The IRS Audit Blog

Posts Tagged ‘accounting’

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Question: Best Coaching For ICWA INTER(BOTH GROUP) IN PATNA,DELHI,PUNE?

can u help me??? i m b.com(hons) grad. wanna enrol maself for icwa inter…can u guide me the wit the coaching institute in delhi or pune for all papers of inter xam both modules… my papes will b acc to new syllabus:_
Group I
Paper 5: Financial Accounting
Paper 6: Commercial and Industrial Laws and Auditing
Paper 7: Applied Direct Taxes
Group II
Paper 8: Cost & Management Accounting
Paper 9 : Operation Management and Information Systems
Paper 10: Applied Indirect Taxes
Plzzz do reply me….

Answer: Any answer regarding particular name will create confusion , So it is better to go to the office of the regional center of the places mentioned by u,You will find the right coaching center from the office for all the papers.
for further help please visit:

http://www.indiastudychannel.com/courses/

H&R Block at Home Premium: Good Choice for Self-Employment Tax Returns

H&R Block at Home Premium delivers great value for small-business owners whose tax situations are basically straightforward but who would appreciate access to a human being for a question or two–or audit support, if need be.

Income Tax USA | Online Income Tax Preparation

Question: What would be the best proggraming language to do this for a Contest?

TOPIC
You are given the task to design the software for a POS (point of sale) system for a grocery store. There are three main pieces to the system: checkout, inventory control, reporting. The three pieces must work together.
The checkout function performs two tasks. First, it implements the sales process (calculates the total, tax, change due). Second, it adjusts the store inventory.
The inventory control package is used to update inventory (auditing) and for adding
or removing inventory (new deliveries, returns, etc.) To discontinue an item,
remaining quantities must be returned and credit received for the returned items.
The report package should allow the user to get a report.

Answer: JPOS already did it.

http://www.jpos.org/

Tax Tips to Help DIY Filers Avoid an IRS Audit

One of the major worries DIY filers face each year is the fear of an IRS audit, and rightfully so as one out of every 97 returns was audited in 2009. Here are some helpful tax tips DIY filers should heed to avoid being audited: Keep complete financial records The best defense against an IRS audit is to report all income and claim only the deductions and credits to which the taxpayer…

Software Asset Management – Potential Benefits to the Customer

New rules to require brokerages to tell IRS what investors paid

Investors who forget what they paid for shares of stock will get help starting next year, courtesy of the Internal Revenue Service.

Galen Institute: ObamaCare’s Restrictive 1099 Tax Requirement

Question: Big 4 accounting firm hours?

I’ve been researching the hours for the big 4 accounting firms and I’ve heard that the hours can be terrible. I was just wondering what hours can I expect during busy season, non busy season, etc. And do they differ for people who do tax vs. audit? Thanks in advance, I’d really appreciate it

Answer: The hours are terrible for the audit department, not for the tax dept. Depending on where you’re from, the buy period is usually from the clients’ year-end to about 3 months after that. So assuming the bulk of the clients have a Dec 31 y/e, and the next most common y/e is Mar 31, and so on, the busy periods would be Jan to Mar, then slightly less busy from Apr to June, and so on. Actually the busy period can be all year round except maybe around Aug to Sep. After that, comes the planning for the next audit, the interim, then the pre-final, then all the stocktake observations, etc. But the busiest is still Jan to Mar, in my opinion.

ROYAL BANK OF CANADA REPORTS 2010 AND FOURTH QUARTER RESULTS

Royal Bank of Canada reported net income of $5.2 billion (Diluted earnings per share of $3.46) for the year ended October 31, 2010, up $1.4 billion or 35% from a year ago. Results in the current year include a $116 million loss on the announced sale of Liberty Life Insurance Company and our 2009 results included a $1 billion goodwill impairment charge.

How to Avoid an IRS Tax Audit : Electronic Vs. Paper Tax Filing

Question: Do online casino owners pay tax on [any of] the money the gambling site acquires from gamblers?

Who do they report their earnings to?

What taxing entities audit their financial activities?

Do financial institutions cooperate with whatever government entities serve as ‘home bases’ for the sites so’s to compare actual incomes with reported incomes?

For example, if an online gambling site owner is a resident of the US or UK, but the gambling site is located offshore somewhere, do the banks provide information to the US government or UK government the way they would for other citizens earning incomes from working employment inside the boundaries of the country where they reside?
Thanks LegFuJon: I’ve never played at an online casino so I’m just trying to learn. You and a lot of other top contributors here appear to be experts on the subject holding intimate knowledge of the workings, so I figured you’d know.

Gracias,

Answer: In spite of what you appear to believe, there is no reason not to think that most of these companies are totally legit companies, operating whereever it is they operate.

An online casino based in Antigua would report their revenue to the same place that someone operating a restaurant in Antigua would. I’m sorry that I don’t know all of the tax laws in every country in the world… if the company isn’t a public company… maybe no one audits their financials, maybe they have external auditors, maybe they have internal auditors.

Why would the banks report anything to the US Goverment? I doubt that’s their job.

I’m sure the company pays their taxes in Antigua… I’m also sure the tax laws are favorable, otherwise they wouldn’t set up shop there.

Egypt Trust UK Regulatory Announcement: Half-yearly Report

LUXEMBOURG–(BUSINESS WIRE)–THE EGYPT TRUST Société d’Investissement à Capital FixeLuxembourgR.C.S. Luxembourg B 55 584 Unaudited Half-Yearly Report September 30th, 2010 THE EGYPT TRUST Table of Contents Organisation of the Fund General Information Responsibility Statement Investment Policy Manager’s Review Statement of Net Assets Shareholders’ Equity Statement of Operations Statement of …

The Future of Manufacturing – Skills and the UK Government