Is Someone Using Phony Vendors to Run a Scam on Your Purchasing Department?

by Breoncpa | Apr 2, 2019 | Accounting

Employee theft is a major issue costing companies $50 billion annually, or seven percent of all business revenues, according to statistics from the Static Brain Research Institute. SBRI further asserts that 33 percent of all business bankruptcies result from employee...

How Forensic Accountants Help Prevent Losses from a Bad Merger

by Breoncpa | Mar 28, 2019 | Accounting

There are many reasons why your company might consider engaging in a merger with or an acquisition of another company. You might want to diversify your product or service offerings, increase your production capacity, claim a greater market share, access the other’s...

Striking the Proper Balance Between Fraud Prevention and Employee Privacy

by Breoncpa | Mar 26, 2019 | Accounting

The old adage that an ounce of prevention is worth a pound of cure is certainly true when it comes to fraud against your business. The expenses associated with effective fraud prevention protocols is quite minor compared to the cost of cleaning up the mess after a...

Is Your Company Ready for the Fallout from Internal Fraud?

by Breoncpa | Mar 21, 2019 | Accounting

There are numerous contingencies that can threaten the health of a business: a liability lawsuit, the failure of a product launch, a natural disaster, an interruption to your supply chain, a labor strike, a partner’s death or serious illness, or the loss of a major...

Forensic Accounts Can Help Your Company Recover Losses from Illegal Conduct

by Breoncpa | Mar 19, 2019 | Accounting

There are many ways a business can suffer losses due to illegal activity. Your warehouse could be robbed at gunpoint, your Chief Financial Officer could embezzle funds, or employees could walk your supplies out the door and sell them on eBay. Those are criminal acts,...

Do You Know What Your Company’s 2018 Tax Bill Will Be?

by Breoncpa | Feb 13, 2019 | Accounting

February is the month when employees receive their W-2s and independent contractors get their 1099s. If they care to, they can get a pretty quick idea of what April holds, and if a refund is due, claim it right away. But what about your business? Most businesses and...