Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses.
Read more...
Explore how accounting firms are embracing remote solutions, leveraging cloud technology, and enhancing client trust in the evolving digital landscape.
Read more...
This article explores the transformative impact of cloud technology on accounting practices, highlighting efficiency, security, and collaboration advantages.
Read more...
Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
Read more...
Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
Read more...
How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
Three Mississippi tax preparers have been sentenced to prison, part of a group of five preparers guilty of tax return fraud. The preparers caused a tax loss of more than $3.5 million.
Adam Earnest was sentenced to 100 months in prison, James Klish to 50 months in and John Wells to 15 months in prison. Each will also serve three years of supervised release and pay restitution to the United States, the amount to be determined later.
The three, who worked at the Sunbelt Tax Service in Jackson, Miss., were found guilty oof conspiring to defraud the United States by preparing false tax returns. Earnest and Randell were also convicted of preparing such returns.
Two other conspirators, Christopher Rendell and Jonathan Barefoot, who pleaded guilty to preparing and filing fast tax returns, will be sentenced later.
The preparers inflated clients’ claimed tax returns by reporting false education credits, itemized deductions and business profits or losses. They prepared thousands of fraudulent returns.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind