Accounting Today

JUNE 19, 2025

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.

Tax

Accounting Today

JULY 31, 2025

Beginning in 2012, Devine caused BK to fail to account for and pay hundreds of thousands of dollars in payroll taxes. Also that month, he deposited the check into his wifes bank account and later transferred $4,500 from his wifes account to his own bank account and subsequently spent the money for personal use.

Tax

Future Firm

AUGUST 22, 2022

I’ll take a look at the options available within each accounting software. Integrations Just like with your cloud-based accounting software, integrations are a key to workflow functionality. The more integrations available, the more flexibility you’ll have with your accounting solution. GoCardless. GoProposal.

Accounting

Nanonets

JUNE 29, 2023

Limited Accounting Controls: Divvy lacks an audit trail, which is a standard feature in accounting software, potentially limiting transparency and accountability. SAP Ariba Ariba  became part of SAP in 2012. Sources: [link] [link] 5. Cons of Center®: Limited to serving North American-based businesses.

Budgeting

Invoicera

SEPTEMBER 13, 2024

Limited Accounting Functionality Bill.com is definitely helpful when it comes to tracking bills and payments , but it is not an all-inclusive accounting software. Reporting & Analytics : You get real-time insights into your accounts receivable with detailed reports, automated aging reports, and customizable dashboards.

AP