Remove 2020 Remove Accounting Software Remove Collections
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Tax Fraud Blotter: Sick excuses

Accounting Today

Alvarez did not have a PTIN and admitted that in 2019 and 2020 she misrepresented taxpayers eligibility for education credits and deducted fictitious business expenses from their taxable income to reduce tax liabilities and inflate refunds. in employment taxes to the IRS for two employees of his accounting businesses.

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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.

Tax 147
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Three top tech tips for US landlords in a challenging real estate market

Xero

Over 2020 and 2021, we saw relative stability in the rental market, with dips and spikes in rent payments correlating with the first lockdowns and government stimulus packages. Secondly, to employ modern rent collection tools to make it as easy as possible for your tenants to make payments. Inflation and interest rates.

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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.

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A Beginner’s Guide to APIs for Finance Pros 

AvidXchange

In accounts payable (AP) automation , an API plugs into different software programs, unlocks the data and turns on the communications between them so they can connect and share information and functionality. Leading AP software providers often integrate with up to 30 or more accounting software programs.

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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.

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Lessons Learned: How One Accounting Department Evolved During Unusual Times

AvidXchange

After all, our business has been around for more than 100 years, and in that span we hadn’t seen anything like 2020. Early last year – before the pandemic started – we migrated our co-op and condo properties to the latest version of our accounting software. This isn’t a hunch.

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