Category: Payroll
Who’s on Your Payroll?
November 20, 2017Make no mistake. Payroll fraud is real. Recently, the Association of Certified Fraud Examiners (ACFE) found payroll fraud occurred in 27% of all businesses, nearly twice as often in small businesses. Worsening the outlook, payroll fraud lasts for an average of three years, with businesses taking a median hit of $145,000.00. That’s three years of paying ghost employees or overpaying existing ones. In one recent case, a payroll associate paid herself an extra $50,000.00 in less than one year. [easy-tweet…Payroll Companies, CPAs and Management Companies
August 27, 2013Running a business can be complicated and overwhelming. Owners face daily decisions. Human resources and staffing. Technology and marketing. Financial and legal. When grappling with such issues, many owners of small or middle sized companies opt to outsource their payroll processing and accounting. They turn to payroll and management companies and CPAs. Such companies offer several advantages, but hidden disadvantages can lurk under the surface Payroll companies manage the payroll process from beginning to end and alleviate the need for…