Payroll Fraud: Internal & External Threats
Payroll fraud schemes can be costly. According to a 2024 Association of Certified Fraud Examiners (ACFE) study, the median loss generated by payroll fraud incidents is $50,000. It’s essential to know …
Could you be hit with the Trust Fund Recovery Penalty?
If you own or manage a business with employees, you could be personally responsible for paying a harsh tax penalty. It’s called the Trust Fund Recovery Penalty (TFRP). It applies …
Surge in Check Kiting and Check Fraud
A Growing Financial Threat While the use of paper checks has dramatically diminished, thieves still view them as a source for stealing revenue. The Financial Crimes Enforcement Network warns that …
Prevent Financial Scams Aimed at Older People
In any season, scam artists are seeking new ways to steal financial data and money from vulnerable people. Such fraudulent financial scams often target older adults. 7 Practices Whether you’re …
An “innocent spouse” may be able to escape tax liability.
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. That means the …