How Your Small Business Can Reduce Potential Payroll Fraud standard
The topic of payroll fraud has been on the rise lately. Everyone from small business owners to employees is concerned about it, and for a good reason! Payroll fraud can lead to a reduction in revenue for your small business, as well as legal problems if you don't take steps to prevent it. In this article, we'll discuss how you can reduce potential payroll fraud by implementing specific strategies. What Is Payroll Fraud? Payroll fraud is a type of theft that is committed by a current or former employee of an organization, including both the public and private sectors. The crime involves misreporting the hours worked or outright fabrication of time in order to collect undeserved paychecks. Payroll fraud has many forms: Payroll padding ...
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