Updated July 22, 2015 Commingling Funds Chicago Illinois Tax fraud, commingling funds, and potential audit problems If you have more than one taxpaying entity, the entities must be kept completely separate. A corporation, for example, is a living,...
Updated July 22, 2015 Tax Accountant Ethics Chicago Illinois Ethical responsibilities and duties of accountants and CPAs to the public interest We are the watchdogs that maintain the veracity of the entire financial system of America. Whenever there has...
Updated July 23, 2015 CPA Accountant Ethics in Chicago Illinois Ethical responsibilities of CPAs and tax accountants to the client We have an ethical responsibility to protect our clients produce financial statements and tax returns to the best of our ability after...
Updated July 23, 2015 Tax Evasion in Chicago Illinois Discipline versus tax evasion and tax evasion delusions One of the basic laws of the world of auditing is that companies that are disciplined make more money on a consistent basis, than companies that...
Updated July 22, 2015 IRS Red Flags Chicago Illinois Red flag fraud detected in using aggressive accounting The Internal Revenue Service has a fraud detection system which they are constantly refining. They have never, to my knowledge, disclosed...
