Tag: Fraud

As identity theft continues to be a growing concern, particularly when it comes to filing taxes, the Internal Revenue Service (IRS) offers a tool to help secure your tax information: the Identity Protection Personal Identification Read More

Every year, millions of dollars are donated to not-for-profit organizations. But in some cases, the money intended for an organization's charitable causes are diverted by thieves. The fact is that nonprofits aren't immune to the Read More

Workers' compensation insurance can provide medical care and financial assistance to employees who are injured or incapacitated at work. However, this important benefit is also subject to fraud perpetrated by dishonest workers. The Coalition Against Read More

For many businesses, such as retailers, manufacturers and contractors, strict inventory control is central to operations. If you don't track inventory accurately, you can't effectively produce goods, meet customer demand and realize profits. Let's say Read More

When criminals profit from illicit activities, they usually need to "clean" or disguise the proceeds of their crimes. Money laundering disconnects illegally acquired funds from sources that include theft, drug trafficking and terrorism. This makes Read More

Financial statements are central to understanding any business. A public company's balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the company, forecast short- and long-term Read More

Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial losses and reputational damage. In some cases — especially Read More

Middle-market businesses lose an average of almost $300,000 annually to invoice fraud, according to a recent survey by software company Medius and researcher Censuswide. Invoice fraud can be challenging to spot — and even more Read More

Most experts would agree that the best way to minimize fraud at any company, including a construction business, is to take a holistic approach. As the owner, you must set the tone at the top Read More

During the early stages of the COVID-19 pandemic, many cash-short small businesses turned to their banks, while others sought help from family and friends. Unfortunately, these sources weren't enough in all cases. When government aid Read More