John Brian Fast, CPA

Accounting, Auditing, Taxes, & Technology

Bribes are taxable

    I have had clients tell me, “I received this money under the table so it is not taxable.”  Nothing could be further from the truth.  Most monies you receive are taxable, whether received legally or illegally. In point… Continue Reading →

Payments to corrupt politicians also help the company making the payoff

Corruption of the development and bidding process can impede and delay progress as well as giving a favored bidder an advantage. Corruption slows the efficient development of the infrastructure of a city. John Wiley Price’s efforts on behalf of H…. Continue Reading →

The Financial Services Industries Are Facing New Regulations

If you thought the current regulatory client was bad, many more new regulations are coming. Financial services firms are currently facing a confusing thicket of new rules and regulations including the Dodd-Frank Act, the Volcker Rule, stress testing and new… Continue Reading →

Why is my PC running so slowly?

  One of the most common reasons a computer runs slowly is the programs running in the background. Remove or disable any startup programs that you do not need that automatically start each time the computer boots. To see what… Continue Reading →

You can still file a claim for refund, even after you have filed your return

    You can file a claim with the Internal Revenue Service (IRS) for a credit or refund if you think that the tax you paid is incorrect. The ordinary refund claim is a procedure that a taxpayer may undertake… Continue Reading →

When can an auditor squeal to the SEC about his client?

The Dodd-Frank Act created the opportunity for whistleblowers to earn potential multi-million dollar awards for information leading to major SEC cases.   Among the most potent of the whistleblower rule’s provisions, is the opportunity it provides for outside auditors to… Continue Reading →

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