TaxConnex

JULY 20, 2023

Under audit, an otherwise exempt sale will be deemed taxable without such documentation from a customer – and just a few missing certificates can result in large penalties and interest. In this blog based on one of our recent webinars, here are how states and other tax jurisdictions are getting tougher with their exemption certificate audits.

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audit Sales Tax auditor 130

Acterys

NOVEMBER 26, 2024

Check out the highlights of the webinar below or watch the full session on demand. Furthermore, HR doesn’t always own all the data needed for a comprehensive audit, adding another layer of complexity. To learn more about pay equity analysis, watch the full webinar on demand. appeared first on Acterys.

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payroll audit 130

Withum

MAY 10, 2022

I am scheduled to present four free webinars primarily for CPAs, but anyone in business that uses financial statements might also find them interesting and insightful. Also, I am presenting an IRA/401k webinar for the general public and not accountants or tax professionals. All webinars are 1-hour, and the times are Eastern time zone.

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financial statements audit auditor CPA 105

TaxConnex

JANUARY 23, 2025

Among key points from our recent webinar on construction and sales tax, well start in the first of two blogs with some definitions basic to the industry. Learn more in our webinar - Sales & Use Tax Considerations for Real Property Improvement Services.

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Sales North Carolina Tax Construction 147

TaxConnex

APRIL 26, 2022

This amount, plus penalty and interest is what would be expected of you in the case of an audit. There’s no statute of limitations for unfiled returns, meaning that unpaid tax liabilities for non-filing years can be audited indefinitely. They can also help mitigate your risk or work with you through an audit! Remediating.

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audit Sales Tax Start-ups 245

TaxConnex

JANUARY 10, 2023

Top worries remain around keeping up with changing nexus rules, understanding taxability and being audited, yet specific industries sway from this a bit and add filing returns on time and charging the correct sales tax rate to the list. Sign up here: [link].

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Sales Tax audit Finance 246

TaxConnex

DECEMBER 21, 2023

Remit taxes collected or tax liability accrued on a current or prospective return - The business will remain at risk for penalties and interest under audit. If you’re looking for more tips as we close out the year, listen to our webinar from November on creating your End of Year Sales Tax Checklist.

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Sales Tax audit tax accountant 264

TaxConnex

JANUARY 9, 2024

62% of respondents have some level of difficulty attracting and retaining the right talent to remain compliant with changing sales and use tax obligations leading to staff frustration and burnout in addition to a growing (23%) lack of confidence in audit preparedness.

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Sales Tax Education audit 264

TaxConnex

NOVEMBER 4, 2021

TaxConnex is pleased to announce the completion of their second annual sales tax survey finding that the increasing sales tax complexities, growing nexus, fear of sales tax audits and limited resources to do what is necessary to remain compliant are among the top worries of financial professionals heading into 2022.

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Sales Tax audit Finance 246

TaxConnex

AUGUST 31, 2021

When companies determine on their own (not from a tax authority or audit) that they have historical risk concerning sales tax obligations and exposure, one of the primary options for mitigation is a VDA. Simply, a state cannot find and audit every business that is not in compliance. Generally, states will waive the penalties.

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audit Sales Tax Maine 244

TaxConnex

NOVEMBER 18, 2021

It’s generally better to be proactive in understanding and mitigating your sales tax risk rather than waiting for a jurisdiction to identify you for audit. For more, see our recent webinar on mitigation. Prior-period liability can be extremely costly as states and jurisdictions crack down on non-compliance.

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Sales Tax Non-Profits Start-ups 246

Withum

AUGUST 2, 2023

On July 25, 2023, the Office of Fraud Enforcement and National Fraud Counsel of the IRS hosted a webinar on the Employee Retention Credit (ERC) and discussed the current landscape of enforcement for tax professionals. If you want a more robust analysis of these rules, read our article here or watch our ERC Audits on-demand webinar.

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audit income tax auditor tax return 96

TaxConnex

JULY 9, 2024

Audits Thankfully, you may never go through a sales tax audit. For more on what can go wrong with sales tax compliance, see our webinar “Sales Tax Filing – What Can Go Wrong?” On portals you’ll also find information on other taxes, such as Washington’s B+O tax. Auditors will ask for data and any replated invoices.

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Sales Tax Colorado tax return 264

Nancy McClelland, LLC

AUGUST 15, 2022

My colleagues at the National Society of Accountants for Cooperatives are offering a 75-minute webinar on Tuesday, August 23 to discuss the requirements and pitfalls in claiming Employee Retention Credits (ERC). You can expect their enforcement division to ramp up audits in the next few years.

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cpa firm bookkeeping Education CPA 19

TaxConnex

NOVEMBER 2, 2023

Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE. Look out for our December webinar for an additional CPE credit!) October 15 th ended the last major income tax due dates in 2023.

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Sales Tax income tax tax planning 263

Anders CPA

JULY 21, 2022

Watch our recorded webinar to hear from not-for-profit industry leaders on what to expect and how we can help your organization navigate these changes. View the recorded webinar by completing the form below. The post Not-for-Profits in the Know Webinar Series: In-Kind Donation Reporting is Changing appeared first on Anders CPA.

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accounting standards audit CPA financial accounting 98

TaxConnex

DECEMBER 3, 2020

Alpharetta, GA - TaxConnex, Inc today released the results of a new survey finding that the increasing sales tax complexities, growing nexus, limited resources and additional audits are among the top worries of financial professionals in 2021. Click here to download.

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South Dakota Sales Tax Finance 211

ThomsonReuters

DECEMBER 2, 2024

← Blog home At a high level, SAS 145 brings with it refinements to risk assessment standards in audits, reinforcing the need for vigilance and critical thinking. So, let’s explore the impact of SAS 145 on risk assessment in audits, particularly the importance of understanding inherent risk and its evolving nature.

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auditor audit public accounting Account 52

Cherry Bekaert

MAY 9, 2024

For many architecture and engineering (A&E) firms, overhead rate audits are a critical aspect of financial management since they can be a great way for firms to recoup incurred costs necessary to run their business from the government. Q: What is an overhead rate audit? Q: What are the benefits of an overhead rate audit?

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audit auditor Transportation Government 115

Going Concern

JULY 29, 2022

Williams at a virtual event hosted by Council on Institutional Investors (CII) on the 20th anniversary of Sarbanes-Oxley and the establishment of the PCAOB: When the PCAOB was first getting off the ground in 2003, it adopted existing standards that had been set by the auditing profession on what was intended to be an interim basis.

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audit Legal 105

TaxConnex

DECEMBER 2, 2021

Under audit, a state is likely to ask for copies of these resale exemption certificates, and in the absence of a valid certificate, any transaction(s) are likely to be deemed taxable. See our webinar on sales tax in the manufacturing industry for more on this.). Resale exemption certificates.

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Manufacturing Sales Tax Non-Profits 245

ThomsonReuters

NOVEMBER 29, 2023

This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. During the webinar, panelists discussed ways to reduce risk, avoid audits and potential penalties, and explore solutions to the challenges ahead. It can help under-resourced departments manage audits effectively.

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audit Technology Tax corporation tax 98

Cherry Bekaert

MAY 16, 2023

Many government agencies require that A&E firms have their overhead rates audited. In this episode of Cherry Bekaert’s Professional Service Podcast, Brynn McNeil , an Audit Partner in the Firm’s Professional Services Industry practice, welcomes Mandy Grivnovics , an Audit Senior Manager in our Professional Services practice.

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audit Transportation Government 94

ThomsonReuters

SEPTEMBER 2, 2021

Is this an audit, and what should we expect if it is? ANSWER: The request for documents probably does signal the beginning of a DOL civil investigation (often referred to as an “audit”). We strongly advise seeking the assistance of experienced legal counsel to assist with a DOL audit. Contributing Editors: EBIA Staff.

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audit payroll Legal Tax 98

ThomsonReuters

DECEMBER 8, 2023

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations.

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audit auditor financial statements Technology 98

Withum

FEBRUARY 17, 2023

This webinar, presented by Ryan Miller, and Sienna Richert of Withum’s Healthcare Services Group, will provide an accounting and auditing update applicable to healthcare organizations. Define upcoming AICPA and FASB updates.

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Healthcare audit accounting standards Account 52

Withum

FEBRUARY 16, 2023

Over the past several months, we have seen a significant uptick in IRS audits of the Employee Retention Credit (ERC). This session will address the details of the ERC with a focus on strategies to successfully resolve your IRS audit without adjustment. We will also share our experiences on what we have seen during these audits.

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audit 52

TaxConnex

MAY 26, 2022

These forms are especially important in sales tax audits. Check out our webinar Multi-Channel Selling & Your Sales Tax Obligations.). When companies have a questionable nexus footprint we suggest they get exemption certificates while doing business in that state. And there’s an infinite number of forms.

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South Dakota Sales South Carolina Illinois 244

Withum

MAY 26, 2022

This on-demand webinar will outline the changes and updates that affect employee benefit plan audits, including management’s assessments that a Section 103(a)(3)(c) audit is appropriate for, how the new audit report will look like, and the required representations from management to the auditor. View Slide Deck.

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audit auditor 52

Withum

DECEMBER 8, 2022

The team will also discuss opportunities such as common exemptions to identify potential refunds, potential audit triggers, and other sales tax trends. View More On-Demand Webinars. Identify potential issues that may trigger a sales tax audit. View Slide Deck. Viewers Will Learn About. Meet Our Presenters. Partner Whippany, NJ.

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Sales Tax audit 59

Withum

SEPTEMBER 14, 2023

View On-Demand Webinar This on-demand webinar presented by Donna Nevolo , Partner and Employee Benefit Plan Market Leader, and Israel Tannenbaum , Partner and Form 5500 Filing Lead, will dive into recent regulatory changes to Form 5500 and the important updates that employers and plan sponsors should be aware of.

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New York audit 69

Withum

JULY 19, 2022

Listen in as Withum’s Not-for-Profit Services team for an update on recently issued accounting and auditing standards impacting not-for-profit organizations. In addition, we will discuss how not-for-profit organizations can avoid the most common accounting pitfalls prior to the commencement of an external audit. View Slide Deck.

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audit Account accountant accounted 52

TaxConnex

OCTOBER 6, 2022

If your back taxes are not disclosed but are instead discovered through an audit, you could end up assessed various penalties plus interest plus all historical tax due.). You can hear our webinar “Mergers and Acquisitions Case Studies & Actual Negotiations” here.). Other mitigation options: XYZ letters.

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Sales Tax tax return Start-ups 246

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.

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auditor audit Washington Manufacturing 105

ThomsonReuters

OCTOBER 29, 2024

That will get you in trouble in the long run,” says Tracy Davis , Retail and Diversified Vertical Lead at Thomson Reuters at a recent webinar on Digital transformation for end-to-end indirect tax compliance. Webinar Digital transformation for end-to-end indirect tax compliance Watch on-demand That’s where digital transformation comes in.

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Technology accounting and finance Tax accounts payable 52