An accountant working at a Georgia-based wealth management firm pleaded guilty to embezzling $800,000 from an elderly client suffering from dementia. Heidi Royal, 52, of Dallas, Georgia, an accounting manager and bill pay supervisor at Homrich Berg in Atlanta, pleaded guilty to wire fraud and aggravated identity theft, the Justice
The ‘Great Resignation‘ has been a hot topic of discussion in accounting firms, and all businesses, around the country. People are leaving their current jobs — not just for other firms, but for other careers. Unfortunately, this isn’t a short-term problem. Talent is more limited than it has been in
The firm, Mazars USA, said in a letter that it could no longer stand behind the annual statements, which are central to an investigation by the New York attorney general.
Many of you have helped your clients, generally, prepare for retirement, but have they given thought to how their spending will change once this happens? and annual bonus. When they filed their taxes you let them know if they were getting a refund or needed to send in an additional
One of the most prominent features of QuickBooks is the QB Payroll. This highly-used component allows business organizations to track and maintain a clear picture of their employee-related funds, along with their taxes, paycheck, etc. Apart from this, payroll also has an infamous category of errors known as the PS
QuickBooks is a renowned application that supports the accounting and bookkeeping needs of small to medium-sized business organizations. However, there are certain gaps in the coding of this heavy program that could result in complicated errors. QuickBooks Error 15263 is one of them. This issue arises when the user is
If you have ever encountered an error while using QuickBooks, you know how time-consuming and frustrating resolving these errors can be. There are many different types of QuickBooks error codes that one can encounter while working with QuickBooks on Windows and Mac operating systems. These common QuickBooks errors can be
Kelly Richmond Pope, a documentary filmmaker and accounting professor at DePaul University in Chicago, wants to transform the way accounting is taught. She recently began teaching an Intro to Financial Accounting online course on Outlier.org. The college-level, for-credit course uses some of the lessons from her 2017 documentary, All the
The many different tax benefits available to your clients largely depend on having one or more dependents. To start with, Section 151 allows personal exemptions, which are not currently available. However, the definition of “dependent” found in Section 152 is still important in these years. A seasoned tax professional may
The shift to remote work due to the COVID-19 pandemic has given employers and employees increased flexibility in when, where and how work is performed. Because many companies have now implemented permanent remote-work policies, accountants should be aware of the tax implications of such a work structure for both employers
