

Depending on how far afield they expand, those issues can span currencies, locally preferred payment methods and, increasingly, taxes. the Supreme Court ruled that online retailers could be mandated to pay sales tax — and taxes can be levied by states on firms that do not have a physical presence in those states.

Tax 40

Tax South Dakota auditor tax return 40

Going Concern

AUGUST 25, 2023

Adventist Auditors Gather in Copenhagen for Spiritual and Professional Renewal [ ANN ] Maryland legend Tom Hood was there! The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may be failing to pay their taxes. Treasury Department rule published on Friday.

tax preparation 95

tax preparation CPA payroll tax Illinois 95

Going Concern

OCTOBER 11, 2022

Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers. Bankers don’t want audits anymore from small business; they are happy with tax returns, and I don’t need to be a CPA to do what I do. June 17, 2019.

Education 88

Education Account accountant accounted 88

ThomsonReuters

APRIL 12, 2021

The episode, “ How Tech Can Help You Navigate the New Tax Rules and Tax Trends ,” features Chris Harris, tax technology solution consultant, Thomson Reuters; Chris Reich, indirect tax product management director, Thomson Reuters; and Dan LeCompte, senior manager in KPMG’s Transactional Tax Systems practice.

Tax 98

Tax Technology corporation tax audit 98

Ryan Lazanis

NOVEMBER 9, 2022

Upcoming sales pipeline. MindBridge has been helping to automate the work auditors have been doing for years by scanning 100% of the data, rather than just a sample, to spot potential issues. Automation is now hitting the tax space pretty hard with several apps that have gained popularity as of late to help with tax planning.

Technology 98

Technology Account accountant accounted 98