Explore the transformative impact of AI on the accounting industry, highlighting automation, predictive analytics, and the evolving role of accounting professionals.
Read more...
Explore essential strategies for accounting firms to successfully embrace remote work. Learn about the role of technology, employee wellness, and flexible work arrangements.
Read more...
Discover how AI innovations are transforming accounting technology, offering enhanced efficiency, precision, and strategic insights for modern accounting firms.
Read more...
Discover the challenges and solutions in sales tax compliance for businesses in the U.S. amidst new regulatory changes. Explore how technology and expert consulting are aiding compliance.
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,…
An Arizona tax preparer has pleaded guilty to using an abusive-trust tax scheme to shelter more than $60 million in income from the Internal Revenue Service.
From 2017 to 2013, Kent Ellsworth, operated Ellsworth Stauffer P.C, pleaded guilty to two counts of tax return fraud for more than 500 false tax returns for about 60 clients nationwide filed from 2017 through 2013. This cost the IRS a tax loss of about $17 million.
Clients, largely business owners, were directed to to assign or “donate” nearly all of their income to sham trusts and a so-called “private family foundation” to create the illusion that the income was not theirs. However, these were nothing more than bank accounts designed to hold funds the clients earned and continued to control.
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
An Arizona tax preparer has pleaded guilty to using an abusive-trust tax scheme to shelter more than $60 million in income from the Internal Revenue Service.
