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Every year, on the first Friday in June, people celebrate National Doughnut Day. The day celebrates doughnuts and honors the Salvation Army Lassies. The Lassies served doughnuts to soldiers during World War I. The “Salvation Army Doughnut” was first served in 1917. The brave Salvation Army Lassies went to the front lines of Europe and...

Employees clocking in a few minutes early or clocking out a few minutes late may seem fairly innocuous, but those minutes here and there add up quickly. They also constitute a common form of employee theft: time theft.

Time theft occurs when employees receive compensation for time they did not actually work.

A report commissioned...

Shared office spaces, or coworking spaces, are an increasingly popular option for freelancers, small businesses, and remote workers who do not have access to a centralized office space. These rented workspaces can give individuals and small businesses access to a high-end, high-function office space without a major investment.

For CPAs, accounting firms, and other businesses...

The individuals who steal from us are sometimes the ones we least suspect. They may be long-term trusted employees, family members, and even those who pretend to share our deepest values. The term “affinity fraud” refers to scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional...

The need for diversity and inclusion in accounting has long been recognized and, while the profession has made great strides toward inclusive practices, certain challenges remain. The underrepresentation of Hispanic people in finance is one area with room for improvement.

As a longtime advocate of diverse hiring and multilingual offices, SDC CPAs follows the research...

The theft of materials and equipment from jobsites is a crime on the rise, according to the National Equipment Register (NER). Whether thieves take power tools, heavy machinery, or even building materials, construction sites have become common targets for thieves.

The NER estimates as much as $1 billion in equipment is stolen from jobsites annually....

Accountants have a set of skills essential to the modern world. The ability to process complex financial matters in terms of both details and large scale solutions enables individuals with a background in accountancy to excel in whatever line of work they choose. As a woman-owned accounting firm, SDC CPAs believes it is important to...

Economic hardship such as layoffs, market losses, and economic uncertainty often correlate to increased occurrences of employee theft, in turn increasing business for forensic accounting firms.

This trend has partially held true for the economic challenges caused by COVID-19. While fraud cases have spiked, a number of obstacles threaten to change the landscape of forensic...

On March 3, 2021, it was announced Robert Fowler, former Controller of Town and Country Ford in Evansville, Indiana, would be sentenced to 30 months in prison for Money Laundering and Bank Fraud.

Using Company Funds for Personal Gain

Fowler was an employee of Town and Country Ford for nearly 20 years before he was...

Many CPAs and accounting firms rely on maintaining strong relationships with their communities to keep a high profile and good reputation. These community connections take time, effort, and commitment to be of mutual benefit to the firm and the community.

Accounting firms have opportunities to share not only time and money, but expertise. The following...