QuickBooks is a robust application designed to serve various business needs, including payroll processing. Errors are quite common while using the app, and most of the errors arise while updating the app and its features. QuickBooks, however, notify users to follow the recommended procedure to avoid such errors, and when
Are you running into an error that displays an error message, “An internal file in QuickBooks has become unreadable [PS107]” while downloading and installing QuickBooks payroll updates? If yes, then this indicates damaged or corrupt QuickBooks installation files. Once a file gets corrupt, it becomes unreadable and inoperable to the
Mortgaged to the hilt; pocketing the difference; prison schmison; and other highlights of recent tax cases. Pemberton, New Jersey: Mortgage underwriter John Barry Jr. has been sentenced to 12 years in prison for helping others file false returns claiming large refunds from the IRS, for obstructing the IRS’s efforts to
Financial and ERG reporting platform developer Workiva has acquired AuditNet, a global provider of audit content and services. Terms of the deal were not disclosed. AuditNet’s online portal gives more than 160,000 internal audit practitioners around the world access to content, resources, audit program tools and template. “Digital communities like
The Financial Accounting Standards Board has added two new chapter to its Conceptual Framework. Issued as “concept statements,” the chapters cover the elements of financial statements, and their presentation. Richard Jones “The new chapters of the Conceptual Framework address two important areas of financial reporting: financial statement elements and presentation,”
Grant Thornton elects new members of its partnership board; Virginia names its Women to Watch; a large number of firms get named to AM Best’s list of the top audit and actuarial firms in the insurance space; Armanino’s new Accelerated Path to Partner program; and other firm and personnel news
In times of crisis, leaders are gifted with the opportunity to lean into new ways of thinking about their business. Amidst the financial crisis, the Big Four firms outsourced routine, non-complex work to “delivery centers” in low-cost jurisdictions. The objective was primarily to improve the bottom-line by reducing costs. Over
After the maintenance release, 5 (R5) for QuickBooks 2021, payroll users using Direct Deposit to pay their employees are required to update their account information as per the New Federal Compliance Rules. Users will need to update the Principal Officer, Address, Physical Address, SSN, and other business info before a
While many firms understand the need for automation, they’ve yet to implement the required solutions and don’t always know where to start. This delay can wind up costing your firm for years to come in the form of high turnover, hindered growth and lost revenue. In other words, don’t just
If you’re just joining us, parts one and two of this series discussed Internal Revenue Code Section 6672. The law allows the IRS to assess penalties equal to 100 percent of the amounts due against individuals who are responsible for collecting or paying withheld taxes and who willfully fail to collect
