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Best Practices for Managing a Sales Tax Audit

TaxConnex

Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. One of your customers undergoing their own audit might produce one of your invoices, resulting in the auditor possibly contacting you for an exemption certificate or other documents. Treat the auditor respectfully.

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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

The case was referred to investigators after an auditor found that the business hadn’t filed quarterly sales tax returns or remitted sales tax collected for that period. In another case, Ohio AG Dave Yost is trying to crack down on online retailers of beer and wine with a recent injunction in federal court this week.

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State CPA Societies in Action: Ohio Society of CPAs

CPA Practice

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. accountants and auditors have left their jobs, as reported by SHRM, an issue that is being actively addressed by OSCPA. “We

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Half a dozen ways to mismanage sales tax | TaxConnex

TaxConnex

Commercial activity taxes in Ohio and Nevada are also often missed. Regarding reconciliation of data to your sales tax returns, auditors don’t generally look at returns, but you still should prepare your return as accurately as possible. Auditors will ask for data and any replated invoices.

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Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Of the 35 companies that submitted data for the list, 31 said they let most Northeast Ohio employees work remotely at least some of the time. A longer, meatier report from auditors was introduced over the past decade in both the US and Europe. The Auditor’s Responsibility for Fraud Detection [ SEC ].

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Computer Virus Brings Ohio Town’s Government To A Halt

PYMNTS

A virus that infected the computer system of the Licking County government offices in Ohio has shut down the entire network, including that of the local police force, and a financial demand was made to restore everything back to normal, according to TechCrunch. Anyone that needs to contact county offices will need to come down in person.

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Friday Footnotes: The Biggest PE Deal to Date; AI Is Moving Fast, Says Deloitte; EY’s Secret (and Nasty) Drinking Club | 5.31.24

Going Concern

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. Eaton Corp.,

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