Blog

  • Why Being Prepared for Payroll Audits Matter

    Posted by Michael Beauchemin on Mon, Sep 30, 2013 @ 09:53 AM The Wage & Hour (W&H) division of the U.S. Department of Labor has increased its enforcement and audit efforts with employers.  The Wage and Hour division wants to ensure workers are fairly paid and employers uphold the law.  Unfortunately, businesses that have violated…

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  • Fraud What Is It Costing Your Business?

    $994 billion!!!   No, it is not the cost of a new stimulus plan, more TARP, another government health care plan.  It is the estimated amount that U.S. organizations lost to occupational fraud in 2008. The Association of Certified Fraud Examiners recently issued its report – Report to the Nation on Occupational Fraud and Abuse.  The report…

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  • What Do Whistleblowers and Hedge Funds Have in Common

    Whistleblowing becomes a for-profit business.  In David Kocieniewski’s article, Whistle-Blowers Become  Investment Option for Hedge Fundshe outlines how the hedge funds and private equity groups are getting into the Whistleblowing business by buying a percentage of future payouts. Informants who turn in tax cheats have to wait years to get their share of any rewards from the I.R.S.’s…

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  • IRS Gearing Up to Evaluate How Businesses Classify Employees

    In it’s recently released report, Employment Tax Compliance Could Be Improved With Better Coordination and information Sharing, the Treasury states: The misclassification of employees as independent contractors is a nationwide issue affecting millions of employees that continues to grow and contribute to the tax gap.  According to program documents, closing the tax gap remains as one…

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