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7 Ways a Business is Selected for Audit

TaxConnex

sales tax audits ?were sales tax audits to become more common over the next two years. of respondents said they believe audit levels?will already seen an increase in the number of audits in the past two years. ramping up audits remains?anecdotal,?but How does a business get selected for an audit? anecdotal,?but

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Don't Test Your Luck with Non-Compliance

TaxConnex

sales tax audits ?are sales tax audits to increase over the next two years.? already seen an increase in audits over that same time. Even the only two states with a state-wide sales tax that have held out from enacting economic nexus – Florida and Missouri – may be edging toward making sellers collect and remit sales tax.

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Sales tax processes – beyond software’s promises

TaxConnex

In Missouri, for instance, one of the latest states to enact economic nexus, $100,000 in sales into the state in a year ignites economic nexus and your obligation to collect Missouri sales tax from customers and remit it to the state. Sometimes audits purely happen by chance. Need help with your sales and use tax obligations?

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Research: Seniors Give Better Review Comments If They Think the Staff Will Stick Around

Going Concern

Fresh academic research has found that audit seniors are more likely to offer better constructive feedback and coaching to their juniors via review comments if the seniors think they’ll be working with that staff again. The paper “ Coaching Today’s Auditors: What Causes Reviewers to Adopt a More Developmental Approach?

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Rumor: There Might Be a Big Merger in the Works For FORVIS

Going Concern

The bulk of Praxity firms are overseas (to us) excepting Toronto’s MNP which requires no sea travel to get to from Springfield, Missouri. Those firms are: IPA Rank Firm Revenue 9 CliftonLarsonAllen $1.7 billion 10 Baker Tilly $1.6 billion 11 Crowe $1.3 billion 12 CBIZ + MHM $1.2 billion 13 Marcum $1.2 billion 14 Moss Adams $1.1

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Professionals on the Move – Sept. 2024

CPA Practice

He also worked as an audit manager for a national accounting firm, managing public and private company audits. Allison Haug, CPA, joined the Firm as an Audit Senior Manager with 12 years of experience. She specializes in accounting and audits of insurance companies. She works remotely.

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Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

A new report suggested a surprising correlation between executives’ accounting expertise and the risk of those misstatements, and researchers said the findings could be key to auditors , financial regulators and corporate directors. In their “Do Auditors Recognize the Potential Dark Side of Executives’ Accounting Competence?”