CPA Practice

SEPTEMBER 22, 2023

Taylor, Kiplinger Consumer News Service (TNS) IRS audits raise anxiety for many taxpayers. But beyond the EITC, there have been concerns over the years whether the IRS focuses enough on higher earners and has the resources to effectively audit complex partnerships and large corporations. Now, in a Sept. Now, in a Sept.

audit 119

audit income tax tax return Tax 119

CPA Practice

JANUARY 23, 2023

With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. These manual verification procedures are painstaking — and most often relegated to the audit professionals early in their career. By Tod McDonald.

audit 124

audit auditor forensic accounting Technology 124

TaxConnex

JANUARY 30, 2025

Reporting taxes that arent calculated within the sales tax automation solution and not added to an invoice such as Washington Business and Occupations tax or the Ohio Commercial Activities Tax. Tracking, managing, and resolving notices that arrive via the US mail or posted in the states e-file sites.

Sales 147

Sales Tax E-commerce Ohio 147

MyIRSRelief

OCTOBER 11, 2024

Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections, and appeals. IRS and State Tax Audit Representation One of the most valuable services provided by Enrolled Agents is representation during IRS and state tax audits.

tax services 130

tax services payroll tax Tax tax preparation 130

TaxConnex

AUGUST 25, 2022

Audits are a clear danger. If you and your company haven’t been hit with a sales tax audit yet, congrats. more than one in four top professionals in varied industries reported seeing an increase in state sales tax audits in the past two years. Not someone who will ask you to take a number and wait for a response.

Sales 243

Sales Tax audit Alaska 243

Going Concern

FEBRUARY 24, 2023

Some time last year PCAOB inspectors visited China and while details of their visit were kept somewhat quiet from both sides, we were told that the inspectors gained unprecedented access to Chinese audit work.

audit 105

audit auditor accounting and finance Washington 105

TaxConnex

JULY 21, 2022

Most states and Washington, D.C., Taking your customers’ word that they are exempt will not help you during an audit.? There’s no statute of limitations for an unregistered tax payer, meaning that unpaid tax liabilities for non-filing years can be audited indefinitely – and penalties associated can start at 25% of tax liabilities.

Sales 246

Sales Tax Pennsylvania Ohio 246

TaxConnex

JUNE 20, 2023

South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. Starting Aug.

South Dakota 246

South Dakota North Dakota Wisconsin Iowa 246

Going Concern

NOVEMBER 4, 2024

Earlier: PwC Joins Deloitte, KPMG, and Mazars in the Cheater Hall of Fame The Conversation (Australia) asks a simple question: The ‘big 4’ accounting firms often consult for the same clients they audit. Public trust in the auditing profession is under intense pressure. Should that be allowed?

accounted 105

accounted Account accountant auditor 105

CPA Practice

DECEMBER 4, 2024

This acquisition aims to strengthen Cherry Bekaert’s position in the greater Washington, D.C. 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. “We

Maryland 52

Maryland Virginia Washington cpa firm 52

Going Concern

JANUARY 12, 2024

million in audit fees in 2022.) How did Deloitte, the auditing heavyweight watching over Tingo’s books, miss a scam that Hindenburg, an outsider, called out as painfully obvious? Audit Do former regulators improve the quality of audits? Audit Do former regulators improve the quality of audits? Tingo paid $1.6

audit 111

audit auditor Illinois CPA 111

CPA Practice

NOVEMBER 27, 2024

Avoid the risk of burnout: Flexible schedules can help mitigate stress during high-demand periods, like tax season, audit season and the year-end close. operations, based in the Washington, D.C., Giving accountants the option to work during their peak focus hours can help them deliver high-quality work more efficiently.

cpa firm 111

cpa firm CPA Technology accounting and finance 111

Going Concern

OCTOBER 25, 2023

The paper-pushers at the PCAOB have punished another audit firm for running afoul of their rules , this time it’s Smythe of British Columbia, Canada and no one involved in this story is based in the United States except for said paper-pushers. The firm used the work of PwC Malta on the Scully audits, PKF Audisur on Tower One.

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auditor audit accounting firms public accounting 105

TaxConnex

DECEMBER 28, 2023

Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. If so, watch out for 2024. In 2021, Wisconsin and Maine both removed their transaction threshold; in 2023, South Dakota and Louisiana joined suit.

Sales 264

Sales South Dakota Tax Louisiana 264

CPA Practice

OCTOBER 18, 2024

The Greater Washington Society of CPAs (GWSCPA) recently announced its list of board members and nominations for the 2024/2025 year. In addition to assisting in the coordination and management of the Association’s annual audit and budget, she oversees the payroll and benefits accounting. She holds a B.S.

CPA 110

CPA Non-Profits cpas Washington 110

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. After initial incentives from South Carolina for an Amazon investment in fulfillment centers 13 years ago, the company was to have begun collecting South Carolina sales tax in 2016.

South Carolina 264

South Carolina Sales Tax Alabama 264

CPA Practice

OCTOBER 11, 2023

average increase in starting salaries for positions in audit and assurance in 2024. For this article, we reviewed 2024 starting salary projections for eight public accounting positions in the following eight HCOL cities: New York, San Francisco, Boston, Washington, D.C., Washington, D.C. Salaries in Boston and Washington, D.C.

public accounting 115

public accounting accountant salary Account accountant 115

Withum

OCTOBER 3, 2024

She is a natural leader within Withum’s DC office, managing highly complex audits, assists in leading firm-wide trainings, managing the office’s internship program, spearheading onboarding, and provides mentorship to new staff. Caroline is an incredible asset to all our team members at Withum and the clients she services.

Maryland 111

Maryland public accounting Washington audit 111

Going Concern

JUNE 10, 2022

This press release from the SEC is wayyyy too boring to be rewritten in an interesting way on a sunny Friday afternoon so have some copy paste instead: The Securities and Exchange Commission today charged audit firm CohnReznick LLP with improper professional conduct on engagements for two clients in 2017. Audits in 2017; charges June 8, 2022.

audit 110

audit auditor financial statements Washington 110

Going Concern

OCTOBER 13, 2023

As the end of former PwC CEO Luke Sayers’ lengthy questioning approached, Senator O’Neill reproduced a submission from PwC Australia in 2019 to a Senate inquiry at the time that was examining audits and consulting firms. News Washington Wizards Partner With Learn Fresh To Bring NBA Math Hoops To Washington, D.C.

audit 119

audit Washington Non-Profits Sports 119

Withum

MAY 21, 2024

He leads Withum’s Not-for-Profit and Education Practice in the Washington, DC Metro Area. He currently holds board positions on both the American Association of Suicidology and the Pennsylvania Society of Association Excellence, and serves on the audit committee of the Pittsburgh Foundation.

Pennsylvania 116

Pennsylvania Washington Education audit 116

CPA Practice

JULY 16, 2024

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has launched new of out-of-the-box, self-assessment tools that enable internal auditors to easily assess and streamline conformance with the new Institute of Internal Auditors (IIA) Global Internal Audit Standards that go into effect January 9th, 2025.

auditor 105

auditor audit Washington Manufacturing 105

Going Concern

MARCH 13, 2025

Cornerstone Research has put out their SEC Accounting and Auditing Enforcement ActivityYear in Review: FY 2024 report [ PDF ] and then they put out a press release highlighting the important parts so we don’t have to spend all day reading it.

audit 52

audit Washington Account accountant 52

CPA Practice

SEPTEMBER 19, 2023

Taylor, Kiplinger Consumer News Service (TNS) IRS audits raise anxiety for many taxpayers. But beyond the EITC, there have been concerns over the years whether the IRS focuses enough on higher earners and has the resources to effectively audit complex partnerships and large corporations. Now, in a Sept. Now, in a Sept.

audit 59

audit income tax tax return Tax 59

CPA Practice

AUGUST 4, 2023

Whether our clients need tax, audit, or advisory assistance, together we have the skills, knowledge, and breadth of services to impact our clients’ business.” CLA now has 11 locations across Washington state and more than 120 offices across the U.S.

cpa firm 52

cpa firm Washington CPA Real Estate 52

Going Concern

APRIL 28, 2023

This time it is related to their audit of TheWorks.co.uk, a discount retailer specializing in arts, crafts, toys, books, stationery, and perpetual fire sales of various cheap stuff with which to clutter your domicile and desk drawers. Another day, another Financial Reporting Council fine for KPMG. What did they do? Inventory got ’em.

audit 97

audit auditor Washington Retail 97

Going Concern

OCTOBER 1, 2022

Last year around this time we looked at how public accounting starting salaries in five cities with the highest cost of living —San Francisco, New York City, Washington, DC, Boston, and Seattle—compared to the projected national averages for 2022. Senior manager/managing director, audit and assurance services. Washington, DC.

public accounting 104

public accounting Account accountant accounted 104

TaxConnex

FEBRUARY 25, 2021

A number of states - including Colorado, Georgia, Pennsylvania and Washington and more - have chosen to offer remote sellers the option of complying with strict use tax notification and reporting requirements rather than registering for sales tax under nexus provisions. Use tax or sales tax is due on a sale, but not both.

Rhode Island 235

Rhode Island Tax Colorado Georgia 235

CPA Practice

MARCH 8, 2024

An investigation by The Washington Post tested new built-in AI systems offered by TurboTax and H&R Block, and found that they were frequently unhelpful and often just plain wrong when it came to offering advice.

Tax 111

Tax Washington Legal audit 111

Going Concern

MAY 28, 2024

Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31. A Spokane, Washington business journal wrote about a CPA of note. Terms were not disclosed. Yeah, we definitely need to dig around in that report.

audit 69

audit Hospitality accounted Account 69

MyIRSRelief

NOVEMBER 29, 2019

The consequences can range from, levying your bank accounts, auditing your company’s tax account to filing criminal charges. Audit tax records – If the IRS determines that a company has not fulfilled its tax obligation, the first thing that they will do is perform an audit to determine the full extent of the payroll employment tax bill.

payroll 140

payroll payroll tax Tax income tax 140

Withum

OCTOBER 3, 2023

This is unlikely to occur because of the current gridlock in Washington, but it would be a revenue raiser. The IRS is on “high alert” with regard to specious ERC claims and it is aggressively auditing both new claims and claims that were already paid. In other words, playing the audit lottery is risky. Nothing, really.

income tax 122

income tax audit tax return Tax 122

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.

North Carolina 147

North Carolina Oklahoma Ohio Texas 147

Going Concern

APRIL 19, 2024

Top Remote Accountants of the Week | April 18, 2024 Audit Audit Board Urged to Rein In Plan to Curb Misleading Marketing [ Bloomberg Tax ] CPAs pressed the US audit board to scale back a proposal meant to prevent firms from falsely marketing their registration with the regulator as an endorsement of their work. “The

cpas 105

cpas accounting firms accounted Account 105

CPA Practice

MARCH 12, 2024

An investigation by The Washington Post tested new built-in AI systems offered by TurboTax and H&R Block, and found that they were frequently unhelpful and often just plain wrong when it came to offering advice.

Tax 105

Tax Washington Legal audit 105

Withum

OCTOBER 16, 2024

Our History Established in 1974 , Withum is a national top-ranking public accounting firm that provides advisory, tax, and audit services to businesses and individuals on a local-to-global scale. Withum is an independent member of HLB, the global advisory and accounting network.

audit 98

audit Washington New York public accounting 98

Going Concern

JULY 29, 2024

Another weed-loving American firm has gotten hand-slapped by Canadian audit regulators : According to its enforcement action against Macias Gini & O’Connell, CPAB inspected three audit files and identified significant inspection findings in all three files, which “indicated continued concerns over audit quality.”

CPA 116

CPA accounted Account accountant 116