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Tag: Fraud

Keep Track of Your Credit Score

By Joe Turk With everyone concerned about the recent Equifax Data breach, we recommend people remain vigilant and review their credit card, banking and financial transactions on-line very carefully. You can check Credit Karma for your credit scores and activity; however, the service is limited and updated from TransUnion and Equifax every 7 days. The top three credit monitoring services are LifeLock, IdentityForce and IdentityGuard–with LifeLock coming out on top in competitive...

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Protect Your Identity: How to Recover from a Data Breach

By Wiss Associate If you maintain a credit score, there is a high chance you are one of the 143 million Americans whose sensitive information was uncovered in the recent data breach at Equifax, one of the country’s three largest credit reporting agencies. This breach, which lasted from May to July, swiped people’s names, birthdates, Social Security numbers, addresses, and in many cases, driver’s license numbers. What’s more, these cybercriminals accessed millions of people’s personal...

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No Phishing! Watch Out for Fake IRS Calls

Have you received a vague phone call from a person claiming to be the IRS, demanding that you cough up money to pay taxes without providing any tangible information? These callers can be relentless and may have ordinary names, persuasive IRS badge numbers, and transform your caller ID to display the words “IRS” across it, as if the actual organization is calling you. Before you panic, this is a scam called phishing, where frauds posing as the IRS make unsolicited communication to...

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Fraud Prevention – A Necessary Evil

By Timothy Kennedy, CPA Do you trust your bookkeeper? This is a question you have to ask yourself periodically. Not only do you want to feel confident that they wouldn’t steal from you, but you also want comfort in knowing that they can properly journalize and manage the accounting information that comes through the door each day. Poor accounting record maintenance and overall sloppy accounting by a lackluster bookkeeper can take you to the point of no return—and force your hand...

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How to Avoid Tax Penalties on Complimentary Hotel Breakfasts

By Mark Feldstein When is a free meal not really free? When a New York State hotel is offering a complimentary breakfast to its guests. While complimentary breakfasts are free – in a sense – to your guests, if your hotel is audited, you could get a tax bill. And the tax penalties for months – or years – of presumed “tax-free” food can add up. New York sales tax and occupancy tax returns are, in most circumstances, subject to audit for up to three years, longer if fraud is suspected....

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