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Accounting

Tax Day Arrives With Surge In Scams: How To Stay Safe Tax Day Arrives With Surge In Scams: How To Stay Safe
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…
Best Accounting Firm In Westchester County In 2024: Karpos & Associates Best Accounting Firm In Westchester County In 2024: Karpos & Associates
Best Accounting Firm In Westchester County In 2024: Karpos & Associates We are thrilled to announce that Karpos & Associates has been named Best Accounting Firm in Westchester County in the 2024 Daily Voice Readers' Choice Awards!  Karpos & Associates' level of personal attention has earned the firm a reputation for being more than just an accounting service—it's a financial partner for businesses and individuals alike, according to its website. “The founder and principal, Ben Ofori, is an outstanding CPA and a pleasure to work with,” said David, a Readers' Choice voter. Per the firm's website, Karpos & Associates, which specializes in everyth…
Former WWE CEO Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments Former WWE CEO Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments
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…
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
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…
Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter
Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter A Westchester-based accountant who admitted participating in a multi-million dollar tax evasion scheme with his partner was a volunteer firefighter who served for almost three decades, including during 9/11.  Certified public accountants New Jersey resident Jack Sardis, age 66, of Englewood Cliffs in Bergen County, and his partner, George Sanossian, age 70, of Scarsdale, both admitted to scheming with their clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions, the US Attorney's Office for the Southern District of…
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy $2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy Two New York accounting firm partners have pleaded guilty to a multi-million dollar tax evasion scheme.  Click here for a new, updated story - Update: Scarsdale-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Westchester County resident George Sanossian, age 70, of Scarsdale, and New Jersey resident Jack Sardis, age 66, of Englewood Cliffs, both certified public accountants, admitted to conspiracy to defraud the IRS by scheming with clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions.  The tw…