Latest Accounting, tax preparation and payroll services News

Key allegations, witnesses as Trump Org. trial winds down

Nov. 29, 2022 19:35 PM EST

NEW YORK (AP) — Former President Donald Trump’s inaugural address clocked in at just 16 minutes. Closing arguments are slated for Thursday in his company’s criminal tax fraud case? Prosecutors and defense lawyers say those could take seven hours or more. Those...

At Trump Org. fraud trial, defense rests and deflects blame

Nov. 28, 2022 17:54 PM EST

NEW YORK (AP) — The defense rested Monday at the Trump Organization’s criminal tax fraud trial after a contentious day in court, putting the case involving former President Donald Trump’s real estate empire on track for deliberations next week. Trump Organization lawyers...

Soldier killed in WWII to be buried in home state of WVa

Nov. 23, 2022 04:05 AM EST

CHARLESTON, W.Va. (AP) — A West Virginia soldier killed during World War II has been accounted for, the military said. Army Cpl. Joseph H. Gunnoe, 21, of Charleston, was reported missing in action in November 1944 in Germany. He was declared killed in action after the war, the...

Accountant testifies Trump claimed decade of huge tax losses

Nov. 22, 2022 19:24 PM EST

NEW YORK (AP) — Donald Trump reported losses on his tax returns every year for a decade, including nearly $700 million in 2009 and $200 million in 2010, his longtime accountant testified Tuesday, confirming long-held suspicions about the former president’s tax practices. Donald...

Prosecution rests in Trump Organization tax fraud case

Nov. 21, 2022 17:26 PM EST

NEW YORK (AP) — Prosecutors in the Trump Organization's criminal tax fraud trial rested their case Monday earlier than expected, pinning hopes for convicting Donald Trump’s company largely on the word of two top executives who cut deals before testifying that they schemed to avoid taxes on...

Japan's prime minister sacks 3rd minister in a month

Nov. 20, 2022 22:22 PM EST

TOKYO (AP) — The internal affairs minister in Japanese Prime Minister Fumio Kishida's government was forced into resigning over funding problems on Sunday, in a blow to the scandal-prone Cabinet that has already lost two ministers in one month. Minoru Terada has been under fire...

Ringleaders in massive COVID fraud extradited to US

Nov. 18, 2022 19:58 PM EST

LOS ANGELES (AP) — A Los Angeles couple who fled to Europe after being convicted of running a fraud ring that stole $18 million in COVID-19 aid money were returned to the United States to face prison, authorities announced Friday. Richard Ayvazyan and his wife, Marietta Terabelian,...

Remains of Kentucky soldier killed in Korean War identified

Nov. 18, 2022 14:55 PM EST

WHITESVILLE, Ky. (AP) — Officials have identified the remains of a western Kentucky soldier killed in a battle during the Korean War. Army Pfc. Robert A. Wright, 18, of Whitesville was accounted for earlier this year, the Defense POW/MIA Accounting Agency said Friday in a...

Trump Org.'s longtime CFO chokes up, says he betrayed trust

Nov. 17, 2022 16:21 PM EST

NEW YORK (AP) — Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family's trust by scheming to dodge taxes on $1.7 million in company-paid perks, including a Manhattan apartment and luxury cars. Allen Weisselberg, a...

Democrat Malia Cohen wins California state controller race

Nov. 16, 2022 14:36 PM EST

SACRAMENTO, Calif. (AP) — Democrat Malia Cohen has won the race for California controller, beating out a Republican who gave his party its best shot in years to end its losing streak in statewide elections. Cohen will become the state’s first Black controller, a role that...