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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets.

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The Difference between Bookkeeping and Accounting

SMBAccountant

Auditors provide opinions on the accuracy and reasonableness of financial statements. Forensic accountants research financial transactions to uncover fraud. Managerial accountants work to collect and compile data used to make management decisions. to review performance and profitability.

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Guide to accountant responsibilities

ThomsonReuters

Examining financial documents and financial transactions to ensure compliance and rectify any discrepancies. Preparing tax returns. Types of accountants and niche practice areas There are, of course, various types of accountant jobs and areas of specialty. Recording disbursements and payments.

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Sources of Information for Fraud Investigations

FraudFiles

The best forensic accountants and fraud investigators are able to find additional sources of information to help crack the case. Information that was likely thought of as obscure and difficult to find a couple of decades ago is now right at the fingertips of the forensic accountant. Private records.

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Why SMB Lenders Need Straight Through Data

PYMNTS

The package must include the laundry list of financial records lenders want to review: balance sheets and financial statements, bank statements, tax returns, accounts payable and receivable and details about the vendors on those lists, as well as details about outstanding loans and tax returns.

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The Role Of An Accountant: A Guide To Today’s Accountant’s Roles, Duties, And Responsibilities

Snyder

Hop on reading to learn more about the role of an accountant: 1. Accountants: a quick job description 2. Different types of accounting careers Public accountant Corporate accountant Forensic accountant Governmental accountant 3. What influences the change in accountants’ role and functions?

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

Trump tax controversy fuels passage of presidential audits bill [ POLITICO ]. Bit of a long read but interesting nonetheless: When Congress’ Joint Committee on Taxation investigated the IRS audits of Donald Trump’s taxes, an agent’s note on Trump’s 2017 filings stood out.

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