Claiming a theft loss deduction if your business is the victim of embezzlement
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have […]
Category: Articles
Your nonprofit may have an internal controls gap
The typical defrauded not-for-profit loses $75,000 per fraud incident, according to the Association of Certified Fraud Examiners. And that doesn’t account for the negative publicity and subsequent lost donations and […]
HW&Co.’s 2021 Executive’s Guide to Nonprofit Success
HW&Co. presents the 2021 Executive’s Guide to Nonprofit Success. This annual symposium offers nonprofit leadership and board members a great opportunity to hear from HW Nonprofit advisors, as well as […]
How to Conduct a Remote Fraud Investigation
Before the COVID-19 pandemic, most fraud investigations took place in the office or other work facilities. This made it easy for investigators to gather and analyze data and interview suspects […]
Provider Relief Fund Reporting Overview and Calculation Tool
The 9/30/2021 reporting deadline for Provider Relief Funds (PRF) received between 4/10/2020 and 6/30/2020 is rapidly approaching. It is important to understand the reporting requirements and to be prepared before […]
Want to find out what IRS auditors know about your business industry?
In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Examiners may use IRS “Audit Techniques […]
Fraud Lurks Case Study: I Love eBay!
This is the second in a series of case studies of frauds/defalcations which I personally investigated. This month’s case study is entitled “I Love eBay!” Similar to the first article, […]
Put some muscle behind your nonprofit’s capacity-building effort
Economic instability caused by the pandemic may have your nonprofit scrambling to find funding. But just as important is making internal adjustments that build your nonprofit’s capacity to fulfill its […]
Protect your company from cyberattacks by adopting zero trust
Some organizations struggle to prevent cyberattacks because they rely on cybersecurity tools and techniques that protect only their perimeter. Perpetrators who make it past a single line of defense (such […]
Possible tax consequences of guaranteeing a loan to your corporation
What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser, or indemnitor of a debt obligation of […]
AICPA releases guidance on SVOG & RRF accounting questions
The AICPA released a Technical Question & Answer (TQA) on August 10th addressing how a recipient should account for a Shuttered Venue Operators Grant (SVOG) or a Restaurant Revitalization Fund […]
Be careful. There might be a “visher” on the line
“Vishing” may sound familiar, but unless you’re a fraud investigator, you probably haven’t encountered it. Unfortunately, that could change … soon. To foil a scam that increasingly takes advantage of […]
