With remote work here to stay, A/P has to work harder to verify crucial information, such as vendor bank account numbers. Unfortunately, fraudsters are also working hard. They’ve been busy exploiting dispersed Finance teams’ increased reliance on email for routing invoices for approval, getting payments approved and collecting vendor bank account info. An easy-to-miss attack […]
Hackers love attacking via email because of how easy it is to do. That’s why an ounce of email cyber security can prevent a ton of fraud mitigation. It’s critical that all employees who accesses email on your company servers be armed with the following knowledge to prevent email cyberattacks before they end up costing […]
Cybercriminals who are out to steal your company’s money are getting smarter. Even a password that uses a capital letter, at least one number and a special character can be cracked by hackers because people tend to use the same 32 keyboard characters. One school of thought on better password security is using simple, long […]
It’s not too late to get tax relief in the form of the Employee Retention Credit that was created as part of the CARES Act in 2020, then retroactively improved and extended by additional legislation. The credit can still be claimed via an original or amended employment tax return for the period of March 13, […]
Companies’ databases, customer info and bank accounts are never safe from malicious attackers. The most common way in for cybercriminals remains via email. Email scams are getting more sophisticated, to make matters worse. Some companies’ employees are getting fooled by phishing sends that announce salary reductions and include file attachments. Recipients who click on the […]
Accounts Receivable departments need to stay on their toes for scam artists and fraudsters. Plenty of companies’ cash flows are squeezed tighter than ever these days. So the last thing you need is to accept and fill an order from a source that’s not going to pay for it. Turns out there are a few […]
The IRS is warning small businesses once again – cybercriminals are seeking your companies’ financial information any way they can. Often it’s by targeting the “weak link” in your organization who opens an email despite being trained over and over on how not to fall for the obvious bait. With the bulk of tax documents […]
Rising interest rates across the board have been a fact of life lately. Therefore, it should be no surprise that the Service announced more interest rate bumps for Q1 2023 in Rev. Ruling 2022-23. Effective January 1, 2023, the new interest rates will be: 6% for corporate overpayments of tax 4.5% for the portion of […]
Cybersecurity – protecting sensitive corporate and customer data from falling into the hands of criminals – is vital to your organization’s success. Lately the feds have been cracking down on disruptive ransomware thieves and info sellers on the dark web, but don’t let that lull you into a false sense of security. An optimum strategy […]
