the takeaways crucial to ensuring business sustainability and continuous improvement.
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accounting arc
with liz mason, byron patrick, and donny shimamoto
center for accounting transformation
when a cpa realizes his business-owner client has never paid sales tax, it can be a jaw-dropping moment.
when they realize the client has owned and operated a successful business for years and is nearing 100 years old, it could cause an aneurysm.
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byron patrick, cpa/citp, cgma, vice president of client success at the b3 method institute, kicks off the fourth episode of accounting arc by explaining how his experience in this real-world example illuminates the often-overlooked complexities of sales tax compliance. patrick recounts how the scenario underscores the necessity of keeping accurate records and the potential disasters of neglect, emphasizing the long-term impact on business operations.
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