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Blog Articles & Video May 2023

IRS knowledge-sharing program needs more work

The Internal Revenue Service’s Knowledge Management Program for disseminating employee advice and information has been difficult to use, and the employees who are supposed to be subject matter experts don’t always have the necessary experience, according to a new report. The report, released Monday by the Treasury Inspector General for

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How To Resolve This Company File Needs to be Updated Error

This company file needs to be updated, a message many users have come across recently. So let’s look into this blog and understand what this message entails and how to troubleshoot it successfully. Suppose you upgraded your QuickBooks Desktop to the latest version. You might notice error messages like “This

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University wins Deloitte student audit challenge

Deloitte completed its eight annual Audit Innovation Campus Challenge, awarding University of Nebraska-Lincoln students first place for their audit project. The AICC challenge promotes innovative accounting education across the U.S. by encouraging universities to keep up with emerging technologies and changing trends within the audit field. The program, hosted by

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IIA proposes legislation for auditing crypto exchanges

The Institute of Internal Auditors sent Congress a legislative proposal recommending that all cryptocurrency exchanges operating in the U.S. should possess an independent internal audit function to provide objective assurance over their internal controls. The proposal comes after the high-profile collapse last year of the crypto exchange FTX and other

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M&A roundup: Schneider Downs expands

Schulman Lobel LLP, a New York-based accounting firm, acquired the tax compliance division of DFP Partners, and merged with Tanton Grubman CPAs LLP and Steinberg Shebairo LLP, also in New York. The three recent mergers and acquisitions added over $7 million in billings and more than 30 new employees to

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An Overview into QuickBooks Reconciliation Problems and Solutions

QuickBooks reconciliation problems may arise while users compare their documents to verify accuracy. If you’re troubled by these issues, we have brought this in-depth guide to help you understand the error. Reconciliation is when the transactions entered by the user are matched with your bank or credit card report of

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Tax Fraud Blotter: Easy money

No prize in the box; slick; Pacific time; and other highlights of recent tax cases. Vancouver, Washington: Saul Valdez, owner of a business that offered immigrants a variety of services, has pleaded guilty to tax fraud. An unlicensed tax preparer, he led his immigrant customers to believe he was filling

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Resolve QuickBooks Error 6000 with Expert-Recommended Solutions

QuickBooks error 6000 causes bumps when users try opening their company files. The error makes accessing the company file in both local and network setups challenging. If the 6000-series errors constantly flash and interrupt your productivity, we suggest you read this blog until the end and find immediate and effective

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