#fraud-prevention
Proactive strategies and controls to prevent financial fraud in your business
The FTC received 278,000+ debt collection complaints in 2025. Learn 7 red flags that signal a fake debt collector, how to verify legitimacy, your FDCPA rights, and what to do if you've been targeted — including specific protections for small business owners.
The Employee Retention Credit paid out $283 billion to U.S. businesses during COVID-19, but improper claims triggered 504 criminal investigations. This guide covers 2020 and 2021 eligibility rules, credit amounts up to $33,000 per employee, common audit triggers, and what to do if you received a disallowance notice.
IRS impersonation fraud cost Americans over $114 million between 2013 and 2025, with average victims losing more than $32,000. Learn the 9 warning signs of a fake IRS letter, what legitimate IRS notices look like, and the exact steps to take if you receive a suspicious letter.
A practical comparison of ACH payments, wire transfers, and paper checks for small businesses—covering costs, processing time, reversibility, and fraud risk, with clear guidance on when to use each method.
US cash receipts prove income for books and IRS audits — journal entries, common sources, and how to keep them organized.
Learn what forensic accounting is, when your business needs it, how forensic accountants investigate fraud, common red flags for embezzlement, and proactive steps to protect your small business from financial fraud.
Learn what petty cash is, how the imprest system works, step-by-step setup instructions, journal entries for establishing and replenishing the fund, reconciliation best practices, and internal controls to prevent fraud.
