Anthony LaNasa CPA CFE

Posted in: Accounting & Assurance, Articles, Fraud

Don’t mistake kickbacks for gifts

  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 kickbacks are often disguised as gifts, travel and entertainment, they can be hard to identify.     Intention of the gift-giver Gifts, gratuities or courtesies […]

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Ed Decker CPA

Posted in: Articles, Tax, Tax Tips

Hiring this summer? You may qualify for a valuable tax credit

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Anthony LaNasa CPA CFE

Posted in: Accounting & Assurance, Articles, Fraud

Fraud du jour: Social Security phone scams

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 connected to legitimate government offices and businesses or that resemble your own number — fraud perpetrators say anything and everything to try to steal your […]

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Linda Zevnik CPA CSA

Posted in: Articles, Tax, Tax Tips

Employers: Beware of a harsh payroll tax penalty

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make matters worse, the penalty can be assessed personally against a “responsible individual.” If a business makes payroll tax payments late, there are escalating penalties. And […]

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Anthony LaNasa CPA CFE

Posted in: Accounting & Assurance, Articles, Fraud

Conflicts of interest: When employees aren’t on your side

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 a serious breach of this duty. In fact, when conflicts of interest exist, companies often suffer financial consequences. Ignorance isn’t bliss Here’s a fictional example […]

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