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Putnam Lake
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Monday, jun 8
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…
Readers Choice
Best Accounting Firm In The Hudson Valley In 2024: Jack G. Reilly CPA PC
We are thrilled to announce that Jack G. Reilly CPA PC has been named Best Accounting Firm in the Hudson Valley in the 2024 Daily Voice Readers' Choice Awards! “I’ve been going here for years to get my taxes done," said Meghan, a Readers' Choice voter. "JoAnn is the best in the business! She is attentive, knowledgeable, and personable.” “Mimi is wonderful—her attention to detail and client interaction is head and shoulders above the rest,” said another voter. Congratulations to Jack G. Reilly CPA PC! The accounting firm is at 32 Lake Rd. in Congers. Call (845) 268-5415 for more infor…
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…
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…
News
$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…
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