In celebration of National Small Business Week, ADP recently gathered insights from nearly 18,000 small business owners across the U.S. Their feedback—rich with practical advice and hard-earned wisdom—provides a timely opportunity for accounting professionals to better understand the mindset of today’s small business leaders. For accountants serving small businesses, this data isn’t just informative—it’s actionable. From HR strategy to compliance…
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Explore strategies for CPA firms to adapt to hybrid work models, including leveraging technology, enhancing cybersecurity, and fostering trust.
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Explore how technology is reshaping accounting with AI, cloud computing, and blockchain, enhancing efficiency and security in financial processes.
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Learn about the latest IRS cryptocurrency tax regulations, and how firms are adapting to maintain compliance within the rapidly evolving digital currency landscape.
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Explore the current trends in e-commerce sales tax regulations and how businesses are navigating these complex requirements with the help of technology and strategic planning.
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The issues surrounding payroll have changed dramatically over the last two years. With a significant percentage of the population working away from the office—and like to stay away, many businesses now have a work force in more than one state, meaning tax compliance is more complicated. The Great Resignation in which millions have changed or are changing jobs having clients asking…
A tax preparation company whose Facebook page a year ago offered free help to clients who felt they were cheated by a competitor has been on the receiving end in the last few months. A federal court has been asked to bar John Newlin, owner of Quick Sam Tax Refund of Gary, Ind., from preparing federal tax returns for others after the Internal Revenue Service said it found 96 percent of the returns prepared by the business had deficiences. Four former Quick Same return preparers have already pleaded quilty to tax-related crimes.
Problems in the returns prepared by Quick Sam may have cost the government more than $35 million.The complaint alleges the company promised customers the largest possible returns but delivered that by fabricatin business expenses, claiming improper tax credits and reporting fictitious dependents to increase customers' tax refunds illegally. Newlin and Quick Sam allegedly give bonuses to employees for these actions.
Ironically, in January 2011, QuickSam's Facebook page carried a link to a story about customers who believed they were cheated by the local Instant Tax Service. The government has sought to close down that company, the nation's fourth largest chain, and brought complaints against five of its franchisees.
The former Quick Sam preparers who pleaded guilty were identified as Charles Standifer, Rhonda Murphy, Chanel Bandy and Brittaney Walker-Lipsey.
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