TaxConnex

JANUARY 18, 2022

There’s a lot of talk in sales tax about nexus, thresholds, forms, filing and many other details of compliance. One often overlooked aspect of compliance, but extremely important, is the sales tax exemption certificate. An exemption certificate is used to exempt an otherwise taxable transaction from sales tax.

auditor 246

auditor Manufacturing Sales Tax 246

Going Concern

JANUARY 3, 2025

The San Francisco-based HR tech company Employer.com focuses on payroll and onboarding, in contrast to Bench, which specializes in accounting and tax. The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices.

auditor 98

auditor audit Rhode Island cpa firm 98

Going Concern

JUNE 1, 2023

Bringing things back to this decade, he then talks about what’s going on at PwC Australia even though auditors weren’t the ones using confidential government data to bill clients for tax avoidance plans. For starters, auditors are paid by the companies they’re auditing.

auditor 116

auditor audit Government Transportation 116

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida 98

Florida Mississippi audit auditor 98

Withum

JANUARY 30, 2025

AICPA Audits are for the audit of private companies, not-for-profit organizations, and smaller government entities. These audits are governed by Generally Accepted Auditing Standards (GAAS) and focus on the accuracy of financial statements. PCAOB Audits are required for publicly traded companies and entities registered with the SEC.

audit 100

audit financial statements auditor accounting principles 100

CPA Practice

NOVEMBER 11, 2024

For example, 1040 tax prep will likely soon be worth more than ever. The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Automation and AI are reducing the labor needed!

accounting firms 111

accounting firms Technology accountant accounted 111

CPA Practice

SEPTEMBER 5, 2024

With more than 13,000 sales and use tax jurisdictions across the United States, tax rates are subject to change as new policies are implemented and others expire. In a typical fiscal year, there are thousands of sales tax rate updates. Just the thought of being selected for a sales tax audit can be intimidating.

audit 115

audit Sales Tax auditor 115

SMBAccountant

OCTOBER 21, 2020

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts.

Government 100

Government general ledger accountant accounted 100

Going Concern

MARCH 24, 2023

Tax The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits [ CNBC ] The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems — an approach that would tax profits for wealthy owners at a higher rate relative to assets such as stocks, real estate and cryptocurrency.

auditor 105

auditor Entertainment audit Real Estate 105

SMBAccountant

AUGUST 26, 2020

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. For sales tax purposes, the receipt that shows the itemized purchases with sales tax is required. One example that is present in almost all businesses is a dinner receipt.

Government 100

Government accountant accounted Account 100

SMBAccountant

AUGUST 26, 2020

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. For sales tax purposes, the receipt that shows the itemized purchases with sales tax is required. One example that is present in almost all businesses is a dinner receipt.

Government 100

Government accountant accounted Account 100

TaxConnex

OCTOBER 25, 2022

There’s always something changing in the world of tax, especially sales tax. The Urban Institute told news outlets that 25 states recently reported year-over-year declines in sales tax receipts, a jump of more than a third in just a month. Nationwide, sales tax receipts were up 1.5% Inflation bites. in real terms.

South Dakota 130

South Dakota Sales South Carolina Tax 130

Going Concern

MARCH 31, 2023

auditors who believe their part of the firm could end up weakened by a deal. audit, tax and advisory firm, as title sponsor in an effort to advance equity, access and opportunity for underrepresented and underrated youth in the sport of golf. He previously held various tax roles at KPMG. John King and Frank Mahoney, senior U.S.

auditor 105

auditor audit Virginia Technology 105

Going Concern

AUGUST 12, 2022

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. So, how is tax season like a gallon of milk? Get rid of them.

auditor 98

auditor accountant accounted Account 98

Going Concern

JULY 31, 2023

Market concentration in the consultancy industry came to a head this year after it was revealed PwC partners had misused information by passing on confidential Federal Government information to clients, sparking the sale of its consulting business to Allegro Funds to $1. It’s very important for our economy that we have proper audit,” he said.

auditor 98

auditor accountant accounted Account 98

ThomsonReuters

SEPTEMBER 3, 2024

The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. However, these changes happen slowly and are not always used by all firms.”

auditor 72

auditor audit tax accountant Tax 72

MyIRSRelief

OCTOBER 28, 2022

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California. The board uses several methods to collect owed taxes.

California 130

California audit Tax income tax 130

Going Concern

APRIL 7, 2023

The alliance is part of PwC UK’s technology-driven strategic plan to reframe the way traditional tax, legal and people services are delivered. Signature and First Republic were both led by former KPMG partners, and KPMG was the auditor for Silicon Valley Bank for nearly 30 years. If Your Job Exposed to ChatGPT?

auditor 105

auditor chartered accountant audit accounting and finance 105

ThomsonReuters

JUNE 28, 2023

If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. When you look at ESG through the lens of a tax and accounting firm, reporting on environmental, social, and governance factors is enabled by data.

Tax 98

Tax auditor audit Technology 98

Going Concern

DECEMBER 13, 2024

Accountants and regulators have questioned whether the independence of auditors can be preserved or not under new buyers. a Microsoft partner which serves the government and tech sectors. Grant Thorntons U.K. unit, PKF OConnor Davies and Carr, Riggs & Ingram were among the firms that last month unveiled private-equity investments.

auditor 98

auditor accountant accounted Account 98

Going Concern

JANUARY 1, 2025

Ongoing sexism in promotions Mental health Remote work is affecting training and supervision of associates Mental health impact of public No one wants to be “us” Incompetence of regulators Impact of years of remote working on junior staff training, ensuing pressure on upper level auditors, causing significant lapses in audit quality.

accountant 105

accountant accounted Account cpas 105

CTP

JANUARY 15, 2025

Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly. Tip #1: Establish Evidence Every tax deduction and credit that you claim on your return should be backed up by supporting documentation. This can include: Legal.

audit 52

audit auditor Legal tax return 52

TaxConnex

JULY 6, 2023

In part 1, we looked at the mounting financial costs of maintaining sales tax compliance with the thousands of tax jurisdictions nationwide. Rolling the dice What have companies done to avoid complying with sales tax regs where they have economic or physical nexus? Do not collect sales tax and fail to remit it.

auditor 130

auditor audit Sales Tax 130

CPA Practice

OCTOBER 29, 2024

Demand was particularly slow in China where revenues fell, and in Australia economic and business headwinds, as well as the divestment of the firm’s government consulting business, contributed to a decline in revenue over last year,” PwC said in a media release. The firm attributed the decline in growth to “difficult market conditions.”

Legal 52

Legal Government auditor Tax 52

ThomsonReuters

OCTOBER 18, 2024

Key components of statutory reports include financial statements and ESG disclosures, enhancing stakeholder trust and governance. Statutory reporting is the mandatory disclosure of financial and non-financial information by companies and organizations to designated government agencies and regulatory bodies. What is statutory reporting?

Non-Profits 52

Non-Profits Legal financial statements tax return 52

Going Concern

OCTOBER 10, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

Real Estate 59

Real Estate accountant accounted Account 59

ThomsonReuters

MARCH 17, 2025

With step-by-step procedures, practical checklists, and real-world examples, auditors at all levels can navigate complex engagements with confidence. And of course, todays auditors need the ability to reduce confirmation response times and strengthen audit evidence.

audit 52

audit auditor Technology financial statements 52

Going Concern

APRIL 30, 2024

It’s been almost six years since the Canadian government legalized recreational cannabis and ever since, a microcosm of financial reporting and auditing has been growing (no pun) beside it. Note that many companies switched auditors so not all fees listed went to the current auditor.) billion Canadian dollar ($3.7

auditor 111

auditor audit Legal financial statements 111

Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! Audit Americanas’ $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record [ Bloomberg ] A $4 billion accounting shortfall would typically raise alarm bells for an auditor.

Florida 105

Florida Tax North Dakota accountant 105

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.

CPA 105

CPA auditor Tax accounting and finance 105

ThomsonReuters

MAY 16, 2024

The Public Company Accounting Oversight Board (PCAOB) has recently adopted a significant new auditing standard, AS 1000, titled “ General Responsibilities of the Auditor in Conducting an Audit.” AS 1000 updates key auditor responsibilities, emphasizing their role in protecting investor interests with independent reports.

auditor 98

auditor audit financial statements Government 98

Going Concern

NOVEMBER 24, 2023

Bonuses will also be cut, with staff in KPMG’s 2,900-strong tax and legal arm receiving 55 per cent of the full amount that could have been paid, an insider said. Tax Court Provides Evidentiary Lesson On Professional-Reliance Defense [ Forbes ] Reasonable cause is a common defense to civil tax penalties. UK inflation stood at 4.6

auditor 116

auditor audit tax return cpas 116

ThomsonReuters

NOVEMBER 2, 2023

It also revises the definition of significant risk so that auditors will be focused on where the risks lie on a spectrum of inherent risk. As auditors, it’s important to understand how to effectively apply SAS 145 to ensure compliance and enhance the overall audit process. Let’s take a look. Focus on the risk itself.

auditor 105

auditor audit Government accountant 105

Going Concern

OCTOBER 17, 2024

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Real Estate 64

Real Estate accountant accounted Account 64

ThomsonReuters

DECEMBER 6, 2022

The spotlight on environmental, social, and governance (ESG) continues to intensify as businesses are increasingly being called upon to disclose more about their ESG performance and strategies. Then there’s the tax implications. More specifically, ESG-related tax incentives. What is the role of the auditor in ESG reporting?

auditor 59

auditor accountant accounted Account 59

Going Concern

MAY 26, 2023

Among them was the Employee Retention Credit, a tax benefit that was created as part of the initial $2 trillion pandemic relief legislation. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. The reshuffle goes into effect on July 1. ‘No

public accounting 104

public accounting accountant accounted Account 104

Going Concern

DECEMBER 22, 2023

PwC posted its summer 2025 internships for areas including tax and consulting in September, the earliest the firm has ever advertised internship positions, said Rod Adams, who leads hiring for the U.S. HEY it’s not too late to snag some tax talent before busy season hits. and Mexico. As CIO, Ms. PwC declined a request by Sen.

auditor 111

auditor audit accounting firms accounting and finance 111