How you can help stop elder financial abuse
It’s one of the most difficult types of fraud to unearth. But it doesn’t directly affect businesses or the average consumer — in large part because its victims rarely report […]
Category: Articles
It’s about time: Don’t waste that of your board members
Most not-for-profit board members are unpaid volunteers. They’ve agreed to serve because they care about your mission and the impact your organization is making. You owe it to them to […]
Taxpayers should beware of property lien scam
With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. It threatens taxpayers with a tax […]
Protect your nonprofit by cross-training staff
What would happen if one of your managers was suddenly forced to take long-term disability leave? Or an accounting staffer quit without notice? It’s possible that your not-for-profit’s work could […]
How to put the brakes on lapping schemes
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. […]
Buy or lease? Both can benefit nonprofits
If your not-for-profit owns its own facility, it likely will have more control of workspace than if you lease. However, ownership carries risks — and leasing can provide several advantages. […]
Wielding Benford’s Law to find fraud
Benford’s Law is a long-standing statistical precept that remains as relevant and widely accepted in fighting fraud as ever. By wielding it effectively, experts can cut down fraudsters who unknowingly […]
Businesses must report unclaimed property
Are you aware that companies doing business in Ohio are required to report unclaimed property from dormant accounts to the Ohio Department of Commerce? Even if the company has no […]
Fight fundraising obstacles with personal appeals
It’s no secret that this is a challenging time for charitable fundraising. In its annual Giving USA 2019 report, the Giving USA Foundation noted a decrease in individual and household […]
Encourage sales staff to walk an ethical line
When the market competition heats up, you might provide extra incentives for your sales staff to perform. But be careful: Some employees may step over the line — to earn […]
Understanding and controlling the unemployment tax costs of your business
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed […]
Avoid excess benefit transactions and keep your exempt status
One of the worst things that can happen to a not-for-profit organization is to have its tax-exempt status revoked. Among other consequences, the nonprofit may lose credibility with supporters and […]
