Last year's tax season may seem like it is just behind us, but the 2017 tax year is already halfway over! Did you know a mid-year assessment can influence your tax outcome? If you’d like to minimize your tax liability and the effort involved with tax filing, let out knowledgeable accountants conduct a review today.
Topics: Insider, Tax Tips, Tax Laws, Tax Planning, Accounting, BTR, Accounting News
Occupational fraud is an increasing concern for many organizations. According to the Association of Certified Fraud Examiners’ (ACFE) 2016 Report to the Nations on Occupational Fraud and Abuse, the typical organization loses 5% of its annual revenue to fraud. If applied to the 2014 Gross World Product, this translates to a potential fraud loss of nearly $3.7 trillion. The median loss caused by occupational fraud found from their study was $150,000. Additionally, 23.2% of cases involved losses of $1 million or more. According to the report, small businesses, government and public administrations are commonly victimized and 58% percent of the victimized organizations did not recovered any of their losses due to fraud and only 12% made a full recovery.
Topics: Accounting News, Fraud, Organization Fraud, Fraud Prevention
