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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. All rights reserved. In March 2019, Archer filed for Chapter 7.

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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. All rights reserved.

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Tax Fraud Blotter: Getting personal

Accounting Today

Until 2020, Conte was an attorney and member of the Massachusetts Bar. From around January 2003 through at least 2020, he earned income by offering services as a taxation, investment and real estate specialist. From at least 2016 through 2020, he filed no returns for himself or for his companies. All rights reserved.

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Tax Fraud Blotter: Boundless energy

Accounting Today

From the second quarter of 2017 through the fourth quarter of 2020, he collected but did not pay over or report similar taxes to the IRS. All rights reserved. They instead spent the money on country club memberships and season tickets to the San Jose Sharks. Olson caused a total tax loss to the IRS exceeding $2.1

Tax
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Avoid Holiday Mail Delays, Get Paid Faster with ePayments 

AvidXchange

Adopting digital payment methods not only helps improve cash flow with more timely payments but it can be more efficient than processing paper checks. Recent News About the USPS In 2020, the USPS unveiled a 10-year-plan to overhaul the organization after losing $87 billion between 2007 and 2020. to $14 per transaction.

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Irreconcilable Differences: How MCA Abuse of “Reconciliation Rights” Threatens Collateral

Trade Credit & Liquidity Management

Marketed as sales of future receivables rather than traditional loans, these agreements allow funders to withdraw fixed daily or weekly payments directly from a business’s bank account until a predefined “purchase amount” has been satisfied. The funder assumes the risk that repayment may take longer if revenues decline.

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How GST on Digital Services Affects Your Netflix, Spotify, and Other Subscriptions in Singapore

Counto

GST on digital services was introduced in Singapore on 1 January 2020, requiring overseas service providers to charge 7% GST on business-to-consumer (B2C) digital services. No Additional Steps Required: The GST is collected by the service provider, so consumers do not need to take action. What Is GST on Digital Services?