MyIRSRelief

AUGUST 2, 2024

The cannabis industry is one of the fastest-growing sectors in the United States, with more states legalizing its use for medicinal and recreational purposes. However, despite state-level legalization, cannabis remains a Schedule I controlled substance under federal law. Late or inaccurate filings can trigger an audit.

audit 130

audit Tax Nevada Colorado 130

CPA Practice

DECEMBER 3, 2024

The two firms operate as separate legal entities in an alternative practice structure: UHY LLP is a licensed independent CPA firm that performs attest services, while UHY Advisors provides tax and business consulting services through subsidiary entities. UHY is the brand name under which UHY LLP and UHY Advisors Inc.

Non-Profits 111

Non-Profits tax consultant auditor cpa firm 111

TaxConnex

JUNE 29, 2021

A voluntary disclosure agreement (VDA) is a legal means for taxpayers to self-report back taxes owed for income, sales, property, and other tax types. If you own a small company, the penalties levied by governments in an audit could do serious damage to your financial stability. Penalty abatement. ?While

audit 246

audit Sales Tax Legal 246

MyIRSRelief

OCTOBER 28, 2022

The most frustrating method is the audit and if you receive an exam notice in the mail, you better take it seriously. This should include your right for CA FTB Audit representation. Our tax representation firm can help you get the best possible outcome from your audit. Reasons why you should have FTB Audit Representation.

California 130

California audit Tax income tax 130

MyIRSRelief

MAY 19, 2023

Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems. In these situations, seeking professional tax help in New York can make a significant difference in resolving your tax problems and avoiding legal and financial consequences.

New York 147

New York payroll tax payroll audit 147

MyIRSRelief

JULY 3, 2023

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

audit 130

audit North Carolina Oklahoma Ohio 130

Going Concern

APRIL 22, 2024

Industry OG and commentator Gene Marks has written an opinion piece for The Hill about what audits actually are that is less opinion and more brutal fact: Why you should be very skeptical of that auditor’s report. Most of the time, auditors can confidently (and legally) shrug their shoulders and say “not my job.”

audit 119

audit auditor financial statements Education 119

MyIRSRelief

SEPTEMBER 1, 2022

In particular, the expansion of the IRS and it tax enforcement arm will result in more taxpayers seeking IRS audit & appeals help as it comes into effect starting next year. Understanding the expansion of the IRS and how it affects you will assist in reducing the chances that you will be audited. Services to Taxpayers: +$3.2

audit 130

audit tax return Tax Start-ups 130

MyIRSRelief

JANUARY 7, 2024

Tax audits can be a daunting experience for any taxpayer, and when it comes to the Employment Development Department (EDD) audits, the stakes can be particularly high. An EDD tax audit focuses on ensuring that businesses comply with CA state payroll tax laws, which can be complex and multifaceted.

audit 130

audit payroll tax Tax auditor 130

TaxConnex

MAY 5, 2022

Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. For tax purposes, it is the jurisdiction (state, county and city) that has the legal authority to tax a transaction. Misreading your nexus footprint. Situsing complexities.

Sales 244

Sales South Dakota Tax Hawaii 244

TaxConnex

AUGUST 31, 2021

When companies determine on their own (not from a tax authority or audit) that they have historical risk concerning sales tax obligations and exposure, one of the primary options for mitigation is a VDA. A VDA is a legal means for taxpayers to self-report back taxes owed for income, sales, property and other tax types.

audit 244

audit Sales Tax Maine 244

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

payroll tax 147

payroll tax payroll audit Tax 147

Xero

DECEMBER 4, 2024

If you’re a small business, you may need to invest time and resources in measuring and reporting your emissions, even though you aren’t legally required to. Xero partner Sumday provides accountants with an easy-to-use tool for measuring and reporting emissions to an auditable standard. In the end, it’s just maths.

Account 92

Account accountant accounted audit 92

TaxConnex

NOVEMBER 19, 2020

This can include assessments against your business, the levy of any property in the destination state, filing collection suits in court, using collection agents to collect the debt, or using the courts in the home state to enforce a valid legal judgment from the courts in the destination state. What is a VDA?

Sales 246

Sales Tax audit Legal 246

TaxConnex

JULY 7, 2022

Costs of collecting the tax, such as software and audits, are the sellers’ responsibility,” the report adds. Among other things, the report says, businesses incurred costs to establish software for expanded multistate tax collection and audit and assessment costs associated with increased exposure to more tax jurisdictions.

Sales 245

Sales Tax audit Legal 245

Going Concern

JANUARY 3, 2025

The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices. Without an up-to-date audit, as required by law, municipalities and school districts lose an important tool for keeping their budgets in line. SEC ruling should apply to the PCAOB.

auditor 98

auditor audit Rhode Island cpa firm 98

CPA Practice

FEBRUARY 23, 2024

Amid technological advancements, the audit professional’s role, characterized by a deep attention to detail, compliance and risk management, is proving to be vital well outside the traditional confines of finance. Audit professionals, who are experts in maintaining regulatory guardrails, stand as the custodians of ethical AI.

audit 114

audit auditor accounting and finance Technology 114

TaxConnex

OCTOBER 28, 2021

Once you add in the threat that you could receive a notice of audit at any moment and it may not be just your company at risk, but you personally (due to responsible party laws ), it can be downright terrifying. A frightening threat. What’s your shield when the sales tax monster comes after you?

Sales 246

Sales Tax audit Legal 246

Going Concern

JUNE 13, 2023

Financial Reporting Council chair and stereotypically European named Jan du Plessis has told the Financial Times that audit firms — who regularly complain about the UK audit regulator being up their asses — should pay their junior auditors more. Do a good audit and you don’t get in trouble with us.”

auditor 111

auditor audit financial statements Legal 111

RogerRossmeisl

NOVEMBER 7, 2020

Forensic accountants are engaged for a wide variety of assignments, among them investigating fraud, auditing internal controls and quantifying damages associated with legal disputes. All of these require attention to detail and a diverse set of skills including mathematical, technological, legal and investigative.

forensic accounting 180

forensic accounting Account accountant accounted 180

CPA Practice

NOVEMBER 15, 2024

Brown Plus Welcomes New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the addition of four new team members to its office in Camp Hill, Pennsylvania: Devin Brown, CPA, MBA, rejoins Brown Plus as an Audit Senior Manager. We’re excited to welcome Devin back to Brown Plus! In the U.S.,

audit 111

audit Pennsylvania accounting and finance Healthcare 111

TaxConnex

JULY 9, 2024

Sales tax compliance has many moving parts, not just in the filing but in everything that goes into making sure you stay on the legal side of the jurisdictions where you have sales tax nexus. Audits Thankfully, you may never go through a sales tax audit. Just remember, a lot can go wrong along the way.

Sales 264

Sales Tax Colorado tax return 264

CPA Practice

SEPTEMBER 19, 2023

A proposal issued by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would hold auditors and others more accountable when they negligently, directly, and substantially cause their firm to violate auditing standards.

auditor 115

auditor audit accounting firms public accounting 115

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.

audit 52

audit Florida auditor accounting firms 52

Withum

JANUARY 20, 2025

Audit issues include reclassification of workers from independent contractor to employee; an individual receiving both a Form W-2 and Form 1099 in the same calendar year; incorrect employment tax forms preparation; the failure to issue Forms 1099; and general non-compliance with Form W-9 record-keeping.

Healthcare 78

Healthcare Tax accounts payable audit 78

TaxConnex

JULY 21, 2022

For tax purposes, situs is the jurisdiction with legal authority to tax a transaction. Taking your customers’ word that they are exempt will not help you during an audit.? Inventory stored in warehouses is another consideration, including consigned inventory stored in Amazon warehouses. Situsing complexities. ?For

Sales 246

Sales Tax Pennsylvania Ohio 246

CPA Practice

AUGUST 15, 2023

Shortly after criticizing audit firms for the number of errors they made on public company audits reviewed by PCAOB inspectors last year, the audit watchdog doled out sanctions to 12 accounting firms from July 28 to Aug. 11 for breaking various auditing rules. Snodgrass, Mancera S.C.,

audit 98

audit auditor accounting firms cpas 98

Going Concern

JANUARY 6, 2025

KPMG is up to something : Accounting giant KPMG is moving to launch a new legal services business in the United States, taking advantage of relaxed law firm ownership rules in Arizona. See more from the PCAOB: Insights on Culture and Audit Quality [ PDF ]. CohnReznick wrote: No two firms are identical as are no two issuer audits.

Account 52

Account accountant accounted audit 52

TaxConnex

JUNE 20, 2023

That revenue wasn’t free – or cheap.

South Dakota 246

South Dakota North Dakota Wisconsin Iowa 246

MyIRSRelief

DECEMBER 13, 2024

Mike partners with CPAs and lawyers to address clients facing tax audits, levies, liens, employment 941 payroll tax controversies, non-filers and unpaid back taxes. Collaborating with Mike offers: Enhanced Services for Clients: Tax audits, levies, and other compliance issues can be time-consuming and require specialized expertise.

cpas 130

cpas Tax payroll tax audit 130

Going Concern

MARCH 8, 2024

Deloitte Legal Chief Sees Opportunity in GCs’ Need to Modernize [ Bloomberg Law ] GC = general counsel The new global head of Deloitte’s legal services arm said he’s focused on delivering more integrated consulting to general counsel while acknowledging the Big Four’s entry into legal services has gone slower than many anticipated.

audit 100

audit auditor New York Legal 100

TaxConnex

FEBRUARY 27, 2024

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). What resources will they need to handle this new responsibility?

Sales 264

Sales Tax Account accountant 264

Going Concern

JULY 13, 2023

Concerns over the reputation and legal troubles surrounding the audit firm Marcum LLP have led members of the Chariho School Committee to terminate its contract, moving in a different direction for the first time in 18 years. It may be called The Westerly Sun but this paper is throwing nothing but shade at Marcum.

Rhode Island 97

Rhode Island audit Legal 97

Going Concern

SEPTEMBER 22, 2023

Harlow advises clients throughout the supply chain ranging from independent operators to vertically integrated operators in the largest legal cannabis markets in the country. The 2023 Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers is set for Oct.

audit 109

audit accounting and finance Virginia auditor 109

Going Concern

FEBRUARY 28, 2025

audit, tax, and advisory firm, launched KPMG Law US, a subsidiary of KPMG LLP, marking a milestone as the first law firm owned by a Big Four firm to serve the US market. The legal services market is experiencing rapid growth and transformation. Many businesses aim to transform their legal operations to gain a competitive advantage.

Arizona 59

Arizona Legal accounting firms audit 59

Accounting Today

AUGUST 7, 2024

China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.

Legal 72

Legal audit Account accountant 72

TaxConnex

SEPTEMBER 24, 2020

But, if you fail to collect and remit the applicable sales tax, under audit a jurisdiction will assess the tax due + a penalty + interest. A Voluntary Disclosure Agreement (VDA) is a legal means for taxpayers to self-report back taxes owed for income, sales, property, and other tax types.

Sales 246

Sales Tax Start-ups Legal 246