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Tax Fraud Blotter: Sick excuses

Accounting Today

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881. All rights reserved.

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Xero Simple is here for small businesses

Xero

From April 2026, small businesses, sole traders and landlords will need to change how they report income tax to HMRC. New legislation, known as Making Tax Digital for Income Tax (MTD for IT ), is set to be introduced, sparking a shift in financial reporting requirements.

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SEC taps new chief accountant

Accounting Today

There he wrote what became the Financial Reporting Manual, a primary guide for the SEC accounting staff and practitioners in the application of the federal securities laws. All rights reserved. He previously worked at the SEC from 1989 to 1997, rising to associate chief accountant in the Division of Corporation Finance.

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Inside GASB's far-reaching agenda

Accounting Today

Medicaid funding would also count, and substantial cuts are expected under the tax bill now being considered in Congress "Medicaid funding in particular is a really big part of state budgets, so the potential for them to be substantial at a state level at least exists and warrants consideration," said Black. All rights reserved.

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IRS financial report resolves longtime deficiency

Accounting Today

The IRS beefed up its information technology internal controls.

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Expense Management Software for Accurate Financial Reporting in Singapore

Counto

Expense Management Software for Accurate Financial Reporting in Singapore Managing expenses is vital for small businesses in Singapore to maintain financial health and comply with local regulations. Tax Compliance : Proper categorisation ensures all transactions are accurately recorded, essential for seamless tax reporting.

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FASB approves income tax reporting standard

Accounting Today

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

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