Fraud is a prominent and expensive problem

Employee theft was a prominent – and expensive – problem in 2011, but there are some noteworthy trends that can help you prevent similar loss within your organization. Marquet International Ltd. has studied white-collar crime in the United States for the past four years, and its most recent report –

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IRS to track all 1099s

Beginning this year, corporations must report on their corporate tax return if they are required to file Form 1099 and whether they have filed all that are necessary. The IRS added the following question to the 2011 return in order to better track the 1099s that are not being filed:

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Reminder: Ohio non-profits must register online

The Ohio charities and non-profits registration process has changed with the launch of the Online Charitable Registration System. The new system, which launched December 1, 2011, aims to eliminate the paper-based process of filing with the Ohio Attorney General. Moreover, the Online Charitable Registration System will increase transparency and accountability

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Increased disclosures for multi-employer plans

A new accounting standard will require employers to disclose more information about their contributions to multi-employer pension plans. It will be a significant change for employers and plan sponsors in heavily unionized industries such as construction. The new disclosures include: The amount of employer contributions made to each significant multi-employer

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Beware of fake IRS e-mails

If you receive an e-mail that claims to be from the IRS and asks you to provide personal and financial information, do not reply to the message, open any attachments or click any links. It is most likely a scam. Suspicious IRS E-mails The IRS receives thousands of reports each

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