by elkpt_QvXt938 | Sep 6, 2018 | Accounting, Latest News
As an accounting office that provides tax preparation services we see some “interesting” entries in clients Quickbooks files each year. What one client may view as a “marketing” expense an accountant may view as “meals and entertainment”. We have seen partial month...
by elkpt_QvXt938 | Sep 5, 2018 | Fraud, Latest News
The United States Banking System is one of the most regulated and supervised industries in the Country. Yet, this industry still accounts for a median loss of $110,000 due to fraud. The Federal Reserve supervises the “Safety and Soundness” of banking institutions,...
by elkpt_QvXt938 | Sep 4, 2018 | Events, Latest News
We are often asked why our venue requires its renters to provide additional liability insurance. Many feel that the venue should carry this as a cost of doing business. While the venue does carry insurance, our insurance company requires our renters to provide...
by elkpt_QvXt938 | Sep 4, 2018 | Accounting, Latest News
In a 2015 blog post it was estimated that Quickbooks held an 80% share of the accounting software market space. Quickbooks has broken its business into two market segments. The 400,000 accountants that serve small business, and the 5 million small businesses that use...
by elkpt_QvXt938 | Aug 9, 2018 | Fraud, Latest News
The term “audit” has taken on an almost generic quality. However, words have meaning and what people think an “audit” does in the public accounting space does not mean what most people think it does. Whenever a fraud occurs and makes the press the masses scream that...
by elkpt_QvXt938 | Aug 8, 2018 | Fraud, Latest News
You see the headlines in the news all the time. “Some employee from some business or public entity has stolen a considerable sum of money”. At some point the spokesperson for the business or public entity will admit that their annual audit failed to find the fraud. ...
