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More than 24,000 fraudulent tax returns were filed in 2015 using a prisoner’s Social Security Number, claiming refunds totaling over $1.3 billion, according to a new report. The report, from the Treasury Inspector General for Tax Administration, found the IRS did not screen and verify many prisoner tax returns for signs of fraud. TIGTA identified […]
Darren Root, founder of accounting firm membership network Rootworks, has created a new software platform called Liscio. The product is a “client experience platform” designed to facilitate the full spectrum of front-end client-firm interaction. The Liscio platform features client on-boarding, signature capture, client messaging, information requests and other front-stage capabilities. “We know that many firms […]
Qvinci Software, which makes cloud-based financial data consolidation software, has been awarded a patent for its technology in Australia. This patent marks the Austin, Texas-based company’s first entry into the Australian market. Qvinci’s solutions integrate with QuickBooks, Xero, MYOB and Excel to consolidate financial data and perform syncing, mapping, reporting, business intelligence and workflow management […]
ZipBooks adds transaction types to software, and prepares to generate 1099 forms by end of year ZipBooks has added three new create buttons to the transactions section. Instead of clicking the green “plus” button to create a new transaction, it now expands out to allow the user to create an expense, deposit, transfer, or custom […]
New York Sax Wealth Advisors acquires Sterling Portfolio Management Details: Sax Wealth Advisors, a subsidiary of the accounting firm Sax LLP, has acquired Sterling Porfolio Management, a wealth management firm based in Tuxedo, N.Y. Financial terms of the deal were not disclosed. Sterling founder Gregory Duffy has grown his firm to nearly $40 million in […]
The New York State Society of CPAs announced this week that they will hold their 2017 NextGen Conference at the Citi Executive Conference Center in Manhattan on July 24. The annual conference looks to offer professionals, both old and new, advice on career advancement, professional networking and leadership paths to ensure further success in their […]
The Internal Revenue Service has introduced an email feature that enables taxpayers to get notifications in their personal email accounts about their payments using IRS Direct Pay or the Electronic Federal Tax Payment System. In an email to tax professionals Friday, the IRS said tax clients can now opt into the new system. “Your clients […]
With the new revenue recognition standard taking effect next year, companies and their investors are bound to see some dramatic changes in the topline numbers being reported. The Financial Accounting Standards Board and the International Accounting Standards Board have done their best to harmonize their revenue recognition standards, and prepare accountants, investors and companies for […]
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