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Tracy Coenen teaches a group about some of the most common red flags of financial statement fraud. More information on corporate fraud is available in Tracy's book, Essentials of Corporate Fraud.
Employment taxes are always scrutinized by the IRS and state taxing authorities, particularly in the healthcare industry. Audit issues include reclassification of workers from independent contractor to employee; an individual receiving both a Form W-2 and Form 1099 in the same calendar year; incorrect employment tax forms preparation; the failure to issue Forms 1099; and general non-compliance with Form W-9 record-keeping.
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Budgeting for nonprofit organizations involves unique considerations, especially for trade associations operating under section 501(c)(6) of the Internal Revenue Code. This nonprofit organization typically generates revenue from membership dues, events, sponsorships, subscriptions and program fees. Expenditures may include events, meetings, publications and other programs largely used to benefit members.
The order requires Equifax to comply with federal law, and Equifax must pay a $15 million civil money penalty, which will be deposited into the CFPBs victims relief fund.
In this installment on making our client agreements stronger, we want to discuss why we begin and end our agreements on specific dates. Many firm owners dont even worry about starting a contract with a client on a certain date, and many forget about an end date. Contracts that never end are called evergreen contracts and they are not good for business.
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In this installment on making our client agreements stronger, we want to discuss why we begin and end our agreements on specific dates. Many firm owners dont even worry about starting a contract with a client on a certain date, and many forget about an end date. Contracts that never end are called evergreen contracts and they are not good for business.
Senate Finance ranking memberRon Wydenand other committeeDemocrats are pressingScott Bessent to submit to anIRSaudit and release his tax filings ahead of the panels vote on his nomination Tuesday.
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Data from the U.S. Census Bureau shows that core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a record $994.1 billion, coming in ahead of the National Retail Federations forecast.
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As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
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The promotions are designed to drive investors, policymakers, and industry professionals to the campaign website,HelpUSRetire.org, where they can find research about.
Natasha Kosnac, chief audit officer of Unite Here, recently succeeded Peter Frank as president of the Accountants Club of America and she has plans for expanding the longtime club.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Randy Johnston and Brian Tankersley, CPA, explored CES 2025 in Las Vegas in January. In this second CES podcast, they highlight some of the most useful meeting technologies they saw at the conference.
On May 8, 1793, during the French Revolution, the French National Convention, in a collection of decrees, wrote: With great power comes great responsibility. Years later, in 2002, Stan Lee featured this quote in the first Spiderman movie, where Uncle Ben imparted these wise words to his young nephew, Peter Parker, just before Peter gained his superpowers.
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AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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