Remove 2009 Remove Accounting Remove Collections
article thumbnail

Tax Fraud Blotter: Negative waves

Accounting Today

In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses. All rights reserved.

Tax
article thumbnail

Tax Fraud Blotter: Getting personal

Accounting Today

He also attempted to conceal his income from the IRS by using his business bank accounts to pay personal expenses, including the purchases of auto parts, guns, jewelry and powersports vehicles. After not filing income tax returns for many years, in 2015 Edwards filed returns for 2009 through 2013 and later filed a return for 2017.

Tax
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Customer Interview: Before and After Accounts Payable Automation with Bill Gilbert

AvidXchange

In preparation for the event, we sat down with panelist Bill Gilbert, Vice President and Corporate Controller of REDICO, to talk real estate, accounts payable automation , and best practices for year-end close. Bill : We’ve been AvidXchange customers since 2009, so we were an early adopter of accounts payable automation.

article thumbnail

How Automation Can Improve Accounts Payable Compliance

MineralTree

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. This is the second highest it’s been since 2009.

article thumbnail

Online Accountants Forums: The 14 Best

Future Firm

Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining.

article thumbnail

Ep. 198: Leah Wietholter – Following the money with a forensic accountant

IMA's Count Me

Connect with Leah Workman Forensics Full Episode Transcript Adam: Welcome to Count Me In, the podcast that explores the world of business from a management accountants perspective. Leah is a certified fraud examiner and the author of the new book Data Sleuth: Using Data in Forensic Accounting Engagements and Fraud Investigations.

article thumbnail

How to cut business expenses in a meaningful (and sustainable) way

Nanonets

This was evident during the 2008-2009 financial crisis, as shown in McKinsey’s survey above. Promoting cross-functional collaboration and leveraging collective intelligence can also contribute to cost reduction.