Remove 2013 Remove Accounting Software Remove Collections
article thumbnail

Tax Fraud Blotter: Sick excuses

Accounting Today

He operated an online marketing business for software installation, earning several million dollars from 2013 through 2015. He failed to collect, account for and pay over payroll taxes to the IRS on behalf of each of these companies from 2014 to 2022, a total of at least $3.5 million payroll tax scheme.

Tax 213
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.

Tax 147
professionals

Sign Up for our Newsletter

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

article thumbnail

Accounting Practice Management Software: The Top 17 Roundup

Future Firm

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.

article thumbnail

How Straight Through Processing Automates Delivery and Receipt of Payments for a Busy Small Business  

AvidXchange

Because their accounting software didn’t integrate with their credit card processor, each transaction needed to be handled manually, requiring Clark or someone else at Capital Lock to collect 16-digit credit card numbers over the phone or via email and enter them into their system. “I joined the AvidPay Network in 2013.

AR 52
article thumbnail

The 6 Best Outsourced Accounting Firms to Consider in 2023

Jetpack Workflow

Accounts Receivable (AR)/Accounts Payable (AP) Management An outsourcing partner can help a firm manage accounts receivable and accounts payable for their clients, ensuring all payments are made and received promptly. The 6 Best Outsourced Accounting Firms 1.

article thumbnail

Intuit Launches QuickBooks Cash

Cloud Accounting Podcast

One-percent interest, pretty high yield; I mean, relatively speaking. __ This episode of The Cloud Accounting Podcast is sponsored by ClockShark. Back in October of 2013, I became ClockShark's first Twitter follower. These allow you to collect payments on fixed-price items and services using a simple URL.

article thumbnail

Tax Fraud Blotter: No solution

Accounting Today

When the agency began trying to collect the fraudulent refund, she took several steps to thwart collection. She deposited the refund check into a trust bank account and immediately transferred most of the balance to a separate bank account, both of which she controlled. million, from which over $1.2

Tax 162