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Tax Fraud Blotter: Who ya gonna call?

Accounting Today

Gregory knew that Elijah Farm employed nobody and paid wages to no one and had not made federal tax deposits to the IRS in the amounts stated on his return. From November 2020 to April 2022, Gregory made false claims to the IRS for the payment of nearly $65.3 The IRS issued a portion of the refunds, and he spent more than $2.7

Tax
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Tax Fraud Blotter: Off to the races

Accounting Today

For 2021, he filed Maryland returns that included false information to unlawfully inflate refunds and evade taxes. In 2021, Rodriguez, a mail carrier in Glastonbury, was asked by an acquaintance to intercept federal refund checks that would be mailed to addresses on his mail route; he would be paid some $100 for each check.

Tax
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6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

Although AP automation rates jumped from 32% to 51% between 2021 and 2022, more than 80% of firms still haven’t fully automated their AP workflow. During the next 12 months, expect to see initiatives from both parties as they try to streamline AP and AR to shorten the time it takes to bill, approve, pay and deposit funds.

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TurboTax To Help Gamble Tax Refund On Crypto

Cloud Accounting Podcast

We'll also get into some app news, conference updates, and talk more tax, as we wander through the land of IRS troubles. Payments Valued at $72.6T to verify your identity.

Tax
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Identifying & Preventing Vendor Fraud

MineralTree

According to a 2022 report by the Association for Financial Professionals (AFP), 71% of organizations surveyed experienced attempted or actual payments fraud in 2021. In some cases, the fraudster may also intercept a check and then deposit it into their own account before it reaches the intended recipient.

AP
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ACH Transfers: How long do they take?

Nanonets

ACH is most commonly used for direct deposit of payroll, payment of bills, and business-to-business payments. To reduce error, fraud, and delays, NACHA added new regulations in 2021. No international payments ACH payments can only be deposited into US–based banks.

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Sage Outage Leads To Threats Of Violence

Cloud Accounting Podcast

20:44 - Melio raises $110M on a $1.3B 20:44 - Melio raises $110M on a $1.3B