Beware of Tax Scams on Social Media By: David M. Reape Social media often takes the blame for spreading misinformation, sometimes for good reason. Recently, the IRS issued a warning to both individual and business taxpayers about false claims regarding various […]
Is Your Inventory Missing — Or Stolen? Ask an Expert By: Tony LaNasa Many organizations, including retailers, manufacturers, and contractors, rely heavily on strict inventory control. If inventory is not precisely tracked, businesses are unable to effectively produce goods, meet customer demand, and generate […]
IRS Provides Recommendations to Protect Against Senior Scams The IRS recently issued a press release (IR-2024-164) warning about the rising threat of impersonation scams targeting seniors where fraudsters imitate government officials to obtain sensitive personal information and money. […]
Shoring Up Protections Against Expense Reimbursement Fraud By: Tony LaNasa Expense reimbursement fraud is an occupational fraud scheme that has become more costly for businesses since the start of the COVID-19 pandemic in 2020. According to the most recent report from the Association […]
What To Do If Your Business Is Defrauded By: Tony LaNasa Occupational fraud is more than just a financial hazard. It can transform a company’s reputation, culture, and relationships. However, before dealing with any of the deeper repercussions from fraud, exposed organizations must “clean […]
Why Would Your Businesses Want “Know Your Customer” Policies? By: Tony LaNasa Financial institutions, investment service companies, insurers, and creditors are generally required to implement and adhere to know-your-customer (KYC) policies as part of a larger anti-money laundering (AML) strategy. Although most […]
IRS Dirty Dozen Part 5: Bogus Tax Avoidance Strategies and Schemes With an International Element Today, we bring you the final two scams highlighted by the 2024 Dirty Dozen campaign, an annual list compiled by the IRS outlining the most common tax schemes and providing […]
IRS Dirty Dozen Part 4 – Spearphishing and Schemes Aimed at High-Income Tax Filers In this article, we present two more scams from the IRS’ 2024 Dirty Dozen list: spearphishing and schemes aimed at high-income tax filers. Read on so you don’t fall victim […]
How Fraud Perpetrators Conceal Their Illicit Activities By: Tony LaNasa Employees who commit fraud typically strive to keep the schemes running as long as possible by concealing their activity from others. The success of thieves is largely determined by their […]
IRS Dirty Dozen Part 3 – Fake Charities, Deceitful Tax Professionals, and Social Media Today, we continue bringing you the scams highlighted by IRS’s 2024 Dirty Dozen campaign, an annual list compiled by the IRS listing the most common tax schemes and providing taxpayers […]
IRS Dirty Dozen Part 2 – Fake Online Account Assistance, False Fuel Tax Credit Claims, and Offer in Compromise Mills Last week, we introduced you to the IRS’s 2024 Dirty Dozen campaign, an annual list compiling the most common tax schemes. The campaign provides taxpayers with important information about how […]
IRS Dirty Dozen Part 1 – 2024 Campaign Kicks Off With Warnings About Phishing, Smishing, and ERC Scams For over two decades, the IRS has issued the “Dirty Dozen,” an annual list of common tax scams and abusive tax avoidance arrangements that expose taxpayers to the risk of losing personal information, data, […]