Business Advisory

Ghost Employees May Be Haunting Your Payroll

Matt was a trusted long-term employee who, unfortunately, was deeply in debt. Recognizing that his company’s payroll controls were loose enough to be exploited, he put a “ghost” employee, “Scott,” on the payroll, opened a bank account in Scott’s name and arranged for direct deposit of Scott’s paychecks. Although both Scott and Matt are fictitious, […]

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Deadbeat or dead broke? A solvency opinion can help find the money

A company’s solvency can come into play if it paid another creditor when it had an obligation to pay you first. If such circumstances lead to litigation, you should consider hiring a solvency expert to determine whether the company actually could meet its long-term interest and repayment obligations at the time of the payment. 3 […]

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Workers’ Comp Fraud is Painful but Preventable

Workers’ compensation fraud costs American employers millions of dollars a year. The most publicized form of the fraud involves bogus claims by workers.  This fraud can be prevented or detected with some awareness and skepticism. Employee-perpetrated scams The vast majority of workers’ compensation claims are valid. However, when claims aren’t valid, it can be a […]

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Does your company need employee dishonesty insurance?

Some insurance companies offer employee dishonesty coverage to protect businesses against loss of money and property due to criminal acts by employees. This can be valuable protection. But before you buy a policy, it’s important to understand what you’re getting. What It Does In addition to covering businesses against theft of money, property and securities, […]

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