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auditor Government Tax 
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.
246 
SMBAccountant
DECEMBER 16, 2020
These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items. More information regarding these programs can be found at sbir.gov/about.
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The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
TaxConnex
SEPTEMBER 22, 2020
Taxes are an integral part of the telecom world. Taxes, fees and government surcharges on telecommunications services increased from 19.1% In talking with countless telecommunications service providers about their various tax and regulatory requirements, there are some recurring themes I hear that can be troubling.
246 The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
TaxConnex
OCTOBER 27, 2020
We can’t say it enough – sales tax is complex. We’ve compiled some of the top questions we get from clients on sales & use tax. Part 1 of these questions was on sales tax and business services. What is the difference between sales and use tax? Most states have both a "sales" and a "use" tax.
246 
CPA Practice
OCTOBER 17, 2024
State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. But accountants who do government work face unique challenges that require more specialized solutions.
119 
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.
246 
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.
116 
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.
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.
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.
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.
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.
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.
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.
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.
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.
98 
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.
130 
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.”
72 
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?
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.
98 
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.
130 
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.
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.
105 
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.
98 
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.
98 
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.
105 
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?
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
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.
111 
Going Concern
JULY 17, 2023
” Partner pay figures were provided to the Senate as part of an inquiry related to the firm’s sharing of confidential government tax information. They sit in government departments on secondment, occupy hundreds of boards across Australia and earn billions of dollars consulting to the public and private sector.
96 
Going Concern
DECEMBER 11, 2023
In new research, Matthias Breuer, Anthony Le, and Felix Vetter find that when companies are required by the government to seek a third-party financial audit, they turn to lower quality auditors. At first sight, this result appears puzzling as it seems to suggest that more auditors can be attracted with lower wages.
105 
Withum
SEPTEMBER 16, 2022
It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. Second, the government issued stimulus checks which pumped more spending money into the economy for those not hurt financially by the pandemic. Simplifying the Sales Tax Rules.
80 
Going Concern
SEPTEMBER 23, 2024
Jack Castonguay, who used to be a favorite follow of ours on Twitter before he dipped out from the platform in protest, has written about FTX for CoinDesk : In situations like this, it’s always easy to play Monday morning quarterback and say this could have happened to any auditor and any client. But here, the failure was idiosyncratic.
104 
Going Concern
SEPTEMBER 29, 2023
Big 4 ‘Shadow’ culture at consulting giant PwC led to tax-leaks scandal: Ziggy Switkowski [ News.com.au ] Consulting giant PwC has been savaged in an independent review that exposed the firm’s “shadow” culture contributing to its infamous tax leaks scandal. Still, the results give offshore bondholders something to chew on.
111 
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.
98 
Going Concern
JULY 25, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs.
105 
ThomsonReuters
JUNE 6, 2022
When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. Accounting and tax professionals often take advantage of resources from professional associations to keep abreast of relevant news.
Going Concern
SEPTEMBER 19, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs.
105 
Going Concern
MAY 31, 2024
Municipal Dumpster Fires Woonsocket city council respond to auditors abruptly quitting [ WLNE Providence ] Shout-out Mary Sahady who finally had enough of this b t and told this messy client to get bent. Woonsocket officials are hoping city auditors will change their mind, after they abruptly quit this past week.
106 
Going Concern
MAY 18, 2023
Not satisfied with former CEO Tom Seymour as a sacrifice , the PwC tax leak scandal continues to claim victims and chip away at the good name of PricewaterhouseCoopers. The issue has produced countless unflattering headlines and even government inquiries questioning the ethics of this prestigious professional services organization.
105 
Going Concern
SEPTEMBER 22, 2023
In addition to his new role, he will continue to serve as co-director of the firm’s DC-Metro tax practice. James Greiner said he was not shocked about the layoff, but was surprised it happened right before the third quarter tax deadline for clients. Greiner was a client-relationship manager for Croft and Frost for a year and a half.
109 
Going Concern
MARCH 17, 2023
On top of a strong background in finance, both fields require extensive knowledge of tax law, and those are just the beginning of the hard skills needed to excel. The rival operatives, who spoke on condition of anonymity, say the leaks scandal gave the Greens and the Labor government an excuse to scrutinise their public sector work yet again.
97 
Cherry Bekaert
APRIL 4, 2024
The IRA created and expanded tax incentives for individuals who own or rent a home to invest in energy-saving home improvements. These individuals can now earn a percentage of their money spent back through federal energy tax credits. Taking advantage of energy tax credits can seem like a daunting task.
90 
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!
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