been audited Related Topics 
TaxConnex
JUNE 28, 2022
One of the downsides, is that if you are selling to small businesses, small businesses are less likely to have accrued and paid use tax or to have been audited. XYZ letters are a great tool to help minimize sales tax exposure.
TaxConnex
SEPTEMBER 2, 2021
Managing a sales and use tax audit can be challenging. First, you should always anticipate an audit – even if you’ve never been audited before. While they are definitely becoming more frequent as states try to crack down on economic nexus laws, rarely are you given advanced notice as to when an audit will occur.
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CPA Practice
NOVEMBER 4, 2024
State Comptroller Brooke Lierman, a Democrat, said during the meeting Wednesday that her agency “looked back as far as 30 years” and could not identify another time the IRS audited the state. “It It might be the first time the state has ever been audited,” Lierman said. Wes Moore and State Treasurer Dereck E.
TaxConnex
MAY 18, 2021
A random drive-by past one of your locations, noticing your company’s name in the news, an auditor seeing your business at a tradeshow, all could lead to a potential audit. You have recently been audited – Jurisdictions do speak to each other.
TaxConnex
APRIL 28, 2022
Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. The consultancy Agile has cited several stats on sales tax audits, including that one in five small-to-midsize businesses have been audited within the past five years. Fear and loathing.
PYMNTS
JUNE 29, 2020
EY has been auditing for Wirecard since 2008 when it was hired to conduct a special audit over allegations that there were deficiencies in the company’s financial statements, and then EY continued as the company’s regular auditor from 2009 onward.
CPA Practice
DECEMBER 2, 2024
Audits for the top 0.1% Second, the average doesn’t consider the effect on tax collection in the years following an audit. When examining the tax returns of households that had been audited, tax receipts were higher in the following 14 years for which they have data. on the dollar.
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