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Blog Articles & Video March 2023

Tax Fraud Blotter: Crowning achievements

Over-dependency; from one cell to another; the wrong kind of thinking green; and other highlights of recent tax cases. Boise, Idaho: Tax preparer Andres Sanchez, 33, has been found guilty of willfully aiding and assisting in the preparation and filing of six fraudulent returns for clients. The jury, which was

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Rectification Techniques to Fix QuickBooks Error OL-222

QuickBooks error OL-222 may arise in both Desktop and Online versions and indicate an import failure. Users may face considerable challenges working on QuickBooks when the file import stops suddenly. That is why we have brought this comprehensive guide to enlighten you about the error and ways to rectify it.

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How to Fix QuickBooks Error 9999 in Online Banking

QuickBooks Error 9999 is a script error in the browser that interrupts QB updates in the application. If you’re troubled by this issue, here’s a comprehensive guide to consider. Despite QB being an excellent application, these technical snags can be time-wasting and frustrating. Here’s a detailed practical guide to removing

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How to Resolve QuickBooks Error 377 While Banking Online

QuickBooks has recently updated its connections with various banks for improving efficiency and reliability of the services.  Major Banks like Chase, Bank of America, Wells Fargo, Citi Bank, and Capital One have already accepted the new connection method QuickBooks is using to connect with them. If you have not reconnected

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PCAOB warns about limitations on crypto proof of reserve reports

The Public Company Accounting Oversight Board issued an advisory Wednesday warning investors to exercise caution when it comes to the so-called “proof of reserve” reports that some cryptocurrency companies have been touting. The warning comes after a number of auditing firms have already stopped providing this limited form of assurance

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Companies prepare for SEC climate-related disclosures

Organizations are getting ready for the Securities and Exchange Commission to finalize the climate-related disclosure rule it proposed last year, or at least a scaled back version of it. A report released Tuesday by the Financial Education & Research Foundation, a research affiliate of Financial Executives International, and Persefoni, a

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Praxity sees global revenue grow to $8.77B

Praxity Global Alliance, an association of independent accounting, tax and advisory firms, reported record revenues for 2022 of $8.77 billion Monday, an 11.7% increase over 2021 at constant exchange rates.  The total represents the combined incomes of Praxity’s member firms in more than 120 countries. The alliance reported that its

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KPMG unveils scholarship program for underrepresented students

As part of its diversity, equity and inclusion initiatives, KPMG introduced a Tax Scholarship Program to allow students from underrepresented groups to continue their studies at the university of their choice.  A recent KPMG survey found that two-thirds of C-suite executives reported seeing more candidates from underrepresented backgrounds  enrolling in

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IRS warns of new tax season scam involving bogus W-2 claims

The Internal Revenue Service is cautioning taxpayers to beware of a new scam involving the Form W-2, in which fraudsters are urging people to use wage information on a tax return to claim false credits so they can score a big tax refund. One scheme that’s been circulating on social

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CohnReznick merges in Daszkal Bolton

CohnReznick, a Top 25 Firm based in New York, has expanded in Florida by adding Daszkal Bolton, a Regional Leader headquartered in Boca Raton, effective March 1. The merger represents the latest M&A deal for CohnReznick in Florida and other parts of the country. The firm now has approximately 350

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