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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

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.

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Sales tax processes – beyond software’s promises

TaxConnex

Wayfair opened the way for all states with a statewide sales tax to now have economic nexus thresholds set by dollar amount or volume of sales. Have you already filed your sales tax return based on the original amount of sales tax charged? Sometimes audits purely happen by chance.

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Jane Maddox, Merella Schandl and Stephanie Jones Named Principals at Anders

Anders CPA

Maddox, CPA in tax, Merella Schandl, MHA, CPMSM, CPCS in health care and Stephanie H. Jones, CPA in audit and assurance to principals at the firm. Jane is a Certified Public Accountant in the state of Missouri and holds an M.S. A Certified Public Accountant in the state of Missouri, Stephanie holds a B.S.

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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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Last Week in Payroll: Localization of Work

ThomsonReuters

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News.

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The 10 Trickiest States for Sales Tax Filing

CPA Practice

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. To illustrate the knottiness, here are some examples.

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Mastering Form 2553: Unlocking the Benefits of S Corp Tax Election

inDinero Tax Tips

S-corps can save on taxes because their taxable income is taxed only once. The owners of an S corp report income or losses on their personal tax returns, which are taxed at individual tax rates, not corporate rates. Be sure to consult this chart to determine the correct destination for your submission.

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