Westminster Security Ltd’s Post

Executive Security Arrangements: Disclosure & Tax Implications | Compensation Standards A new blog post by Senior Editor Liz Dunshee. #corporatetax #executivecompensation #perks #CEO #security #SEC https://lnkd.in/gabidrwy

With rising data theft in tax offices, this course covers IRS and FTC security mandates, tools to adhere to them, and penalties for non-compliance. https://bit.ly/4abTfCa

FYI. See an article I wrote in Tax Notes a short while ago on tax and the PCAOB. https://lnkd.in/egF75xyM. It deals with the fact that, from the outside looking in, the PCAOB does not have the tools to determine whether the audit companies are complying with the tax rules. See, on the tax rules of the PCAOB the following I previously wrote in. Tax Notes. https://lnkd.in/eRczjcJH. And this from Bloomberg Tax. https://lnkd.in/e2GYgAWv.

PwC Australia has just been raided by the AFP. Like common criminals. This is what it is to be part of PwC. Long gone any respectability. It’s a cesspit of knuckle-dragging, low-life, low-rent petty thieves who happen to have got the keys to safe. The CEO, Kevin Burrowes says they are cooperating with the AFP. Yer well he would, wouldn’t he? If he didn’t he’d be put in a stress hold and handcuffed, then led out to an AFP service car. But what he fails to mention is that he’s failed to cooperate with Parliament. Not that you can blame him though. He’s under orders from global general counsel Dianna Weiss, as follows: “The firm shall not provide to any regulator or other governmental or legal authority any formal, significant or substantive submissions or responses (whether oral or written) regarding any of the topics until the network representative and I have reviewed and approved the materials.” We should have her arrested next time she sets foot in Australia for conspiracy to defraud the Commonwealth. PS this is all just tongue in cheek everyone. None of it’s serious. The AFP were alerted in May 2023. It’s taken them 18 months to launch today’s raid. It’s all just for show. Pa-lenteee of time to work that shredder…. Shred baby… shred!!

The abuse of Legal Professional Privelege is /has apparently become institutionalised and without any sanction by the negligent regulators the OLSC and the NSW Law Society ‼️? “ATO second commissioner Jeremy Hirschhorn told the Senate inquiry into consulting this week that attitudes to legal professional privilege (LPP) at some law firms were “disappointing” “https://lnkd.in/gyR32nUH Let’s see if this generates more demonstrably misplaced misguided claims for Legal Professional Privelege by PWC’s PWC Legal Solicitors or other Solicitors on their behalf 🇦🇺‼️? More developments in the PwC Australia tax leaks scandal ‼️ (See also https://lnkd.in/g4_ptpEb Associated Lawyers Corruption and historical failure of systemic inept corrupt NSW OLSC to investigate the involved Lawyers here and generally together with the NSW Law Society Professional Conduct Dept )

IRS announces new steps to combat abusive use of partnerships; agency’s focus intensifies as new guidance closes loopholes worth tens of billions As part of ongoing efforts to focus more attention on high-income compliance issues, the Internal Revenue Service announced a new series of steps to combat abusive partnership transactions that allow wealthy taxpayers to avoid paying what they owe. https://buff.ly/3KMUQo3

2025 is off to a fast start with significant developments in tax policy and IRS operations. Here's our latest tax news roundup to keep you informed: 1️⃣ IRS Hiring Freeze & Global Tax Deal Exit: Recent executive actions may impact audits and multinational compliance. 2️⃣ IRS Chief Resigns: Leadership transition could signal shifts in priorities—stay tuned for updates. 3️⃣ Fraud Prevention Measures Announced: New rules for the 2025 filing season are here to combat scams. 4️⃣ Tax Relief for LA Fire Victims: Learn how to guide affected clients through extensions and waivers. 5️⃣ COVID-Relief Fraud Indictments: Heightened enforcement underscores the importance of compliance vigilance. Check out our full January Tax News Roundup for actionable insights to guide your practice through these changes. 👉 Read the full article: https://lnkd.in/eT74ChaA #TaxNews #IRSUpdates #TaxProfessionals #AccountingTips #FraudPrevention

Attention Business Owners! 📢 The IRS is ramping up compliance enforcement against certain businesses, and it's crucial to stay informed! 🧐 We've just published a blog that dives deep into what this means for you and how to ensure your business remains compliant. Don't get caught off guard—knowledge is your best defense. 📝 Read the full blog here: https://bit.ly/4dhvcUn #IRS #Compliance #BusinessTips #TaxEnforcement #StayInformed #SmallBusiness #BusinessOwners #TaxCompliance

Staying compliant with the IRS's media sanitization guidelines is crucial for any organization handling Federal Tax Information (FTI). Our insightful article breaks down the essentials of the IRS guidelines and how they impact your data security practices. https://lnkd.in/gafcqUA2 #IRSCompliance #MediaSanitization #DataSecurity #FTI #TaxInformation #Compliance #InfoSec

Did you know if you report tax fraud, the IRS can pay you? The IRS released is latest Whistleblower report last week. The program paid out $88M to whistleblowers and helped recoup $337M in taxes. However, like most IRS initiatives, there are problems: 11.29 Years - the average time it takes from reporting to the whistleblower being paid 30,135 - the number of backlogged cases 72% - the percent of cases closed for "no actional issue" While this is an interesting and helpful program, the IRS is concerned with material items and often has to pass on smaller cases given resource constraints. This report is certainly an interesting read! https://lnkd.in/e_nE22yz #IRS