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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. Charleston, West Virginia: Business owner Luther A. million payroll tax scheme.

Tax
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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. GST on Auto-Renewals: If you have auto-renewal activated, your bills will reflect the new GST rate. What Is GST on Digital Services?

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Auditors with unusual names deviated from rules, study finds

Accounting Today

They analyzed filings from nearly 3,000 public companies from 2016-2020. Collectively, our study provides novel evidence on the role of auditor individualism in earnings comparability," they concluded. And we do not find that individualistic auditors produce low-quality outcomes."

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State of FinOps ’24: Top Priorities Shift to Reducing Waste and Managing Commitments

FinOps Foundation

State of FinOps Survey The State of FinOps is an annual survey conducted by the FinOps Foundation since 2020 to collect information about key priorities, industry trends, and the direction of the FinOps practice. The State of FinOps survey is conducted with a continuous collection model, meaning it is open year round.

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Medical Debt: An American Struggle

RevCycle

According to the Kaiser Family Foundation, the average American family spent $28,166 on healthcare in 2020. In 2020, the average deductible for a single person with employer-sponsored health insurance was $1,463, and the average deductible for a family was $4,595. In 2020, medical debt was a factor in 58% of all bankruptcies.

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Twenty Action Priorities for Credit & Collections Managers

Trade Credit & Liquidity Management

By its nature, the credit and collections function requires advance planning and strategies to meet aggressive targets, how best to deploy and develop staff resources, and to provide continuous process evaluation and improvement. This is particularly true for Credit Managers.

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8 Benefits of Flexible Billing System Architecture

Billing Platform

On the surface billing is an easy concept to understand, however there are numerous independent applications that work in unison to create the billing system architecture. Billing requirements may vary between industries and from company to company.