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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Wade is accused of failing to perform the work he’d been paid for by multiple clients, which included bookkeeping, tax preparation and filing, payroll work, and more, according to police. Fike, of Winchester, did bookkeeping work for J.M. and her family. lived in Lexington at the time but later moved to South Carolina.

Account 117
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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary. The scam reportedly lasted about five years, and the former bookkeeper has now been charged with felony theft. According to local Kentucky Today reports, $1.5

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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

In Kentucky, employers are required to withhold an Occupational Tax from employees’ wages. Nellie and her team recently launched a partner program for accountants, bookkeepers, CPAs, and other professionals to help streamline their clients’ business incorporation and compliance process. Get more info at CorpNet.com/partners.

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OnDeck Channels Accountants For SME Funding

PYMNTS

While the tool initially launched in March , reports said OnDeck expanded this aspect of its operations this month across Kentucky, Florida and Alabama. Accountants, CPAs and bookkeepers are all qualified to take part in the program; so far, more than 100 accountants have signed up for the tool, according to reports.

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