Withum

JULY 28, 2022

Multiple businesses notified us this week that their claims for the employee retention credit (ERC) are being audited by the IRS. It is not known whether they were randomly selected for audit or whether they were targeted for some reason. We have written previously about the topics the IRS is likely to inquire about on audit.

audit 121

audit income tax tax return Tax 121

Withum

DECEMBER 18, 2024

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

Tax 122

Tax auditor financial statements income tax 122

TaxConnex

DECEMBER 28, 2021

Nine out of 10 respondents listed the following as their top concerns moving into 2022: keeping up with states’ changing nexus rules; understanding the taxability of products or services; the threat of audits; or filing returns and paying sales taxes due on time. Then there’s the danger of sales tax audits.

Sales 246

Sales Tax audit tax return 246

ThomsonReuters

FEBRUARY 4, 2025

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI).

accounting firms 98

accounting firms Tax Account accounted 98

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.

auditor 98

auditor audit Rhode Island cpa firm 98

MyIRSRelief

OCTOBER 2, 2023

You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age. If you’re new to business, you may be wondering why accounting and bookkeeping are so important.

tax services 130

tax services bookkeeping bookkeeping services Tax 130

TaxConnex

NOVEMBER 9, 2021

Audit work papers. Once a return is filed, some form of documentation must support the reported tax liabilities in case the return is audited. This documentation must easily show a trail from the core business transactions – customer invoices or vendor invoices, for instance – to the lines on the tax returns.

Sales 246

Sales general ledger Tax tax return 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

Summit CPA

OCTOBER 10, 2024

Padding business deductions with non-deductible personal expenses may be considered tax fraud. Information concealed during an audit. It’s stressful enough just going through a tax audit. The first thing you should do if you are selected for an audit is to seek help.

auditor 93

auditor audit tax return Tax 93

Going Concern

OCTOBER 3, 2023

Percentage change is in parentheses and rounded to two decimal places.

public accounting 134

public accounting accountant salary Account accounted 134

CPA Practice

OCTOBER 8, 2024

next year, with roles in tax services expected to see an average increase of 8.4% in 2025 and roles in audit and assurance expected to rise by an average of 9.5%, according to a CPA Practice Advisor analysis of public accounting pay data provided by specialized staffing firm Robert Half. Senior tax associate: 8.5%

public accounting 116

public accounting Account accounted accountant 116

CPA Practice

OCTOBER 3, 2023

Starting salaries for roles in tax services are projected to increase an average of 3.6% in 2024, while audit and assurance services will see starting salaries likely go up an average of 3.8% The results were: Tax services Senior manager/director: 7.8% Overall average increase: 3.6% Senior associate: 0.9%

public accounting 121

public accounting Account accounted accountant 121

MyIRSRelief

JUNE 23, 2023

Department of Treasury to represent taxpayers before the Internal Revenue Service (IRS). In this article, we will delve into the world of enrolled agents, explore their role in tax services, and understand the vast array of expertise they bring to the table. Contact us for professional tax help today!

Tax 130

Tax tax preparation tax return audit 130

CPA Practice

OCTOBER 11, 2023

average increase in starting salaries for tax roles in public accounting next year and a 3.8% average increase in starting salaries for positions in audit and assurance in 2024. Last week, specialized staffing firm Robert Half released its 2024 Salary Guide , and an analysis of the pay data by CPA Practice Advisor revealed a 3.6%

public accounting 115

public accounting accountant salary accounted Account 115

TaxConnex

JANUARY 28, 2021

The case in point brought out how a transaction in which a provider doesn’t transfer tangible personal property to a customer generally would not be subject to retailers’ occupation tax, use tax, service occupation tax or service use tax.

Sales 233

Sales Alaska Tax Illinois 233

CPA Practice

DECEMBER 4, 2024

market and expand its services offerings, the Raleigh, NC-based firm said in a media release on Dec. It also enhances Cherry Bekaert’s capabilities in audit and tax services and offers DeBlanc, Murphy & Murphy clients access to a broader range of specialized services.

Maryland 52

Maryland Virginia Washington cpa firm 52

Going Concern

OCTOBER 1, 2022

Senior manager/director tax services. Manager of tax services. Tax associate. Senior manager/managing director, audit and assurance services. Manager, audit and assurance services. Manager, audit and assurance services. Senior associate, audit and assurance services.

public accounting 104

public accounting accounted Account accountant 104

TaxConnex

NOVEMBER 23, 2021

Creating bandwidth to address customer questions and internal business questions related to sales tax. Managing sales tax audits and responding to nexus questionnaires issued by the jurisdictions. Maintaining documentation in the event of turnover or a change in personnel.

Sales 246

Sales Tax tax return Retail 246

Going Concern

OCTOBER 1, 2022

In its 2023 salary guide, Robert Half provided starting pay data for eight positions within PA: four in tax services and four in audit and assurance services. Senior manager/director tax services. Manager of tax services. Tax associate. Manager, audit and assurance services.

public accounting 98

public accounting audit accounted Account 98

Going Concern

SEPTEMBER 30, 2022

In the public accounting category, Robert Half provided 2023 starting salary projections for four roles in tax services and four roles in audit and assurance services. Senior Manager/Director Tax Services – Public Accounting. Manager of Tax Services – Public Accounting. Tax services.

accountant salary 104

accountant salary public accounting Account accounted 104

Going Concern

JUNE 9, 2022

The rumor mill got fired up a mere 14 days ago when the Wall Street Journal reported EY was considering splitting its audit and advisory arms (pesky regulators and conflicts of interest and whatnot). Well, we might have that answer. Deloitte reached out to investment bankers at Goldman Sachs Group Inc.

audit 75

audit accounting firms Gaming tax services 75

Going Concern

OCTOBER 6, 2022

In its 2023 salary guide, Robert Half provided starting pay data for eight positions within PA: four in tax services and four in audit and assurance services. Senior manager/director tax services. Manager of tax services. Tax associate. Manager, audit and assurance services.

public accounting 98

public accounting audit accounted Account 98

MyIRSRelief

SEPTEMBER 20, 2021

We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as: – Back Taxes . – Tax Levy – we release wage and bank levies. – Tax Audits. – Tax Appeal. – Negotiated Tax Settlements.

tax accountant 130

tax accountant Tax tax preparation Account 130

Going Concern

JULY 25, 2024

CPA Journal has published an intriguing deep dive into Big 4 revenue , specifically how the firms started making more money in advisory than audit or tax in the last 10+ years. Writes The CPJ: Over this period, audit revenue declined while advisory service revenue increased. TLDR Assurance is out, Advisory is in.

audit 104

audit tax services auditor CPA 104

Withum

JUNE 29, 2023

Devin Desmond is an expert in audits of insurance organizations and not-for-profits and is a leader on the Firm’s Not-for-Profit Tax Team. Alexander Dundara specializes in providing assurance services to the Life Sciences, Technology, and Emerging Growth community and serves as the Firm’s Digital Health Team Leader.

E-commerce 105

E-commerce audit Real Estate Healthcare 105

Withum

JUNE 8, 2022

There are plenty of perfidious promotors pushing these plans without pause, peddling in promises they cannot protect from IRS audits. Business Tax Services. Contact Withum’s Business Tax Services Team to help address your questions regarding M453 transactions. Contact Us. Contact Us.

Sales 120

Sales tax services business tax audit 120

CPA Practice

FEBRUARY 23, 2024

million earlier this week for breaking various Public Company Accounting Oversight Board auditing rules. Grant Thornton’s India arm and an Australian audit firm also received penalties from the PCAOB. 21 for “pervasive” quality control violations found in its audits of special-purpose acquisition companies (SPACs) in 2020 and 2021.

audit 69

audit auditor accounting firms Tax 69

Cherry Bekaert

MAY 21, 2024

In addition to these expenses, companies that own private aircraft must also comply with various tax regulations, including properly reporting any personal use of the aircraft by company owners and executives, as the Internal Revenue Service (IRS) has recently been targeting this area for audits.

audit 105

audit income tax tax return accounting standards 105

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. What is Audit Representation and How Can It Help Me in Corona, CA?

Tax 130

Tax payroll tax payroll tax return 130

MyIRSRelief

MAY 15, 2024

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations.

Tax 130

Tax payroll tax payroll tax preparation 130

Withum

MARCH 7, 2024

Has the IRS Ramped up the Number of ERC Audits? The IRS has significantly increased the number civil and criminal audits, and it has centralized the audit process. We are seeing and hearing from others that taxpayers are receiving checks, but only after the claims are reviewed and approved, or cleared on audit.

Tax 126

Tax income tax tax return audit 126

Withum

JULY 31, 2024

The IRS promised to start paying the low-risk claims by the end of the summer and continue reviewing and auditing the remainder of the claims that are not denied outright. Importantly, the IRS states that taxpayers seeking assistance from TAS will not increase their chances of audit. Let’s Chat The post Where’s my ERC Refund?

audit 125

audit Maine Tax tax services 125

CPA Practice

OCTOBER 17, 2024

and continues to provide services in the areas of state and federal taxation, general tax services, auditing, estate planning, medical management advisory, plan administrating, and computer consulting. Jacobs to become known as Sagal, Jacobs & Co. In 1989 the firm changed to its current name, Teplitzky & Co.

Connecticut 52

Connecticut Healthcare accounting firms audit 52

Withum

OCTOBER 19, 2022

As we have written before, one unfortunate side effect of the ERC explosion has been the proliferation of tax credit companies offering dubious advice in exchange for outsize fees.If The IRS has already started to aggressively audit ERC claims, some even before they are paid. This applies with equal force to the ERC. Contact Us.

income tax 132

income tax audit tax return Tax 132

xendoo

JULY 6, 2023

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? How far back can the IRS audit tax returns?

audit 52

audit tax return Entertainment income tax 52

xendoo

JULY 6, 2023

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? How far back can the IRS audit tax returns?

audit 52

audit tax return Entertainment income tax 52

CPA Practice

JUNE 25, 2024

auditing rules and quality control standards from April 2019 through January 2024. Of the two audits reviewed by PCAOB inspectors, one had deficiencies related to long-lived assets, according to De Visser Gray’s 2019 PCAOB inspection report.

audit 52

audit tax services accounting firms accounted 52