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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.
130 
TaxConnex
JANUARY 23, 2025
In Texas, to cite one state, new contraction generally falls in that simple sales tax scenario we discussed above. We see this often in Arizona and Hawaii and with types of projects in North Carolina and Texas, among other examples.) New versus existing construction.
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Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows
Operational Strength Starts with People: The New Rules of Finance Leadership
TaxConnex
DECEMBER 12, 2023
New York agrees, and so does Texas , among other states, where “the dissolution of a corporation, association, limited liability company, or partnership does not affect a responsible individual’s liability.”
263 Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows
Operational Strength Starts with People: The New Rules of Finance Leadership
TaxConnex
JULY 9, 2024
Some states, such as Florida and Texas, can give one due date for payment and another for the return, meaning you could find yourself with an unexpected penalty. Audits Thankfully, you may never go through a sales tax audit. (Note that some tax jurisdictions block ACH debits.)
264 
CPA Practice
AUGUST 10, 2023
Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has appointed two new leaders to the firm’s Audit Quality & Risk practice. Decker assumes her new role from Mary Ropes, an Audit partner at Grant Thornton, who retires after more than 35 years of service at the firm. Thank you for your leadership.”
98 
TaxConnex
JULY 21, 2022
Major ones include Texas, Pennsylvania, Ohio, Virginia and California. Taking your customers’ word that they are exempt will not help you during an audit.? Variations can exist based on what you’re selling, in most situations, following the destination-based sourcing rules for interstate commerce is a safe bet.
246 
TaxConnex
FEBRUARY 8, 2022
million ahead of estimates; Texas had state sales tax revenue of $3.56 Local use tax is due at the location where the order is shipped or delivered when the order is not received or fulfilled from a Texas place of business. Arkansas had an almost 20% gain in December, pushing state tax revenue 1.5% billion, an increase of $243.4
245 
TaxConnex
FEBRUARY 15, 2024
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. Uneven ‘leveling’: PetMeds, a Delray Beach, Fla.-based
263 
TaxConnex
DECEMBER 5, 2023
Nuances abound nationwide: In Texas , memberships in health and fitness clubs are taxable as amusement services unless the membership is purchased under a written prescription for health maintenance; a new prescription is required for each membership renewal. States don’t take membership sales tax lightly.
264 
TaxConnex
JANUARY 27, 2022
Arkansas, Kansas, Pennsylvania, Tennessee, Texas and Florida were the latest states to report sales tax revenue shattering predictions. Can audits and stricter enforcement be far off? It’s estimated that within 20 years, 95% of all purchases will be through e-commerce. Domestically, that’s turned into a lot of tax revenue.
242 
MyIRSRelief
MAY 24, 2023
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.
147 
Going Concern
NOVEMBER 5, 2024
This on top of audit layoffs at KPMG first reported by WSJ yesterday. Edit: To add some extra context, based in Texas. In just the last 24 hours, we’ve gotten tips about layoffs at Moss Adams, Elliott Davis, and CohnReznick. Turns out they’re downsizing and got let go. Not sure where to go from here.
59 
Going Concern
DECEMBER 9, 2022
For this article, we selected four positions in audit and four in tax. For example: Audit associates in Colorado are expected to see a raise of between 7.1% In Georgia, audit managers and tax managers are expected to see salaries rise 22.2%, while tax directors are projected to have a bump in pay between 7.1% Audit senior.
CPA Practice
APRIL 27, 2023
One of the oldest and largest societies in the United States, the Texas Society of Certified Public Accountants or TXCPA currently has 28,000 members. Founded in 1915, the Texas Society of Certified Public Accountants (TXCPA) provides a wide array of professional resources for CPAs.
64 
TaxConnex
DECEMBER 22, 2020
Texas and Idaho reported bumps in sales tax revenue, and in Michigan a new law passed just shortly before the pandemic shutdown made it easier to collect sales tax from more online transactions. Illinois announced expansion of its Audit Fast Track Resolution Program to most sales and miscellaneous tax audits. Learn more here.
147 
CPA Practice
JANUARY 28, 2025
Plano, TX-based accounting firm SS Accounting and Auditing Inc.and partner Saima Sayani were disciplined for committing several failures on the audits of China Green Agriculture Inc. and for violating PCAOB quality control standards.
52 
Going Concern
SEPTEMBER 9, 2022
Although New York, Texas, and California dominated the number of jobs being offered for the roles analyzed, Florida was the only state to appear in the top five in each of the four positions reviewed. BDO bolsters audit practice with 600 new trainees following watchdog’s damning criticism [ City A.M.
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MyIRSRelief
MAY 24, 2023
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.
130 
Accounting Today
APRIL 18, 2024
The lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail.
78 
TaxConnex
MARCH 21, 2024
It did, but the South Carolina Department of Revenue later audited Amazon and found that it had failed to adequately tax sales by third-party merchants. Texas sales tax revenue totaled $3.69 Auditors slapped Amazon with some $12.5 million in taxes, penalties and interest for the first three months of 2016.
264 
CPA Practice
DECEMBER 6, 2024
But we noted that they picked up audit minor, Abdo compass, vinograph and ignition to again, that to have some integrations with have integrations with the with the access suite. And so, you know, thats why, for example, audit miners there. And I wanted to mention that audit minor we have covered in a separate Technology Lab.
98 
Going Concern
OCTOBER 11, 2024
The move is designed to address the uncertainty, confusion and diversity of practice with respect to the subject, said Mike Glynn, associate director of audit and attest standards and staff liaison for the AICPA’s Accounting & Review Services Committee. As a stablecoin, Tether’s tokens are pegged to the U.S.
59 
CPA Practice
OCTOBER 24, 2023
Fort Worth-based Whitley Penn is acquiring FHK, a long-established CPA firm that provides audit, tax, and consulting services to clients, primarily financial institutions, construction companies, and retailers. Expanding our presence into all major markets in the state of Texas is an incredible milestone. “On
52 
CPA Practice
MAY 18, 2023
Danielle Beaulieu (Virginia), a graduate of New York University with a Bachelor of Arts in economics and English literature and a Master in Professional Accounting from The University of Texas at Austin McCombs School of Business, is employed with PricewaterhouseCoopers in Washington, DC. in Ahmedabad, Gujarat, India.
128 
CPA Practice
JANUARY 2, 2024
MaloneBailey, LLP Welcomes Howie Tang, New Audit Partner MaloneBailey, LLP, a global, mid-market, public accounting firm based in Houston, Texas, recently announced that Howie Tang, CPA has joined the firm as an Audit Partner. Tang brings more than 13 years of public accounting and audit experience with large regional CPA firms.
114 
CPA Practice
AUGUST 26, 2024
She brings more than 17 years of public sector experience to the role, including 11 years providing audit services to government entities and six years managing all aspects of finance for a Texas municipality. Leading the new service line is Karen Kurtin.
110 
Going Concern
OCTOBER 14, 2024
A church in Texas is accused of fraud. Writes Religion Unplugged : Responding to a lawsuit accusing Dallas-based Gateway Church of financial fraud, Gateway Elder Tra Willbanks assured congregants over the weekend that the church has “independently audited financial statements since 2005.” Audits will always require human judgment.
59 
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 now seeing the IRS issue standardized information and document requests (IDRs) from a centralized office in Austin, Texas. Yes, but very slowly.
126 
Going Concern
MAY 20, 2024
Today the EY organization has announced new technology capabilities and a global Artificial Intelligence (AI) Assurance framework for EY professionals as part of a multi-year, technology driven audit transformation program which is supported by plans to align approximately 9,000 Technology Risk professionals to the Assurance service line.
105 
Going Concern
NOVEMBER 18, 2022
billion, according to a new analysis from Audit Analytics. Audit Analytics also noted that there have been steep drops in both traditional IPOs and IPOs through a special-purpose acquisition company (SPAC). Corebridge Financial’s IPO was audited by PwC, according to Audit Analytics. billion was raised.
59 
Going Concern
JULY 21, 2022
From the Dallas Morning News : Deloitte University, the consulting firm’s showplace training center and hotel in Westlake, Texas, could soon undergo a $100 million expansion. It was one of North Texas’ largest private commercial projects of the time.
98 
CPA Practice
MARCH 7, 2023
The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. By Gail Cole. You have to sell them.” Modernizing the accounting licensure model could help.
137 
CPA Practice
JUNE 1, 2023
Danielle Beaulieu (Virginia), a graduate of New York University with a Bachelor of Arts in economics and English literature and a Master in Professional Accounting from The University of Texas at Austin McCombs School of Business, is employed with PricewaterhouseCoopers in Washington, DC. in Ahmedabad, Gujarat, India.
Going Concern
APRIL 18, 2024
Here’s an example: now-PwC global chairman and former PwC US top dog Bob Moritz telling a story about the importance of being agile : Heat-tested in Texas. It’s never good when they start throwing words like “agile” around. Early in her career, one of my partners at PwC was assigned to our Houston office.
124 
TaxConnex
DECEMBER 1, 2022
The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. Texas Comptroller Glenn Hegar reported that state sales tax revenue totaled $3.69 Supreme Court.
130 
CPA Practice
AUGUST 23, 2023
The study also found that partners were a greater factor in determining the likelihood of an IRS audit. “We Male partners also tended to be associated with a higher likelihood of an IRS audit. The study found that the partner has twice as great an impact on the firm’s cash effective tax rate than did their firm.
98 
Going Concern
APRIL 26, 2024
Why Did the PCAOB Redact KPMG’s Audit Failure Rate? After more than two years of inspection, discussion, and negotiation with KPMG, why can’t the PCAOB decide whether any particular audit is deficient? If KPMG doesn’t agree with the Board’s decisions about individual audits, they should say it in their response letter. ·
69 
Going Concern
JULY 17, 2023
I want to call special attention to this reaction from Mike Shaub, Auditing and Accounting Ethics clinical professor at Texas A&M and the guy we follow on Twitter for the hottest in ethics hot takes. For example, everyone must be able to rely on the opinion of an auditor in the audit report accompanying annual accounts.
97 
CPA Practice
FEBRUARY 20, 2024
In Texas , for example, it’s now illegal for some state-associated entities like pension funds to invest in ESG funds. “The ESG Audit Leader, referring to the increased interest in ESG. Most large companies are pressing ahead with plans to improve their ESG capabilities, even as almost two dozen Republican-led U.S.
111 
CPA Practice
APRIL 11, 2024
The agency wants to file the citizen’s taxes, collect that money, and double back to conduct audits—without any mediating institution to gainsay potential (nay, likely) abuse. An audit by the Treasury Inspector General for Tax Administration (TIGTA) could not confirm the IRS’s cost assumptions—nor could the agency meaningfully defend them.
98 
Going Concern
APRIL 4, 2025
filed a notice of data breach with the Attorney General of Texas after discovering that an unauthorized party had gained access to confidential information in the companys possession. These are the best audit, tax, and accounting professionals they’ve pre-screened for you so hiring them is easy!
52 
CPA Practice
OCTOBER 18, 2024
Mary’s University and an MBA in Finance from Texas Tech University. In addition to assisting in the coordination and management of the Association’s annual audit and budget, she oversees the payroll and benefits accounting. Christine has a BBA in Accounting from St. She holds a B.S.
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