Ponzi scheme king Bernie Madoff denied compassionate prison release by federal judge
Bernard L. Madoff leaves US Federal Court January 14, 2009. Timothy A. Clary | Getty Images A federal judge Thursday denied notorious Ponzi scheme fraudster Bernie Madoff compassionate release from a 150-year prison sentence despite Madoff’s argument that he is dying from kidney disease. Judge Denny Chin’s ruling rejecting the release request noted that Madoff […]
Understanding the filing relief for ‘time-sensitive acts’ in Notice 2020-23
In response to the COVID-19 outbreak, Treasury and the IRS initially provided individuals and businesses limited filing and payment relief in Notices 2020-17 and 2020-18. This relief generally applied only to federal income tax returns and payments (including self-employment tax payments) due April 15, 2020, for 2019 tax years and to estimated income tax payments […]
How I review my clients’ QuickBooks in 15 minutes
Before you take on a new client, it pays to review their books and see what’s really going on. Did you know that you can get a pretty good picture of a client’s biggest QuickBooks problems in less time that you might think? Let me tell you how I review my clients’ books in just […]
Adapting to new ways of learning to follow your business ownership dream
When you set out to follow your dreams, you don’t expect a global pandemic and economic shutdown to follow along for the ride! But Krystal Brown, a soon-to-be graduate of First Class Accounts Franchise Training, experienced just that. But despite the potential setbacks, Krystal has discovered that starting a business in uncertain times, means she […]
IRS permits remote signatures for plan loan consents
To respond to the need for social distancing while permitting taxpayers to take distributions from their retirement plans permitted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, the IRS is temporarily permitting remote signatures from plan participants and beneficiaries and spouses. Section 2202(a) of the CARES Act permits certain individuals to […]
Trump had no side effects after taking hydroxychloroquine, White House doctor says
U.S. President Donald Trump deplanes from Air Force One as he returns to Washington after travel to the Kennedy Space Center in Florida at Joint Base Andrews, Maryland, May 27, 2020. Jonathan Ernst | Reuters President Donald Trump finished a regimen of the anti-malaria drug hydroxychloroquine “without side effects,” a White House doctor said Wednesday. […]
Zuckerberg stands firm in refusal to moderate Trump despite employee walkouts and resignations
The founder and CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020. Christof Stache | AFP | Getty Images Facebook CEO Mark Zuckerberg on Tuesday told employees he was standing firm in the company’s decision not to moderate a post in which President Trump said “when […]
George Floyd family calls for first-degree murder charges against cop after independent autopsy finds asphyxiation killed him
Booking photo of former Minneapolis Officer Derek Chauvin Photo provided by Ramsey County Jail The family of George Floyd and their lawyers on Monday called for a first-degree murder charge to be filed against former Minneapolis cop Derek Chauvin after a new independent autopsy found that Floyd died as the result of asphyxiation from sustained […]
Cash is King. Keep track of your Debtors
Last week I wrote about checking your unpaid bills, your creditors, to see if the bills outstanding are accurate or whether there are old unpaid bills which could be duplicates or could require credit notes. This week I am going to cover debtors – the customers who owe you. Whilst all business owners think they […]