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Tax Fraud Blotter: Negative waves

Accounting Today

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.

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Tax Fraud Blotter: Getting personal

Accounting Today

EDT 6 Min Read Facebook Twitter LinkedIn Email The not-so-great outdoors; spear itself; pain and gain; and other highlights of recent tax cases. Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS.

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Online Accountants Forums: The 14 Best

Future Firm

Accounting forums are digital communities usually populated by firm owners, CPAs, tax specialists, and other financial experts. All kinds of accounting topics, from taxes to software recommendations and business strategies can be discussed. They are capping membership at 500 members.

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How Automation Can Improve Accounts Payable Compliance

MineralTree

This includes general accounting principles, tax rules, payment processing protocols, and anti-fraud measures. This is the second highest it’s been since 2009. Know Your Customer (KYC) requires organizations to collect and verify customer identity information before completing transactions. Increased Vulnerability to Fraud.

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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. This diagnostic process provides a structured framework for evaluating costs alongside factors like pricing, working capital, capital allocation, tax optimization, and environmental, social, and governance (ESG) considerations.

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Understanding Tax-Free Savings Account (TFSA)

Billah and Associates

What is Tax-Free Savings Account (TFSA)? A Tax-Free Savings Account (TFSA) is a registered investment account that allows Canadian residents 18 years of age or older to earn tax-free investment income. Any income earned in the account, such as interest, dividends or capital gains, accrues tax-free.

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Tax Fraud Blotter: No solution

Accounting Today

EDT 6 Min Read Facebook Twitter LinkedIn Email Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases. She conspired to file a false 2014 individual income tax return in her name. million in taxes had been withheld. In total, Heart caused a tax loss to the IRS of $1,618,985.54.

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