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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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Chaser Launches Integration with Odoo

Trade Credit & Liquidity Management

From a Press Release dated March 25, 2025, London, England Chaser , a global accounts receivable automation solution provider, has announced a new integration with Odoo , a popular business management software platform. This automation supports faster and more accurate accounts receivable workflows.

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Understanding ASC 606 Revenue Recognition?

Billing Platform

A generally accepted accounting principle (GAAP), ASC 606 revenue recognition identifies the specific conditions in which revenue can be recognized and provides a framework for how companies need to account for revenue received. Across all industries and business models, knowing when to recognize revenue can (and is) challenging.

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Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore

Counto

Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore As a small business owner or entrepreneur, understanding global financial regulations like the Foreign Account Tax Compliance Act (FATCA) is crucial. persons holding accounts and assets in foreign countries. persons and report their account details.

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Navigating PDPA Compliance: A Practical Guide for SMEs in Singapore

Counto

The Personal Data Protection Act (PDPA) governs how personal data is collected, used, and disclosed by organisations. The Personal Data Protection Act (PDPA) was enacted in 2012 and fully implemented in 2014. Purpose Limitation Personal data must be collected for specific, communicated purposes. Overview of the PDPA 1.1

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What is audit automation?

Nanonets

The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks. Optical Character Recognition (OCR) is a crucial tool in accelerating data collection from scanned images of documents.

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Mastering the Art of Vendor Selection: A Friendly Guide

Nanonets

In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014. Contracts  play a vital role in vendor management to ensure accountability and successful  vendor relationships.