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. […]
Category: Articles
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 […]
Typosquatters profit from common user errors
The Web has opened plenty of new avenues for criminal behavior. For example, you may have heard of cybersquatting. Someone registers a site’s domain name that includes a trademark and […]
The chances of an IRS audit are low, but business owners should be prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In the fiscal year 2018, […]
PDPM Rates Now Available!
CMS Issues FY 2020 Medicare SNF PDPM Rates Effective October 1, 2019 The Centers for Medicare & Medicaid Services (CMS) published the final rule updating Medicare rates for skilled nursing […]
Protecting youth sports leagues from fraud
Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from not-for-profits benefiting children. Youth sports leagues and teams, for example, are ripe for fraud. […]
