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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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What's new in sales tax?

TaxConnex

based online retailer of pet supplies and medication, has petitioned the Illinois Independent Tax Tribunal to challenge an audit assessment. In 2023, PetMed was hit with a large audit assessment, including for periods after Leveling the Playing Field came into effect. A bill to raise the Nebraska sales tax one cent, to 6.5

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Do you really understand economic nexus for sales tax?

TaxConnex

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. In many states – notably Alaska – local jurisdictions are intensifying enforcement of sales tax nexus through home rule and other new sales tax laws.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Audit PCAOB to Host Virtual Roundtable on NOCLAR Proposal, Reopen Comment Period Until March 18 [ PCAOB ] We’ll attend and report back. This might be good.

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DAE Get Sick of Hearing About Accounting Firms Getting Their Data Breached?

Going Concern

DA&E provided auditing services to some Aurora area hospitals. Another small accounting firm has reported a data breach involving the protected health information of a whole lotta people. As far as the breach itself, DA&E detected suspicious activity on its network on February 28, 2024.

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What is an IRS CP14 notice? Options for balance due for unpaid taxes

MyIRSRelief

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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State CPA Society News & Updates – Aug. 2024

CPA Practice

The Nebraska Society of CPAs (NESCPA) opened nominations for four awards, with recipients selected by a the Society Board of Directors. Pruitt, CPA, of KraftCPAs PLLC in Nashville; Jenneen D. Reed, CPA, of Nashville Symphony in Nashville; and Marilyn Young, CPA, of Belmont University in Nashville.

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