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Payroll Fraud Threats Inside and Outside Your Company

Payroll Fraud Threats Inside and Outside Your Company

by Lori Bowden | Apr 1, 2025 | Business, Fraud, Newsletter

Payroll fraud schemes can be costly. According to a 2024 Association of Certified Fraud Examiners (ACFE) study, the median loss generated by payroll fraud incidents is $50,000. It’s essential to know the payroll schemes making the rounds and how to prevent them or at...
The Rise of Check Kiting and Other Check Fraud

The Rise of Check Kiting and Other Check Fraud

by Lori Bowden | Oct 3, 2024 | Business, Fraud, Newsletter

While the use of paper checks has greatly diminished, thieves still view them as a source for stealing revenue. In fact, the Financial Crimes Enforcement Network warns that many thieves are returning to old-fashioned financial theft, using paper checks. That’s one...
Help Prevent Financial Scams Aimed at Older People

Help Prevent Financial Scams Aimed at Older People

by Lori Bowden | Jun 1, 2024 | Fraud, Individuals, Newsletter

Scam artists seek new ways to steal financial data and money from vulnerable people in any season. Such fraudulent activities often target older adults. Here are three ways to help prevent elder financial abuse and fraud, whether you’re in this age bracket or you...
Beneficial Ownership Information Reporting

Beneficial Ownership Information Reporting

by briesterer@thinkvisionary.com | Dec 15, 2023 | Business, Fraud, Newsletter, Tax

Starting January 1, 2024, many companies will need to follow the Corporate Transparency Act (CTA), established under the National Defense Act in 2021. This Act requires these companies to reveal information about people who own or control them, known as Beneficial...
Withdrawing ERC Claims

Withdrawing ERC Claims

by briesterer@thinkvisionary.com | Nov 3, 2023 | Business, Fraud, Newsletter, Tax

Recently, the IRS halted processing of claims for the Employee Retention Credit (ERC), due to a high volume of fraudulent claims. The moratorium is through at least the end of 2023. ERC claims already filed are now subject to longer processing, including heightened...
Employee Retention Tax Credit (ERTC) Scams and Fraud

Employee Retention Tax Credit (ERTC) Scams and Fraud

by briesterer@thinkvisionary.com | Aug 9, 2023 | Business, Fraud, Newsletter

The rise of “ERTC Mills” has caused widespread confusion and increased the potential for fraud. These entities exploit the system, intensifying the risk of deception. While these mills charge for basic clerical duties, their agreements often specify that...
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