Remove audit Remove Legal Remove South Carolina
article thumbnail

Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Big Four Audit Giants Shut Down Legal Operations in China Following ‘Regulatory Raids’ [ Law.com ]. PYA, a Top 100 accounting firm and one of the nation’s largest privately held healthcare consulting firms, is pleased to announce it is opening a seventh office location in Charlotte, North Carolina.

auditor 98
article thumbnail

Sales tax concerns if you sell through multiple channels

TaxConnex

Let’s say a supplier/distributor in Arkansas sells to a retailer in South Carolina and drop ships to the retailer’s customer in Illinois. These forms are especially important in sales tax audits. Any way you handle it, legal and complete sales tax compliance is getting harder for multi-channel sellers.

Sales 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sales Tax Filing Mistakes To Avoid in Your Skagit County Business

SkagitCountyTaxServices

This goes also if you live in South Carolina, Georgia, Alabama, and various parts of Virginia, Tennessee, and Florida. It’s one of the big areas that cause businesses to become audit-vulnerable and/or pay way more in taxes than they expected. First, by sending their own agents to help with relief efforts.

Sales 86
article thumbnail

Monday Morning Accounting News Brief: Big 4 Consulting Salaries; Accounting For Dummies; PwC Boomerangs | 3.27.23

Going Concern

South Carolina’s comptroller quits after a $3.5 million) fine over lapses in its auditing work of bad-debt manager China Huarong Asset Management Co. Zhu urged Deloitte to learn a lesson from the punishment, correct mistakes and improve audit quality, according to a statement from the ministry on Sunday.

article thumbnail

Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

In 2021, the Big Four audited a quarter of China’s 98 central SOEs, but EY led the pack earning about 12% of its revenue in the country from these giant corporations. Other News LR5 school district drops accounting firm behind controversial audit [ The State ] Some juicy drama going down in South Carolina this week.

CPA 109
article thumbnail

What’s new in sales tax?

TaxConnex

The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties. Here’s a review of some of the recent changes and updates. Amazon still liable.

article thumbnail

Sales Tax Disputes Continue as Wayfair Sales Tax Decision Hits Six-Year Anniversary

CPA Practice

To reduce the likelihood of a legal challenge, the states followed South Dakota’s lead. Remote sales tax ramifications for marketplace sales South Carolina is holding Amazon liable for back taxes on third-party sales Amazon and South Carolina have been locked in a legal battle since before the Wayfair ruling.