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Thursday, jun 4
Tag:
Accounting
News
Tax Day Arrives With Surge In Scams: How To Stay Safe
As the tax filing deadline arrives on Wednesday, April 15, the IRS is urging taxpayers to remain vigilant against a wave of increasingly sophisticated scams. Fraudsters are employing new technology, including Artificial Intelligence, to deceive taxpayers and steal personal information or money. Here are the top scams to watch out for as the deadline nears: AI-Powered Impersonation Scams Voice Cloning, Fake Videos: Scammers are using AI to mimic the voices of IRS officials or create fake videos, making their calls and messages appear more credible and urgent. AI-Generated Phishing: AI e…
Sports
Former WWE CEO Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments
World Wrestling Entertainment founder Vince McMahon will pay more than $1.7 million after he was accused of not disclosing payment agreements related to sexual misconduct with two women, officials said. McMahon, WWE's former executive chairman and CEO, reached the agreement related to charges from the Securities and Exchange Commission, the federal agency said in a news release on Friday, Jan. 10. The SEC said McMahon concealed the "hush money" payments, creating discrepancies in WWE's financial reports. McMahon agreed to pay a $400,000 civil penalty and reimburse $1,330…
News
DMV Jeopardy! Stars Stumble: Tough Week Under Bright Lights Ends In Defeat
Who is... The DMV's Best? Turns out none of them after falling flat under the bright Jeopardy! lights. Three local contestants from Maryland and Virginia stepped up to the podium, but all three went home empty-handed, leaving the DMV without a champion. The week kicked off on Monday, Dec. 9, with Vienna ESL teacher Lisa O'Donnell taking on Boston's Bill McKinney, a vice president of restaurants and bars. McKinney cruised through the competition, winning a few games before his controversial exit on Friday. On Wednesday, Hyattsville tax accountant Sam Nguyen couldn’t clinch a victory, while …
Business
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
A Macy’s employee misstated up to $154 million in delivery expenses over several years, the company just said. The development forced the retailer to delay its third-quarter earnings report. The employee, whose name has not been released, has been fired. According to the company, the employee responsible for accounting small package delivery expenses made erroneous accrual entries to conceal the costs from the fourth quarter of 2021 through the most recent quarter. During that time, Macy’s reported a total of $4.36 billion in delivery expenses. The company conducted an independent investi…