CPA Practice

MAY 26, 2023

It is stepping up efforts to audit employers as aggressive promoters continue to make a pitch for fraudulent refunds (IR-203-40, 3/7/23). The IRS is actively auditing and conducting criminal investigations related to these false claims. Practical advice: If you’re tapped for an audit, don’t panic. How does the ERC work?

audit 138

audit general ledger income tax tax return 138

CPA Practice

MAY 25, 2023

It is stepping up efforts to audit employers as aggressive promoters continue to make a pitch for fraudulent refunds (IR-203-40, 3/7/23). The IRS is actively auditing and conducting criminal investigations related to these false claims. Practical advice: If you’re tapped for an audit, don’t panic. How does the ERC work?

audit 130

audit general ledger income tax tax return 130

Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. Between 2010 and 2020, Fulton charged Nix approximately $336,645 in professional fees for his financial services.

tax preparation 105

tax preparation Gambling Account accountant 105

Xero

JUNE 30, 2022

Organisations on a flat rate scheme can now add non-posting adjustments to boxes in the VAT return and access a new VAT audit report, Non-Posting adjustments by VAT box. This enhancement means you can make adjustments that are not sent back to the general ledger from within the return. Improve your workflows in Xero Tax — UK.

general ledger 108

general ledger Non-Profits tax return Tax 108

Cherry Bekaert

APRIL 5, 2023

Many businesses are not benefitting from this tax incentive because of false assumptions, such as that the R&D must be “groundbreaking” to qualify for the credit; claiming the credit will result in an audit; time tracking tools must be used to capture R&D efforts; or that the R&D tax credit is only beneficial to large organizations.

Tax 75

Tax payroll tax general ledger payroll 75

Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline. The firm was fined about 212 million yuan ($30.8

Government 97

Government Gambling audit CPA 97

Snyder

AUGUST 12, 2022

Among the primary functions of accounting are to prepare and analyze: Financial audits Forecasting Financial planning and long-term budgeting Tax returns Performance optimization. According to the Bureau of Labor Statistics , the median pay for accountants in 2020 was $73,180~$78,600. CPA qualified accountants typically earn the most.

bookkeeping 98

bookkeeping Account accountant accounted 98