(The Center Square) – Oregon's books show the state incorrectly counted billions of federal dollars in 2020, according to an audit from the Secretary of State.
Oregon receives around $12 billion in federal grant money yearly to pay for such programs as agricultural research, public safety, and homeland security. In 2020, that number shot up to $17 billion in 2020 in light of the pandemic. That money paid for personal protective equipment, Medicaid and unemployment insurance payouts—all of which saw record expenditures over the past year.
How to move offline accounting online in three simple steps - Accountancy Age
For many small businesses today, who either are online or are planning to do so in the future, it is critical to provide their customers with the easiest and most comfortable way to pay for products or services. This means it's highly likely many of your business clients are using different services to accept and manage payments.
Online and e-commerce businesses usually operate with high volumes of transactions, so adding more payment sources may increase these volumes incrementally. How many of these sorts of clients do you have? Probably a few. Then multiply this by the number of different payment gateways you need to collect data from by X times.
Osome raises $16M to automate repetitive accounting tasks | VentureBeat
AI-powered accounting platform Osome today announced that it raised $16 million in a series A funding round. The company plans to put the proceeds, which bring its total raised to over $24 million, toward expanding its footprint internationally and building new product integrations.
Studies show that the vast majority of day-to-day accounting tasks can be automated with software. That may be why over 50% of respondents in a survey conducted by the Association of Chartered Certified Accountants said they anticipate the development of intelligent systems will have a significant impact on accounting businesses over the next 30 years.
Former Watkins Glen Area Chamber President opens new accounting firm in Montour Falls
MONTOUR FALLS, N.Y. (WETM) – Statements Accounting and Consulting Services and Alternatives Federal Credit Union will celebrate their arrival in downtown Montour Falls and the Southern Tier with a ribbon-cutting ceremony hosted by the Watkins Glen Area Chamber of Commerce on June 10, 2021, from 4:00 p.m. to 6:00 p.m., at the Montour House (401 West Main Street, Montour Falls, N.Y. 14865).
In addition to Rebekah Carroll, owner of Statements Accounting and Consulting; Eric Levine, CEO of Alternatives Federal Credit Union; Michael Hardy, executive director of the Watkins Glen Chamber of Commerce; representatives from Statements Accounting and Consulting and Alternatives Federal Credit Union, a variety of elected officials will offer remarks.
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Clifford Chance Partners React to the Firm's New Bill-Focused Accounting Model | Law.com
Tax Fraud Blotter: Jailhouse crocks | Accounting Today
Bella Vista, Arkansas: Angel Denette Cameron, from Louisiana, has been sentenced to 66 months in prison to be followed by three years of supervised release on one count of false claims against the U.S., one count of false declaration under perjury and one count of aggravated identity theft.
In March 2020, police obtained a search warrant on Cameron's residence after she lied to law enforcement about her identity and offered them false ID documents. Officers found tax information of various third parties in her possession.
What Are Assets in Accounting? - business.com
The term "asset" is often heard when the financial value of a business is being assessed. An asset can be any resource that an individual or a corporation controls and generates a positive economic benefit for its owner. Personal assets contribute to a person's wealth, while business assets are for corporations and are listed on balance sheets and used against liabilities and equity. Here is a primer on assets, including how they work and how to determine their value.
Assets are resources, owned by an individual or a corporation, that can be converted into cash or generate cash flow in the future. Examples of personal assets include homes, cars, art, property, and investments such as bonds, pensions and retirement plans. A person's net worth is calculated by subtracting their liabilities (everything they owe) from their assets (everything they own).
Lancaster selectmen want accounting of COVID relief funds
LANCASTER - Selectmen want to start earmarking COVID funds from the state, but neither all the money nor the guidance on how to spend it has been received yet.
Selectman Jay Moody said he wants the Board of Selectmen to be involved "from the beginning as a stakeholder."
"Not enough" guidance came out recently, said Selectman Alix Turner, who added there are strict prohibitions for use of the money, such as not funding the town's daily operations. She agreed with the "goals of a collective approach" and said the board needed to work with town counsel and the Mass. Municipal Association as well as forming a group promptly after annual town meeting to explore use of the money.
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