Latest Accounting, tax preparation and payroll services News

Services for Oklahoma soldier missing since 1950 in Korea

Oct. 20, 2020 11:20 AM EDT

MADILL, Okla. (AP) — Funeral services are scheduled on Saturday for an Oklahoma soldier missing in North Korea since 1950 and whose remains were identified in 2019. Services and burial will be held in Madill for Army Sgt. Kenneth Walker, the U.S. Army said in a statement Tuesday. Walker, from Madill, was...

Editorial Roundup: Pennsylvania

Oct. 14, 2020 4:35 PM EDT

Recent editorials of statewide and national interest from Pennsylvania’s newspapers: City shouldn’t have to sue for gun safety The Citizens’ Voice Oct. 10 With nearly three months remaining in 2020, six murders Monday in Philadelphia pushed this year’s homicide total, 366, beyond the...

Epic Charter Schools must repay $11.2M in taxpayer funding

Oct. 13, 2020 4:06 PM EDT

OKLAHOMA CITY (AP) — The Oklahoma State Board of Education voted unanimously to demand Epic Charter Schools to pay $11.2 million in state funds that auditors say was illegally used and falsely classified in financial reports. The state school board's vote on Monday demands Epic to repay the millions of...

Virginia Beach man pleads guilty to wire fraud

Oct. 10, 2020 3:05 PM EDT

NORFOLK, Va. (AP) — A Virginia Beach man has pleaded guilty in federal court to wire fraud and fraudulently collecting federal unemployment benefits. The Virginian-Pilot reports that Ronald A. Smith faces a maximum term of 60 years in prison. Smith left prison in 2012 after serving seven years for an...

President Donald Trump stands on the balcony outside of the Blue Room as returns to the White House Monday, Oct. 5, 2020, in Washington, after leaving Walter Reed National Military Medical Center, in Bethesda, Md. A federal appeals court says Trump's accountant must turn over his tax records to a New York state prosecutor. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled Wednesday, Oct. 7. (AP Photo/Alex Brandon)

Appeals court: Trump must turn over taxes to prosecutor

Oct. 7, 2020 11:34 AM EDT

NEW YORK (AP) — President Donald Trump’s accountant must turn over his tax records to a New York state prosecutor, an appeals court ruled Wednesday in a decision that likely sets up a second trip to the U.S. Supreme Court over the issue. The 2nd U.S. Circuit Court of Appeals in Manhattan said in a...

Soldier killed in WWII being buried in Tennessee hometown

Oct. 7, 2020 5:19 AM EDT

HUNTSVILLE, Tenn. (AP) — A Tennessee soldier killed during World War II is being buried in his hometown. Burial for Army Pfc. Oliver Jeffers was planned for Wednesday in Huntsville. He was assigned to Company L, 3rd Battalion, 12th Infantry Regiment, 4th Infantry Division. The military says Jeffers' unit...

Georgia Gov. Brian Kemp speaks during a stop on his fly-around tour to encourage Georgians to stop the spread of COVID-19 in Augusta, Ga., Friday, Sept. 4, 2020. (Michael Holahan/The Augusta Chronicle via AP)

Accounting error costs Georgia, tax collections stay strong

Oct. 6, 2020 6:54 PM EDT

ATLANTA (AP) — Georgia is taking a one-time $240 million hit to its bank account because accounting software wasn't sending the right share of sales taxes to local governments. The payments were made last month after an audit by the state Department of Revenue, sending state revenue into the red in...

Regulators may take action against GE over faulty accounting

Oct. 6, 2020 5:47 PM EDT

NEW YORK (AP) — Federal regulators may take action against General Electric for possible violations of securities laws, the company said Tuesday, signaling a new phase in ongoing federal investigations into the company's accounting practices. In a federal filing, GE revealed it received a notice Sept. 30...

Maryland comptroller announces departure of top aide

Oct. 5, 2020 6:17 PM EDT

ANNAPOLIS, Md. (AP) — Comptroller Peter Franchot announced on Monday that his chief of staff is leaving the agency. Franchot announced that Len Foxwell, a top aide, left the post effective Monday and will leave the agency at the end of the month. In a statement, Franchot thanked Foxwell for 12 years of...

FILE - In this Monday, Aug. 3, 2020, file photo, President Donald Trump listens during a meeting with U.S. tech workers, before signing an Executive Order on hiring American workers, in the Cabinet Room of the White House, in Washington. The massive losses Trump has claimed on tax returns were reportedly due at least in part to huge deductions he took against the income his businesses had before and after he became president. (AP Photo/Alex Brandon)

Trump business deductions: sketchy, normal or in-between?

Oct. 1, 2020 7:32 AM EDT

NEW YORK (AP) — The massive losses Donald Trump has claimed on his tax returns were reportedly due at least in part to the huge deductions he took against the income his businesses made before and after he became president. A key question is whether those deductions reported by The New York Times were...