Wed.Sep 22, 2021

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3 Ways Fraud Experts Use Data Analytics

RogerRossmeisl

Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest employees. These are three common ways fraud experts use data analytics: 1. Association analysis This method can help identify suspicious relationships by quantifying the odds of a combination of data points occurring together.

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Small Business Tax Credit Updates Skagit County Owners Will Want to Consider

SkagitCountyTaxServices

I wanted you to know about something that came across my desk the other day because it is potentially very good news… Not many are talking about this, but there have been some MAJOR new Economic Injury Disaster Loan (EIDL) program updates from the SBA… New $2 million maximum loan size (This is WAY higher than the previous limits). Essentially, if you received an EIDL under the old limits you can apply for loan increases within the EIDL Portal on the SBA website.

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Present Value of Damages

FraudFiles

In this video, Tracy explains damage calculations, and how sometimes we have to calculate the present value of those damages. What is present value? And why do we do this?

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Flexible Has Become Our Culture

RitaKeller

“I am a man of fixed and unbending principles, the first of which is to be flexible at all times.” – Everett Dirksen. Even before the pandemic, accounting firms were figuring out how to offer employees more flexibility and still maintain the level of production to meet the needs of the firm and the clients. My question is, is there danger in becoming too flexible?

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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3 benefits of a centralized tax data warehouse for corporate income tax

ThomsonReuters

Tax compliance — and the reporting involved in maintaining that compliance — is one of the most stressful tasks a corporate tax team must complete. In addition to filing returns for the federal government, as well as every state and locality in which it does business, a corporation may also be required to report sales and use taxes and much more. The penalties for failing to comply with any of these reporting requirements can include interest and fines, or even the loss of the organization’s abi