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. million in checks payable to his chiropractic practice at a check cashing business rather than depositing them into the practices bank account; he also deposited checks and e-payments into his personal bank accounts.

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

Nanonets

JUNE 29, 2023

Features: Flexible intake and approval workflows, Seamless integration with other business systems and with general ledgers, Creation of rules that reflect the company’s specific policies Record keeping of every dollar spent Easy retrieval of documentation for auditing or booking purposes. Sources: [link] [link] 5.

Budgeting

Invoicera

SEPTEMBER 13, 2024

Invoicera has great security features, such as making backups of data and maintaining an audit trail to secure your information. Payment Options : You can provide your customers with multiple payment methods, such as accepting online payments via integrating Stripe, EMI payments, accepting deposits, and customizing payment timelines.

AP

Future Firm

AUGUST 22, 2022

It’s nice to have an audit trail of the discussion and to be able to collaborate in-app versus in-email. Accounting Practice Management Software Overview Xero Practice Manager (XPM) is the Xero’s rebranded version of Workflowmax, which this accounting software provider had acquired back in 2012. Comments & Notes.

Accounting

Cloud Accounting Podcast

JUNE 23, 2020

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. I [00:35:00] don't know the audit process.

QuickBooks