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Half a dozen ways to mismanage sales tax | TaxConnex

TaxConnex

Your system also needs to correctly calculate and account for tax rates at a local level, which can a complication especially in home rule states like Louisiana and Colorado. States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees.

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Monday Morning Accounting News Brief: Feds Raid PwC; Big 4 Wants to Be Like Grant Thornton!? | 11.4.24

Going Concern

Earlier: PwC Joins Deloitte, KPMG, and Mazars in the Cheater Hall of Fame The Conversation (Australia) asks a simple question: The ‘big 4’ accounting firms often consult for the same clients they audit. Public trust in the auditing profession is under intense pressure. Should that be allowed?

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New GASB Members Named

CPA Practice

Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. She is the former Colorado state auditor, having served in that role for 10 years. Prior to becoming a state auditor, Ms.

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Sales tax and nonprofits

TaxConnex

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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Friday Footnotes: PwC Is Tops in M&A Advisory; What You Can Do With a MAcc; EY Consolidates in LatAm | 4.28.23

Going Concern

Audit Audit partners suffer after writing critical ICOs: study [ CFO Dive ] Audit partners who write adverse internal control opinions are more likely than their less critical peers to be pulled from an engagement and shifted to less prestigious, lower-fee client assignments, according to a study. There’s one problem.

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IRS Help: Your Solution to Tax Problems Starts Here

MyIRSRelief

Whether its unfiled tax returns, overwhelming back taxes, an audit, payroll issues, or aggressive IRS actions like levies, you dont have to navigate this stressful situation alone. IRS Audits: Expert Defense You Can Trust Few things strike fear into taxpayers like the word audit. Our process begins with audit readiness.

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How to manage sales tax obligations

TaxConnex

You also have to manage and respond to all of the notices from jurisdictions (and there will be a lot), manage sales tax audits, respond to nexus questionnaires by the jurisdictions, and maintain an accurate tax calendar to include changes in filing frequencies as well as filing and payment methodologies. Are they experienced with auditors?

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