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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. They can help implement internal controls, review payroll processes, and provide guidance to minimize the risk of errors or discrepancies in future ERC claims.

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More Than a Tech Upgrade: How AI Investments Can Sharpen a CPA Firm’s Competitive Edge

CPA Practice

Many have now adopted intelligent process automation (IPA) — RPA enhanced with AI and machine learning — to streamline and improve the quality of more complex work like tax preparation and payroll processing. They can then act on that information, alerting clients to potential financial discrepancies before they can evolve into larger issues.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Washington. Payroll records for any salary you put R&D credit toward and the applicable job descriptions . Close your accounts. Workers’ compensation. Disability insurance. New Jersey.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

SPAC Audit Kings: How Soaring IPO Market Ensnared Marcum, Withum [ Bloomberg Tax ] The fortunes of two mid-sized accounting firms rose and fell with the SPAC craze, sending auditors into overdrive as they vetted the financial statements of a surge of blank-check companies hunting for Wall Street’s next big deal.

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Monday Morning Accounting News Brief: EY Brings in a Crisis Expert; CEOs Deprioritize Talent in Deloitte Survey | 7.24.23

Going Concern

We got incorrect financial statements, missed payroll and created confusion for our customers. Over half of CEOs surveyed are evaluating or experimenting with Generative AI while another 37% are at limited production use or pervasive adoption. As the company’s leader, the final decision had been mine.

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The SEC Only Gives Out Wrist-Slaps to the Big 4 When They Break Independence Rules On Providing Non-Audit Services to Audit Clients

Going Concern

The prohibited non-audit services included corporate secretarial services, payment facilitation, payroll outsourcing, loaned staff, financial information system design or implementation, bookkeeping, internal audit outsourcing, and investment adviser services.”. March 9, 2012). The SEC is Not Pleased With KPMG’s Independence (Jan.

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Friday Footnotes: KPMG’s Idea of a Fun Summer; IRS Eats Their Homework; Downsized GT Downsizes | 5.13.22

Going Concern

office is ‘buzzing’ [ Washington Business Journal ] This article is behind a serious paywall but the sentence we can read without a subscription got a laugh out of me: “We’re not requiring them to be in offices X number of days a week, but they are choosing to be here,” a PwC executive said Thursday. .

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