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Three payment trends accountants need to know

Xero

With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clients’ businesses. PayTo requires customers to verify themselves using their bank account so that we can quickly assess that they are who they claim to be.

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Microsoft plans to contest IRS claim it owes $28.9B in back taxes

Accounting Today

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the U.S. corporate tax rate.

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Tax Fraud Blotter: Sick excuses

Accounting Today

After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. All rights reserved. In March 2019, Archer filed for Chapter 7. In March 2019, Archer filed for Chapter 7.

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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.

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Navigating cloud adoption: A conversation with Xero ambassador Scope Solutions

Xero

In today’s rapidly evolving accounting landscape, embracing cloud technology is no longer optional – it’s essential. The cloud adoption challenge Adam (Xero): Brian, what’s the biggest hurdle you see accountants facing when it comes to cloud adoption? Brian Ferris: The sheer number of options can be paralysing.

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Meet five apps creating new ways to do business in 2022

Xero

Fathom is a reporting, analysis and forecasting tool that has been a part of the Xero Ecosystem since 2012. Datamolino streamlines and automates the accounts payable process. By automating the data capture process, Datamolino also saves accountants a huge amount of time and energy. XBert: Creating an automated future.

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App Partners of the Month: Xerocon London 2022 special edition

Xero

Xero recently hosted Xerocon London , one of the most anticipated events on the calendar for cloud accounting leaders. We were excited to reconnect with more than 2,000 accounting and bookkeeping partners and share the latest product developments across Xero. Find out more about becoming a Xero app partner here.

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