Posts Tagged ‘Best CPA Northeast Tarrant County’
Do You Have These Basic Documents?
Can you name basic documents that can ease decision making for your family if something happens to you? Here are four to think about as part of your overall personal financial plan. Will. As you know, a will lets you, rather than the state, control how your assets will be split among your heirs. If…
Read MoreDana McGuffin CPA Voted Best CPA for 2014 & 2015 by LIVING Magazine
We are excited to announce that Dana McGuffin CPA won the BEST OF READER’S CHOICE AWARD for BEST CPA in LIVING magazine for the second year in a row! Thank you, to our friends of the firm, clients, and LIVING magazine readers for voting Dana McGuffin CPA Best CPA in Northeast Tarrant county! Voting for…
Read MorePost 5 of 5: How to Prevent Fraud In Your Business
In our 4th post on fraud, we covered the opportunities for fraud in a business. After covering material that is negative in many ways, let’s discuss something positive: How to PREVENT fraud in your business! Separation of Duties Separation of duties is a cornerstone concept of accounting. In a small business, this critical separation can be…
Read MorePost 4 of 5: Opportunities for Fraud
In our 3rd post on fraud, we discussed 3 Key Elements of Fraud in any Business. To recap, the first two elements were: Pressure Rationalization Opportunity is the third element and what we are going to focus on today. Opportunity, or a favorable juncture of circumstances, is the element over which employers have the most control after the employee…
Read MorePost 3 of 5: The Key Elements of Fraud
Let’s continue our discussion on fraud. (For our 2nd Post on fraud with recent examples we’ve seen, click here.) FRAUD \ noun\ ‘fröd\ Definition of FRAUD 1a: DECEIT, TRICKERY; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right. In other words, fraud…
Read MorePost 2 of 5: More Fraudulent Disbursement Schemes
Fraudulent disbursement schemes provide a unique opportunity for the fraudster. The company is essentially “tricked” into making a legitimate- looking disbursement. Unlike larceny or skimming schemes, the employee is not even physically required to take custody of the funds; the money can be converted indirectly by the employee through a third source, such as a shell…
Read MorePost 1 of 5: Recent Examples of Fraud We Have Seen
Is An Employee Stealing From You? Fraud presents itself in many ways in businesses! Over the years, we have seen dozens of examples of employee fraud. From buying personal gasoline and clothing on company credit cards to dispersing additional payroll checks to themselves, employees find creative ways to steal from their employers. We’ve had numerous…
Read More