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

CTP

Our clients should know the reasons they might be selected for an audit, how they will find out they are being audited, and what an IRS auditor might ask for. Preparing to Meet IRS Requests The most common request from an auditor is for verification of claims made on our clients tax return.

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

CTP

As a result, my client did not sign the release, and the auditor never actually audited them. We had prepared binders and binders of documentation for that audit, and the auditor had all that documentation in his possession, but months passed before he did anything with it.

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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. An announcement Wednesday (Oct.

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B2B Payments’ Is Dotted And Ts Crossed, Securely

PYMNTS

In a move that helps cement B2B payments within the realm of secure transactions, PayStand, a B2B payment and billing company, has given firms the ability to notarize and also certify payments across the supply chain. Blockchain. It’s not just for banks anymore. Most recordkeeping, he said, remains tied to paper and email.

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Blockchain Believers Remain Bullish On B2B Payments Disruption: PayPie

PYMNTS

As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. Analysts point to the challenges associated with adoption and implementation of blockchain-powered B2B payment solutions as a key hurdle for the technology.

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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud

PYMNTS

As the fallout from Wirecard ‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). While the auditor’s findings ultimately led to Wirecard’s downfall, the firm itself is also facing criticism for failing to draw conclusions earlier.

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Pressure Mounts On Big Four Auditors

PYMNTS

Former ASIC Chairman Greg Medcraft warned that declining audit quality runs the risk of high-profile corporate collapses, pointing to the Enron scandal that went undetected by auditors — described as the “gatekeepers” that “facilitate trust,” Medcraft said. Auditors are not skeptical enough. Global Pressure. According to the U.K.

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