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Preparing Your Client for a Tax Audit: Walking the Taxpayer Through IRS Audits 101

CTP

One of the many roles we play as tax planners is as the taxpayers audit support system. Just the word audit can cause the typical taxpayer to panic. We can help reduce taxpayer stress by orienting them to audit basics long before that notice comes in the mail. billion of potentially fraudulent ERC claims.

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Accuracy, Accuracy, Accuracy: 3 Best Practices for Supporting Your Client in a Tax Audit

CTP

Despite your best efforts as a tax planner, your client may still end up facing an audit. Since some audits are randomly chosen, this is an unavoidable reality for those of us in the tax field. The question is: what is our role when it comes to supporting our clients through an audit? Where do our responsibilities begin and end?

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How to Use Acterys for Power BI Write-Back

Acterys

Data Governance: Use role-based access controls, version tracking, and audit trails to ensure data integrity while maintaining transparency. Approval workflows to validate changes and maintain a clear audit trail. Audit trails that help determine who changed what and when. The Benefits: Immediate updates across all dashboards.

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Mastercard Begins Offering B2B Blockchain Tech

PYMNTS

Initially, the technology will be made available for B2B transactions, specifically to address the demands of cross-border payments. At the same time, the blockchain guarantees that there is “a fully auditable and valid ledger of transactions.”. On Friday (Oct. Mastercard is not the only firm delving into blockchain.

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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

As Travelex works to regain control of its systems, restore operations and mitigate any future fallout from the incident, the cyberattack is yet another reminder that one company’s cyber vulnerabilities can have far-reaching effects throughout the B2B supply chain. Reports said the former finance director allegedly stole $1.5

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PayStand Taps Blockchain For B2B Payments Certification

PYMNTS

Blockchain technology could have major implications for B2B payments, and some of the top use cases for distributed ledger include cross-border payments and smart contracts. B2B payments company PayStand has another possibility for the tool. An announcement Wednesday (Oct. ”

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Pandemic Wake-Up Call Drives Integrated B2B Platforms

PYMNTS

Manual invoicing is your worst enemy,” said Ramachandran, highlighting its risks and challenges related to fraud, errors and inefficient auditing. Among the largest is the ongoing use of paper and manual workflows like invoice processing.

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