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Kansas Business Owner Pleads Guilty to $2.2 Million Employment Tax Scheme

CPA Practice

A Kansas woman pleaded guilty on Sept 1, 2023, to willfully failing to account for and pay over employment taxes to the IRS. According to court documents and statements made in court, Sheryl Clanton of Bucyrus, Kansas, owned and operated McCorkendale Construction Inc.,

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Kansas Business Owner Pleads Guilty to $2.2 Million Employment Tax Scheme

CPA Practice

A Kansas woman pleaded guilty on Sept 1, 2023, to willfully failing to account for and pay over employment taxes to the IRS. According to court documents and statements made in court, Sheryl Clanton of Bucyrus, Kansas, owned and operated McCorkendale Construction Inc.,

Kansas 52
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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. They can help implement internal controls, review payroll processes, and provide guidance to minimize the risk of errors or discrepancies in future ERC claims.

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

But tax records show the now suspended Overland Park Police Officers Foundation, the charity for the Fraternal Order of Police, paid an Arizona marketing firm roughly three out of every four dollars that company raised for the Foundation. That’s all I’ve got for now.

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US Lawmakers Aim To Fix PPP Loophole That Could Cost SMBs Billions

PYMNTS

Congressional members from both parties said businesses taking loans from the Paycheck Protection Program (PPP) should be allowed to deduct related expenses, like payroll, from taxes. That could leave millions of small businesses without a lifeline for their next tax returns. which only has 15 employees. ”

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