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A Complete Guide to Reading Financial Statements

xendoo

With little experience in reading financial statements, this request makes you freeze in your tracks, uncertain of how to express the success of your growing business. If this scenario sounds in any way relatable, it’s time to become more familiar with the process of reading financial statements. Cash flow statements.

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Errors in Posting Payroll

SMBAccountant

Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. This typically happens in at least 2 withdrawals; net pay and payroll taxes. From a cursory look, it would seem simple.

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What’s the Big Deal About Financial Statement Fraud

FraudFiles

The manipulation of a company’s financial statements does not occur as often as asset misappropriation schemes like payroll fraud, check kiting, or inventory theft. And the losses from financial statement fraud aren’t readily apparent to most people. Stock price becomes inflated. Banks call loans.

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CPE Webcast May 17, 2023: How To Analyze Any Company’s Financial Statements in 7 Minutes or Less

CPA Practice

Mike is an army Veteran and an MBA from Baylor University, and is mostly known for: Being the author of two books: The 7 Minute Conversation, and Don’t Be A DUMB Business Owner – both focused on using financial statements to find hidden cash in your business.

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Payroll Auditing 101 for Trustees of Multiemployer Plans

Withum

Payroll Audit Basics for Trustees. Payroll compliance audits perform a central role in this regard. Level Playing Field: payroll audits help trustees differentiate problematic employers from the rest. In these cases, they should direct the payroll auditor to test employers with known or suspected delinquency issues.

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Payroll Tax Problems : Employment 941/940 tax representation

MyIRSRelief

If you are facing payroll tax problems, then you have a serious issue on your hands. A good starting point is understanding how payroll tax problems can begin. 941/940 Payroll Tax Employment Issues. This means having to keep track of all payroll and the appropriate taxes that must be withheld.

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How to Recognize and Prevent Five Common Forms of Occupational Fraud

CPA Practice

Financial Statement Manipulation Manipulation of financial statements is another common form of fraud. To identify financial statement fraud, organizations should conduct variance analyses, benchmarking and regular review of financial statements.