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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

TPB slaps 5-year ban on accountant involved in $26m fraud [ Accountants Daily ] The Tax Practitioners Board has slapped a five-year ban on a Sydney accountant charged with stealing $26 million through his firm to fund a lavish lifestyle and gambling addiction.

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Friday Footnotes: KPMG Pays High Schoolers 20 Bucks an Hour; Deloitte Cyberattacked Too; IRS on ERC | 7.28.23

Going Concern

According to his plea agreement, Fulton and his company provided bookkeeping, accounting, and tax preparation services for Wayne Joseph Nix, 46, of Newport Coast, a former minor-league baseball player who for nearly 20 years ran an illegal bookmaking business.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

The demand for virtual bookkeeping assistants are on the rise, as these professional independent contractors can remotely manage the day-to-day finances of a firm, such as preparing balance sheets. So that’s not a scripted set of results, yet it is known prior to the event, and gambling is legal on the Oscars.

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What You Need to Know About Xero Data Backup With Acterys

Acterys

Instead of gambling with outdated processes and systems, businesses need simple, automated solutions that protect their data and make it readily available. Anyone who relies on solutions such as Xero — including business owners, financial accountants, bookkeepers and data analysts — should have access to the same data in backup systems.

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Tax Tips for Accountants With Gambling Clients

CPA Practice

The legalization of sports betting and online gambling has led to an explosion in gaming across America. With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. Gambling losses can be deducted above the line as business expenses.

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Fourteen People Who Inspired Future Tax Criminals in 2022

Going Concern

Pretty sure some of these people showed up in Accountants Behaving Badly , an irregular feature we publish here when Google News results become full of accountant and bookkeeper headshots. Burnell, instead, spent the money on gambling and luxury items, including private jet trips, designer merchandise and luxury cars. million.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

He owns Coss Bookkeeping & Accounting and is the registered agent of numerous other businesses, state business records show. Although Stewart used most of the money for the purported deal, he spent $355,000 of the money obtained from the investors on his own personal expenses, including mortgage payments, trips to Las Vegas, and gambling.

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