Accounting
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Trump Media fires auditing firm that U.S. regulators have charged with ‘massive fraud’
May 06, 2024 2:31 pm - NEW YORK — Trump Media and Technology Group, the owner of social networking site Truth Social, has fired an auditor that federal regulators recently charged with “massive...
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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
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Business owners: Get your ducks in a rowFeb 18, 2024 5:03 pm - There is so much going on in the world that business owners today are faced with, and even more things to digest to steer the course of their business to success. These ...
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Increased mandates on small businesses can be harmful to local economies, group saysFeb 18, 2024 6:00 am - Small and Main Street businesses drive our local economies. In Illinois, 88% of businesses have 19 or fewer employees and 96% have less than 100 employees. These same businesses employ more than 1.6 million workers.
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New law requires transparency in company ownershipFeb 18, 2024 5:57 am - An abundance of illegal activity is conducted in the shadows through small shell companies with fake owners, few employees and little legitimate reported income. This ha...
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Why more employers are embracing same-day pay for hourly workersFeb 18, 2024 5:08 am - Whenever I ask my clients if they've considered paying their employees within 24 hours after the work is performed, I always get a dubious look. But this attitude is cha...
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Federal courts now using intended tax loss, rather than ‘actual’ tax loss in sentencing tax crimesFeb 18, 2024 5:00 am - If you intentionally evade your tax obligations, you can spend time in prison. Typically, your prison sentence will be determined by analyzing the amount of tax loss you...
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BBB alert: Scammers strike hard as tax season opensFeb 04, 2024 6:00 am - The 2024 tax season began Jan. 29, so the Better Business Bureau is alerting the public to the schemes that con artists will use over the next several weeks to take your ...
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Tax season is under way. Here are some tips to navigate it.Feb 04, 2024 6:00 am - Tax season began Monday and for many people filing U.S. tax returns — especially those doing it for their first time — it can be a daunting task that’s often left to the ...
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How the accountant shortage is affecting businesses, marketsJan 14, 2024 6:45 am - The accounting industry is in a period of significant change. Although one could point to a number of factors driving this change, one of the most significant is the gen...