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What’s new in sales tax?

TaxConnex

Auditors slapped Amazon with some $12.5 The Foundation found that the five states with the highest average combined state and local sales tax rates are Louisiana (9.56%), Tennessee (9.55%), Arkansas (9.45%), Washington (9.38%) and Alabama (9.29%). million in taxes, penalties and interest for the first three months of 2016.

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FASB Took It Easy in 2022

Going Concern

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. It’s also politically connected: Kathleen Casey, the head of the board’s nominating committee, is a former S.E.C.

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Sales Tax Issues for Online Retailers

Withum

Alabama, Alaska, Arizona, Colorado, and Louisiana are “home rule” states which permit the municipalities or counties to govern themselves with certain restrictions. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax.

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Monday Morning Accounting News Brief: Heads Up, the IRS Is Scrutinizing Partnerships; | 6.17.24

Going Concern

ProPublica did a story on “how remote work and artificial intelligence are ushering in new kinds of fraud in state and local governments” and interviewed Washington state auditor Brandi Pritchard. The way our subject treated her staff compared to the way she treated the auditors felt off.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

Adventist Auditors Gather in Copenhagen for Spiritual and Professional Renewal [ ANN ] Maryland legend Tom Hood was there! Alabama State University ] This kid is already on the partner track and hasn’t even started yet, check the quote. Big 4 COBA Student Wins Big Internship!

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Friday Footnotes: CPAs Need to Get Contemporary; Internal Audit Priorities for 2024; A PwC Comic Book? | 8.30.24

Going Concern

News Morris County Native Michael Brown, 23, Was Set To Begin New Job At EY, Obituary Says [ Pascack Daily Voice ] According to his obituary on the William Leber Funeral Home website, Michael graduated from West Morris Central High School before earning a degree from the University of Alabama. Accountingfly can help!

cpas 101
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Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23

Going Concern

In an article titled “Interactive Auditor-Client Negotiations: The Effects of the Accumulating Nature and Direction of Audit Differences” a team of researchers further examined what happens during these discussions and how the negotiations can affect the magnitude of audit adjustments made to financial statements.