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How to Recognize and Prevent Five Common Forms of Occupational Fraud

CPA Practice

One of the primary ways companies can protect against cash misappropriation is through establishing proper oversight of employees who have access to bank information, record sales, accept and deposit cash receipts, reconcile bank accounts and enter/approve new vendors.

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Expense Reimbursement vs Company Credit Cards: What Skagit County Business Owners Need to Decide

SkagitCountyTaxServices

You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc. Now, let’s dive into handling business expenses paid by employees. Use tax is a tax you’re supposed to pay when sales tax wasn’t paid on items used in your Mount Vernon business. or using a company cc.

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2024 Tax Reporting Tips for Resort Employers: Worker Classification and Navigating 1099 Requirements

Withum

Expense Reimbursement: Employees are generally reimbursed for business expenses, while independent contractors are not. Direct Sales Reporting: If your business made direct sales of at least $5,000 of consumer products to a buyer for resale, this must be reported on Form 1099-NEC.

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Same as It Ever Was: IRS Reconfirms Prohibition, Consequences of Health FSA and DCAP Substantiation Shortcuts

ThomsonReuters

29, 2023) Available at [link] The IRS Chief Counsel’s office has released a memorandum that addresses the substantiation requirements for medical and dependent care expenses and the consequences of various substantiation shortcuts. IRS Chief Counsel Memorandum 202317020 (Mar. The memo addresses six situations.

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Business apps: Everything you need to know

Xero

The report analysed aggregated anonymised data from over 300,000 small businesses on the Xero platform and found that businesses in Australia, New Zealand, and the UK with five or more apps grew their sales by 4.3% during 2020, while those without apps saw a decline of 3.4%. . Apps help businesses save time.

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Power Platform Fundamentals: Discover What’s Possible

Withum

Quickly build visual dashboards with drill-down and natural language capabilities for professional services utilization tracking, software adoption, project management, employee wellbeing and donation and sales pipeline reporting. Watch Webinar. Digital and Technology Transformation Services. Contact Us.

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Innovating To Capture Value, While Stemming Losses 

PYMNTS

And inefficiency exacts higher costs than the money that dribbles out the door – there are also the invisible losses of sales never made due to a bad consumer experience , and opportunities never pursued for lack of innovation. involving expense reimbursement. involving expense reimbursement.