FAQs for HUD-insured facilities By: Joseph Sbrocco CPA CGMA In an effort to address questions and concerns about HUD-insured facilities (FHA’s Section 232 and 242 mortgage insurance programs) and the COVID-19 pandemic, HUD (Office of Healthcare Programs) has provided […]
The new COVID-19 law provides businesses with more relief By: David M. Reape On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus […]
How COVID-19 poses new fraud threats to vulnerable businesses By: Anthony LaNasa Scam artists know how anxious business owners are during the current coronavirus (COVID-19) crisis. They know that as you struggle to meet customer demands and pay employees and stay solvent, […]
SBA Disaster Loans for Small Businesses By: Joseph Sbrocco CPA CGMA An SBA Section 7(b) Economic Injury Disaster Loan (EIDL) Program provides up to $2 million to help business with fewer than 500 employees pay fixed debts, payroll, accounts payable, and […]
How to put the brakes on lapping schemes By: Anthony LaNasa Lapping is one of the most common ways crooked employees skim money from their employers. In these schemes, a perpetrator uses receipts from one account to cover theft from another. […]
$1.5 Billion Rebate from the Ohio Bureau of Workers’ Compensation The Ohio Bureau of Workers’ Compensation (BWC) announced that it will be issuing rebates again this year to private employers and public-taxing districts, who are up-to-date on their premiums. This […]
Fraud guides may help criminals hack your data By: Anthony LaNasa Fraud experts have long known that “dark web” sites provide information, support and illicit goods to hackers and other criminals. But security company Terbium Labs recently published a report analyzing […]
Calculating fraud damages isn’t as simple as it may seem By: Anthony LaNasa When businesses are defrauded, courts can — and in some states must — order restitution. But it isn’t always easy for judges to decide how much a company has lost. […]
How experts use data analysis to detect fraud By: Anthony LaNasa Data analytics is changing the way many businesses operate. It’s also changing how forensic accountants do their jobs, providing fraud experts with the means to mine massive mounds of data […]
Don’t mistake kickbacks for gifts By: Anthony LaNasa Kickbacks return a portion of the money exchanged in a business transaction as compensation for favorable treatment. They’re illegal in the United States and many other countries. But because […]
Fraud du jour: Social Security phone scams By: Anthony LaNasa Despite the National Do Not Call registry and features such as caller ID, phone fraud is thriving in the mobile phone era. Using spoofed numbers — which appear to be […]
Conflicts of interest: When employees aren’t on your side By: Anthony LaNasa One of the governing principles of the employee/employer relationship is that employees have a fiduciary duty to act in their employer’s interests. An employee’s undisclosed conflict of interest can be […]