TaxConnex

DECEMBER 17, 2024

The excitement of years end can push all kinds of taxes to the back of your mind. But its a good idea to look out for how a new year can mean new sales tax obligations for you and your online business. Here are some common situations that can be exciting for your business and distracting for you and that can create sales tax risk.

Sales

CTP

JANUARY 17, 2025

One of the many roles we play as tax planners is as the taxpayers audit support system. Our clients should know the reasons they might be selected for an audit, how they will find out they are being audited, and what an IRS auditor might ask for. The taxpayer claimed a tax credit that has resulted in a lot of fraud.

audit

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida

Summit CPA

OCTOBER 10, 2024

IRS criminal investigations during the 2023 tax filing year identified potentially $37.1 billion in tax fraud and the conviction rate was 88.4%. Tax fraud is the intentional act of misconduct on the part of a taxpayer that is an intentional and deceitful avoidance of a tax they knowingly owe. What is Fraud?

auditor

CPA Practice

DECEMBER 3, 2024

UHY has established itself as a highly respected, market-leading accounting, tax, consulting, and advisory services firm built on a reputation for exceptional client service and innovation,” said Paul Furer, a partner at Summit who has joined UHY’s board of directors. Summit maintains offices in North America and Europe.

Non-Profits

CPA Practice

NOVEMBER 11, 2024

For example, 1040 tax prep will likely soon be worth more than ever. The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Automation and AI are reducing the labor needed!

accounting firms

CTP

DECEMBER 2, 2024

Despite your best efforts as a tax planner, your client may still end up facing an audit. Since some audits are randomly chosen, this is an unavoidable reality for those of us in the tax field. That depends—on what type of audit protection you may choose to offer along with your tax plans.

audit

ThomsonReuters

DECEMBER 2, 2024

While it does not change the confirmation requirements, it prompts auditors to re-examine inherent risk factors closely, particularly for areas like cash and cash equivalents, where fraud can be more prevalent. A critical takeaway for auditors is that if controls are not tested, then the RMM equals the inherent risk.

auditor

CPA Practice

JUNE 18, 2025

in Economics from the University of Delaware and is a Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA). O’Hea is a fellow of the Association of Chartered Certified Accountants and holds a diploma of Internal Audit with the Institute of Internal Auditors.

Technology

Going Concern

JANUARY 3, 2025

The San Francisco-based HR tech company Employer.com focuses on payroll and onboarding, in contrast to Bench, which specializes in accounting and tax. The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices.

auditor

Going Concern

JULY 11, 2025

Top Remote Tax and Accounting Candidates of the Week | July 10, 2025 Firm Watch CohnReznick acquires Piascik Certified Public Accountants [ Consulting.us ] The deal will expand CohnReznick’s presence in the Mid-Atlantic region, adding a Richmond office to its eight locations across Metro DC, Baltimore, Charlotte, and South Florida.

cpa firm

Withum

JANUARY 30, 2025

The accelerated and large accelerated filers are required to comply with SOX 404(b) requirement, which mandates external auditors opinion on ICFR. Coordinate with Key Stakeholders Engage your finance team and external auditors early to set expectations and address questions. All publicly traded companies in the U.S.

audit

Accounting Today

JUNE 23, 2025

Medicaid funding would also count, and substantial cuts are expected under the tax bill now being considered in Congress "Medicaid funding in particular is a really big part of state budgets, so the potential for them to be substantial at a state level at least exists and warrants consideration," said Black. "The All rights reserved.

accounting standards

TaxConnex

JUNE 10, 2025

Many companies don’t think about how to handle sales tax obligations until it’s too late. Previously we looked at how such back-office functions as the general ledger , tax calendar and billing system can cause problems with your sales tax compliance. It’s just sales tax.

Sales

Accounting Today

JUNE 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Tax management platform Instead launched artificial intelligence-driven tax reports, harnessing AI to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Tax

ThomsonReuters

DECEMBER 27, 2024

Unique audit risks related to cryptocurrency What is an auditors responsibility in crypto audits? As the crypto market continues to grow, auditors must adapt their approaches to address these new challenges. Additionally, auditors need to understand the specific risks associated with cryptoassets.

audit

Going Concern

JANUARY 6, 2025

Several accounting firms argued disclosing the metrics to the audit committee of a companys board would be better than making them public for shareholders because that is the committee that ultimately appoints the auditor. As a refresher, these are the metrics the PCAOB wants firms to start reporting: Partner and Manager Involvement.

accountant

Going Concern

JANUARY 1, 2025

Ongoing sexism in promotions Mental health Remote work is affecting training and supervision of associates Mental health impact of public No one wants to be “us” Incompetence of regulators Impact of years of remote working on junior staff training, ensuing pressure on upper level auditors, causing significant lapses in audit quality.

accountant

Going Concern

DECEMBER 5, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

Real Estate

Accounting Today

JUNE 5, 2025

Accounting Accounting education CAS Technology Accounting students MORE FROM ACCOUNTING TODAY Tax-related court cases Tax Fraud Blotter: Prep perps Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. All rights reserved. By Editorial Staff June 5 Like what you see?

accountant

ThomsonReuters

NOVEMBER 4, 2024

As emerging technologies and regulations reshape the field, many auditors find themselves grappling with outdated processes and inefficiencies. By seamlessly integrating into existing workflows, this cutting-edge tool solution allows auditors to focus on high-risk areas, reduce manual workloads, and deliver superior client service.

audit

Going Concern

OCTOBER 18, 2024

Why ‘Trust’ in Data is Even More Important in an Era of Global Taxes [ PwC ] We are in a time of unprecedented change in the global tax and compliance landscape — exemplified by the OECD’s Pillar Two. They’ve already sifted out the riff-raff, these are the good ones. million.

audit

Accounting Today

JUNE 9, 2025

Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPA firms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season. Identify opportunities Assess pain points in tax, audit, scheduling, and advisory workflows. All rights reserved.

Technology

Accounting Today

JUNE 16, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. All rights reserved.

audit

Going Concern

OCTOBER 21, 2024

ICYMI: American Institute of CPAs (AICPA) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) suggest state and local governments step it up to beat the talent shortage. But accountants who do government work face unique challenges that require more specialized solutions. Al Pacino has put out a memoir.

accountant

Accounting Today

JULY 16, 2025

Practice management Private equity Business development MORE FROM ACCOUNTING TODAY Audit IIA updates competency framework for internal auditors The Institute of Internal Auditors presented its updated competency framework for internal auditors during its international conference this week in Toronto. All rights reserved.

Technology

CPA Practice

NOVEMBER 27, 2024

Avoid the risk of burnout: Flexible schedules can help mitigate stress during high-demand periods, like tax season, audit season and the year-end close. Saah has been with the company since 1998, where he started as a recruiting manager, following a career as an internal auditor and assistant controller.

cpa firm

ThomsonReuters

OCTOBER 18, 2024

Common examples include financial statements, tax returns, environmental data, employee information, and corporate governance reports. Auditor reports, which provide independent validation of the accuracy and reliability of the reported financial information, are often included in statutory reports.

Non-Profits

Accounting Today

JUNE 16, 2025

Tax professionals gear up for a mad dash, auditors dive into quarter-end chaos, while leadership scrambles to balance capacity with unpredictable workloads. But the once-effective model of heavy lifting during tax season followed by a revenue drought isnt just outdated — its increasingly unsustainable. All rights reserved.

Technology

CPA Practice

OCTOBER 29, 2024

State-owned enterprises have ditched PwC as their auditor as a result of the scandal, and PwC China last month had its licence to operate suspended for six months. Chinese regulators ruled PwC had helped conceal a fraud at the collapsed property developer Evergrande, one of its largest audit clients in the country.

Legal

Going Concern

FEBRUARY 6, 2025

Securities and Exchange Commission rules and state law offer additional layers of protection in this area, but with private equity investment in non-attest entities becoming more common, the PEEC concluded more clarity is needed, particularly around issues involving auditor independence, portfolio companies and other private equity-related entities.

audit

ThomsonReuters

JULY 21, 2025

These time-consuming activities, while necessary, often consume 60-70% of an auditor’s time, leaving limited capacity for the strategic analysis and business services that truly differentiate exceptional audit professionals. The result?

audit

CTP

JANUARY 15, 2025

Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly. Tip #1: Establish Evidence Every tax deduction and credit that you claim on your return should be backed up by supporting documentation. This can include: Legal.

audit

Going Concern

OCTOBER 10, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

Real Estate

Accounting Today

JULY 16, 2025

The need for outsourced services, especially in complex areas of finance, payroll, human resources, tax, fund administration and nonprofit strategic development outsourcing, is only growing, and this combination allows us to expand our outsourced finance offerings and scale faster to meet this major need." All rights reserved.

Technology

Accounting Today

JUNE 5, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. .:

Tax

Accounting Today

MAY 6, 2025

More than 3,600 revenue agents responsible for collecting tax payments have left the IRS.

auditor