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Accountant Terms


  > Receipt
A written record of a transaction.
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  > Accounts Receivable
Amounts owed to a business that the business expects to receive.
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  > Cash Letter
A group of checks accompanied by a paper listing sent to a clearinghouse, a Federal Reserve Bank, or another institution. A cash letter contains a number of negotiable items, mostly checks, accompanied by a letter that lists the amounts and instructions for transmittal to another bank. May also be called a transmittal letter.
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   Accountant News:

Our Government Has Consistently Stonewalled Our Efforts To Obtain Internal Documents Disclosing The Truth

When we learned the truth about our former accountant's extortion plan, we asked the United States attorney and the IRS inspection division to investigate. They resisted. First, IRS Inspection took a half-hearted look at the case but closed that investigation without taking the time to interview me or my sons to find out what had happened. But we kept pressing. We acquired more evidence. A new investigation was opened. A new IRS inspector recommended that my former accountant be prosecuted. But no action has been taken. It's shocking that no IRS inspector has bothered to take action against the IRS case agents and supervisors who thoughtlessly accepted and viciously pursued the false accusations made by a greed-driven former accountant. Our government has consistently stonewalled our efforts to obtain internal documents disclosing the truth. A federal judge in Fort Worth recently tired of the government's effort to hide the facts. He ordered the government to give us all the information we had asked for and to pay attorneys' fees to compensate us for the burdens it had placed upon our efforts to seek out the truth. The past four years have taken a personal and emotional toll that can never be restored. It is my hope that our suffering can be used as a mirror reflecting the need to reform an IRS that is completely out of control.

Put yourself for a moment in my shoes. Your former accountant, a person you trusted for years to oversee the accounting and tax preparation for your business, and fired because he wasn't doing the job, bargains for an incredible IRS reward, falsely tells the IRS you evaded as much as $300 million in taxes, and uses stolen information to generate private lawsuits against you. Armed IRS agents tear apart your offices, terrorize your employees, go public with the case, and after a long personally and professionally painful investigation, inevitably come up empty-handed. There were no apologies, no public corrections of the record and no efforts to write the wrongs. In the end, the IRS was concerned about one thing: Getting a release from liability for itself and its agents. What about civil rights? This was a clear-cut case for serious self-examination by the IRS. But the IRS did its best to cover its tracks, protect itself from ever having to answer for its actions, and move on to another investigation, another preferably defenseless taxpayer. I'm here today to ask you to call an end to this kind of abuse and ensure that what's happened to us never again happens to another innocent American. Thank you very much, gentlemen.

Contact our Michigan Accountants


If you live in the following cities and need an accountant, you should contact our Michigan Accountants as soon as possible:

  • Adrian
  • Ann Arbor
  • Battle Creek
  • Bay City
  • Belleville
  • Canton
  • Clinton Township
  • Dearborn
  • Dearborn Heights
  • Detroit
  • East Lansing
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  • Holland
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  • Macomb
  • Mount Pleasant
  • Muskegon
  • Niles
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  • Plymouth
  • Port Huron
  • Redford
  • Rochester
  • Roseville
  • Saginaw
  • Sterling Heights
  • Taylor
  • Traverse City
  • Trenton
  • Troy
  • Warren
  • Westland
  • Wyandotte
  • Ypsilanti
       
 
Did You Know?    
 
 
You may need an accountant.
An accountant is a person who tracks the income and assets of businesses over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.

 
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Latest News
  Latest accountant news in Michigan and nationwide:

Jul 14, 2006 - Lt. Governor Denish To Swear In New Accountants
Albuquerque—The Regulation and Licensing Department’s Public Accountancy Board membersand special guest Lt. Governor ...
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Aug 22, 2005 - Discipline Against The Respondent
On October 29, 2001, bar counsel filed a five-count petition for discipline against the respondent. On February 27, 2002, ...
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Aug 22, 2005 - Accountant As Much As A $25 Million Bounty
The September 1, 1994 IRS raid came about as the result of a plot hatched by a former chief in-house accountant while he w...
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