The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.
Day: August 29, 2024
Tax Fraud Blotter: Place your bets
Close personal relationships; home is where the scam is; tort trouble; and other highlights of recent tax cases.
FinCEN final rule lessens impact on small registered investment advisers
Treasury’s Financial Crimes Enforcement Network estimates the rule will require about 200 previously unaffected small RIAs to participate in FinCEN’s anti-money-laundering and terrorism programs. The number of affected RIAs is lower than the proposed rule’s estimate.
Wipfli grows revenue 8%
The Top 20 Firm reported $590 million net revenue in FY 2024.
IRS policies may help multinationals avoid U.S. taxes
TIGTA recommended that the IRS review its procedures for examining for large complex taxpayers.
How CPAs can bring order to a disorderly world
A tech-savvy vision will help accountants use their skills to generate data, analyze problems, and instill order that begets trust.
Sage Copilot AI aims to pair power and simplicity
Sage’s new generative AI Copilot solution, set for U.S. release later this year, is meant to make powerful automation capacities more accessible.