The recent sentencing of Jess Adams, the former treasurer for the City of Houston, Alaska, serves as a stark reminder of the vulnerabilities in financial management systems. Adams was handed
Former Illinois State Senator William McCann, Jr., has faced significant legal repercussions following his misuse of campaign funds, resulting in a prison sentence of 42 months and an order to
IntroductionFor many business owners, navigating the complex world of finance and taxation can be daunting. However, understanding the potential consequences of financial mismanagement is crucial. A recent case involving Keith
Facing an IRS audit can be intimidating for any business owner, but understanding the process and preparing adequately can help alleviate some of the stress. Here’s what you need to
Schedule C filers, the backbone of many small businesses and sole proprietors, face a daunting reality: they are statistically 3-10 times more likely to be audited by the IRS compared
In a notable case of tax evasion, Ronnie Lyn Drummond, an IT consultant from Brookland, Arkansas, has pleaded guilty to failing to fulfill his tax obligations. Drummond’s case underscores the
As a business owner, you may have heard about or even claimed the Employee Retention Credit (ERC), a pandemic-era tax relief measure designed to help businesses keep workers employed during
The IRS is set to intensify its audit activities thanks to an $80 billion boost from the Inflation Reduction Act. This funding aims to revitalize the agency, which has faced