Although controls can never guarantee with absolute certainty that fraud will not occur, properly designed internal controls that operate effectively can help mitigate the effects of fraud and demonstrate to regulators, shareholders, and stakeholders that management is taking the proactive steps necessary to manage risk in an ever more complex global economy.
Michigan is again offering reimbursement for specified costs related to training new and current employees. The Skilled Trades Training Fund (STTF) is used for short term training (3 months or less, unless an apprenticeship). This applies to ALL employers with a presence in Michigan; it is not industry specific. The employer must be in compliance with all federal and state tax obligations and willing to participate with the program's guidelines.
The IRS had twice extended the time period to submit paperwork for employers to claim the Work Opportunity Tax Credit (WOTC) for qualified employees hired between the dates of Jan. 1, 2015 and Aug. 31, 2016. The extended due date for the submission of WOTC paperwork is Sept. 28, 2016.
Recently, there's been an alarming rise in fraudsters attempting to file for unemployment benefits using stolen identities. For example, a company receives a notice from the Unemployment Insurance Agency (UIA) stating that 'Employee X' has filed for unemployment benefits, when in fact 'Employee X' is still a current employee with the company.
The FBI has issued a threat advisory to charitable organizations and nonprofits in the US and Canada. A Nigerian criminal network has already targeted more than two dozen organizations with a sophisticated, multi-step wire fraud scheme.
After a long primary season, it appears that the American people will have a choice between Hillary Clinton, the likely Democratic nominee, and Donald Trump, the likely Republican nominee. Despite the relative uniqueness of each candidate, there’s an old proverb that says the only thing we learn from new elections is that we learned nothing from the last one. In the summer of 2016, we once again face an election where the winner may dictate the future of health care in this country. It is important to understand each candidate’s stance on health care.