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AICPA Pushes for Tougher Action on ERC Cheats

CPA Practice

For the last two years, the American Institute of CPAs (AICPA) has diligently and consistently advocated on behalf of taxpayers and CPAs to the Internal Revenue Service (IRS) and the Department of the Treasury regarding unscrupulous third-party vendors promoting improper Employee Retention Credit (ERC) claims.

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AICPA News – Oct. 2023

CPA Practice

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

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AICPA News – Oct. 2023

CPA Practice

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

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Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

Going Concern

Attorney Damian Williams, George Sanossian agreed to conceal clients’ personal incomes and the wages they paid their employees, to reduce federal income taxes and payroll taxes. Members of the firm then cashed the checks, kept some of the money as fees and returned the rest to the clients.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

Louis Business Journal ] One of the region’s largest accounting firms has named Missy Kelley, the former head of downtown booster organization Downtown STL Inc., to the new position of chief growth officer. “I have noticed in my 20-plus-year career as a partner that productivity has consistently continued to drop.