TaxConnex
MARCH 21, 2024
Auditors slapped Amazon with some $12.5 Utah has shelved a bill that would have reduced the remote seller transactions threshold this year. After initial incentives from South Carolina for an Amazon investment in fulfillment centers 13 years ago, the company was to have begun collecting South Carolina sales tax in 2016.
TaxConnex
SEPTEMBER 7, 2023
Location, location, location 501(c)(3) organizations are exempt from sales tax on their purchases in Colorado and in Utah. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. How important are these certificates?
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Going Concern
DECEMBER 27, 2022
BDO RCS Auditores Independentes – $30,000 civil money penalty and censure. Grant Thornton Auditores Independentes Ltd. – $20,000 civil money penalty and censure. The PCAOB said: In December 2016, the Utah DOPL simultaneously initiated and concluded disciplinary proceedings against Grant Thornton (“Utah Proceeding”).
Going Concern
MARCH 22, 2024
Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000. What Role Should Auditors Play in Corporate Compliance? Roy Shapira and Luigi Zingales suggest a simple modification that addresses auditors’ concerns while improving the effectiveness of corporate compliance.
Going Concern
MAY 6, 2022
Yes, the fire code probably would have limited the room to three , maybe four , people , but we stuffed eight auditors in there. I remember arriving at a fracking company’s office, which was really a large warehouse, in rural Utah for an audit. No surprise — the entire team left the firm as soon as the audit ended. The b oardroom.
Going Concern
FEBRUARY 24, 2023
Frank Stephenson from Utah State University found the 150-hour education requirement acts as a barrier to entry, and their analysis suggests that that the additional educational requirement does not enhance candidate quality. To increase staff, more firms are moving work to an overseas labor force.
CPA Practice
DECEMBER 14, 2023
Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. The 2023 H&R Block Featured Franchisees of the Year, Elite 25, and Top 100 include: Featured Franchisees of the Year Anthony Temple, Mich. Dawn Every, N.Y.
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