TaxConnex

MARCH 16, 2021

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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South Dakota audit Alaska auditor 221

TaxConnex

JUNE 21, 2022

Of all states with a sales tax, only Florida and Missouri remained holdouts when it came to enforcing economic nexus for out-of-state sellers. Companies also wondered if they were collecting and remitting the correct sales tax – and if they were at risk for audit. When would states intensify audits?

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South Dakota E-commerce Alaska Missouri 246

TaxConnex

JANUARY 27, 2022

In the three calendar years following the Supreme Court’s 2018 Wayfair decision, the last of the states with a sales tax (Florida and Missouri) finally passed economic nexus legislation. (In Arkansas, Kansas, Pennsylvania, Tennessee, Texas and Florida were the latest states to report sales tax revenue shattering predictions.

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Sales E-commerce Tax Florida 242

CPA Practice

FEBRUARY 24, 2025

He proposed eliminating about 740 state jobs, while adding staff to other agencies in need of more people, such as the Department of Corrections.

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Florida Government audit income tax 110

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. The supplement provides audit firms with additional guidance regarding remediation, including making the most of the remediation period, the potential influence of non-technical factors on persistent quality control criticisms, and more.

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audit Florida auditor accounting firms 52

TaxConnex

JULY 9, 2024

Some states, such as Florida and Texas, can give one due date for payment and another for the return, meaning you could find yourself with an unexpected penalty. Audits Thankfully, you may never go through a sales tax audit. Your GL is also the source for confirmation of such cleared transactions as ACH debits and checks.

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Sales Tax Colorado tax return 264

TaxConnex

AUGUST 25, 2022

Most recently, for instance, the last states with a state-wide sales tax (Florida and Missouri) joined the ranks of those enforcing economic nexus. Audits are a clear danger. If you and your company haven’t been hit with a sales tax audit yet, congrats. Not someone who will ask you to take a number and wait for a response.

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Sales Tax audit Alaska 243

TaxConnex

MAY 26, 2022

In Florida, they expire annually, for instance; still other states say a resale certificate is valid until it’s revoked. These forms are especially important in sales tax audits. In some states they can be customized, and in Florida you can use a printable online template. They must also be signed and dated.

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South Dakota Sales South Carolina Illinois 244

TaxConnex

MAY 4, 2021

Florida and Missouri have not implemented any economic nexus standards — but stay tuned as each state is considering options. Audits have always been a threat from tax jurisdictions, but the combination of the Wayfair case plus the pandemic-induced recession makes it likely that things are going to get worse before they get better.

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Sales Tax South Dakota E-commerce 246

Going Concern

FEBRUARY 10, 2023

Audit Americanas’ $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record [ Bloomberg ] A $4 billion accounting shortfall would typically raise alarm bells for an auditor. The post Friday Footnotes: Florida Man’s Tax Problem; Accountants Are Walking Out; BDO Assures on Tether | 2.10.23

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Florida Tax North Dakota Account 105

Accounting Today

JUNE 10, 2024

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors for violating its rules and standards.

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Florida audit auditor cpas 78

TaxConnex

JUNE 20, 2023

Thresholds were established, filing forms and deadlines fixed and one by one states waited for the money to roll in (with Florida and Missouri among the latest of the 45, with Alaska perhaps soon to join them). And the money did roll in for a while, especially during the pandemic when eCommerce exploded. That revenue wasn’t free – or cheap.

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TaxConnex

DECEMBER 28, 2023

Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida.

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South Dakota Sales Tax Louisiana 264

Going Concern

DECEMBER 9, 2022

For this article, we selected four positions in audit and four in tax. For example: Audit associates in Colorado are expected to see a raise of between 7.1% In Georgia, audit managers and tax managers are expected to see salaries rise 22.2%, while tax directors are projected to have a bump in pay between 7.1% Audit senior.

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accountant salary public accounting Colorado Georgia 110

TaxConnex

MARCH 10, 2022

Most recently, Florida and Missouri became the last states with a sales tax to enforce economic nexus. Now that the pandemic helped them discover just how lucrative sales tax can be, states and jurisdictions are also intensifying sales tax investigations and audits. More of the same ahead. New taxes are devised all the time.

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South Dakota Sales Tax Maryland 262

TaxConnex

AUGUST 19, 2021

Earlier this year, Florida enacted legislation ?that?imposes?sales Due to the dependence on sales tax collections, jurisdictions continue to look for new ways to increase their sales tax revenues. This is most clearly shown in recent developments in two states. sales tax economic nexus on remote sellers.

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Sales E-commerce Tax Missouri 246

Going Concern

SEPTEMBER 9, 2022

Although New York, Texas, and California dominated the number of jobs being offered for the roles analyzed, Florida was the only state to appear in the top five in each of the four positions reviewed. BDO bolsters audit practice with 600 new trainees following watchdog’s damning criticism [ City A.M. Cloud State TODAY ] A RECORD.

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audit chartered accountant auditor New York 98

CPA Practice

JUNE 15, 2023

The Florida Institute of Certified Public Accountants (FICPA) is one of the oldest and largest CPA societies in the U.S. The FICPA Vision “A thriving and future-ready accounting professional that powers the success of Florida businesses and the communities we serve.” from Florida State University. She earned a B.A.

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Florida cpas CPA public accounting 59

CPA Practice

APRIL 15, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Michael Moore for the Southern District of Florida ordered Meyer to serve three years of supervised release.

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Florida Tax tax planning Ohio 59

CPA Practice

JUNE 10, 2024

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines. L&L also failed to timely file Form APs for two audits. for the fiscal year ended June 30, 2021.

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audit cpas Florida cpa firm 52

TaxConnex

FEBRUARY 8, 2022

Florida , a newcomer to economic nexus, collected $398.8 Arkansas had an almost 20% gain in December, pushing state tax revenue 1.5% beyond budget estimates; Georgia’s sales and use tax collections totaled $1.37 billion, an increase of $243.4 billion in sales taxes for December, $101.9 billion in December, 24.4% ahead of the prior year.

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Sales Tennessee Tax Massachusetts 245

Withum

DECEMBER 13, 2024

The appointment by Orlando Mayor Buddy Dyer reflects Wendys extensive experience in the accounting profession and commitment to serving the local Central Florida community.

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Finance Florida accounting and finance public accounting 98

MyIRSRelief

MAY 24, 2023

EAs can also represent taxpayers before the IRS in audits, appeals, and collection proceedings. Tax lawyers can help you with a variety of tax issues, including: Audits Appeals Collection proceedings Criminal tax matters If you are facing a complex tax issue, it is important to seek help from a tax lawyer.

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CPA Practice

JANUARY 2, 2024

Founded in 1968, PKF Mueller has offices in Elgin, Chicago and Orland Park, Illinois, as well as an office in Sarasota, Florida. Tang brings more than 13 years of public accounting and audit experience with large regional CPA firms. Tang joins the firm from Marcum Asia CPAs LLP where he served as an Audit Partner.

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Illinois E-commerce Pharmaceutical Real Estate 114

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. Based in Coral Gables, H&CO also has Florida offices in Miami, Fort Lauderdale, and Aventura. Terms of the deal were not disclosed. The firm had revenue of $31.2

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cpa firm CPA Florida tax planning 105

Withum

JUNE 18, 2024

Withum is proud to share that Karol Y Haugan , Tax Manager, was nominated for the Florida Institute of Public Accountants (FICPA) 2024 Woman to Watch Awards in the Emerging Leader category. Karol Y Haugan , CPA Last year, Withum’s Jennifer Keshwar , Audit Principal, was named FICPA Woman to Watch Nominee in the Experienced Leader category.

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Florida accounting degree Education CPA 105

CPA Practice

JANUARY 8, 2024

Top 200 accounting firm Saltmarsh, Cleaveland & Gund has combined with fellow Florida CPA firm Ruggiero, Martinez & Norton (RM&N), based in Winter Park. We are eager to expand our footprint in Central Florida as part of this merger and are even more enthusiastic to welcome them to their new home at our firm.”

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Florida cpa firm audit CPA 98

CPA Practice

APRIL 16, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Michael Moore for the Southern District of Florida ordered Meyer to serve three years of supervised release.

Florida 52

Florida Tax tax planning Ohio 52

Withum

MARCH 8, 2024

Withum is proud to share that Ivan Calata , CPA and Sameer Uddin , CPA graduated from the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. Ivan is a Tax Manager on the Financial Services Team , and Sameer is an Audit Senior working on both the Construction and Hospitality Services Teams.

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Florida CPA cpas Hospitality 52

Withum

MARCH 8, 2024

Withum is proud to share that Ivan Calata , CPA and Sameer Uddin , CPA graduated from the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. Ivan is a Tax Manager on the Financial Services Team , and Sameer is an Audit Senior working on both the Construction and Hospitality Services Teams.

Florida 52

Florida CPA cpas Construction 52

Going Concern

DECEMBER 1, 2023

The measure targets the non-audit departments of each city branch in China, including consulting, financial advisory, risk advisory and assurance. As I sat under the Commencement tent, I expected to hear messages about working hard to build a company and achieve revenue growth,” Christopher Hill ’23, an audit associate at PwC, says. “I

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cpas audit auditor CPA 111

TaxConnex

JUNE 22, 2021

Before the end of 2019, 43 of the 45 states (including DC) with a state-wide sales tax had joined in, Missouri and Florida being the only holdouts. It is always best to move forward on your own accord, no matter the fear around potential penalties and fees, rather than to be caught off guard during an audit.

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South Dakota E-commerce South Carolina Missouri 147

Going Concern

NOVEMBER 18, 2022

billion, according to a new analysis from Audit Analytics. Audit Analytics also noted that there have been steep drops in both traditional IPOs and IPOs through a special-purpose acquisition company (SPAC). Corebridge Financial’s IPO was audited by PwC, according to Audit Analytics. billion was raised.

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audit Florida Texas public accounting 59

TaxConnex

DECEMBER 22, 2020

Florida, for instance, reported that sales tax collections for July were $165.2 Illinois announced expansion of its Audit Fast Track Resolution Program to most sales and miscellaneous tax audits. Audits: They could be on the rise from among the thousands of tax jurisdictions in the U.S. Or could it? Learn more here.

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Sales Tax North Carolina Michigan 147

Going Concern

OCTOBER 5, 2022

Audit Analytics says MBAF [was] one of the largest Hispanic-owned businesses in South Florida, and is recognized as a regional leader in philanthropy, ranking 9th in South Florida Business Journal’s 2020 annual Corporate Giving/Corporate Foundation list of companies with the highest levels of cash contributions to South Florida charities.

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Florida Colorado Legal audit 19

TaxConnex

APRIL 27, 2021

As of this writing (April 2021), the last two states that don’t impose sales tax obligations on out-of-state sellers – Florida and Missouri – are working on such laws and Wisconsin just removed their transaction number threshold and are only relying on annual revenue into the state. Not knowing if your products and/or services are exempt.

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Sales Tax Wisconsin Missouri 147

TaxConnex

NOVEMBER 1, 2022

In Florida, they expire annually, for instance; still other states say a resale certificate is valid until it’s revoked. These forms are especially important in sales tax audits. In some states they can be customized, and in Florida you can use a printable online template. They must also be signed and dated.

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