When you find out the IRS plans to audit your California business, you may feel understandable anxiety and trepidation. When the IRS audits your company, it typically does so because it wants to verify that you reported all income your business earned and took only...
What to expect when the IRS audits you
Finding out the IRS plans to audit you may have you feeling anxious and ill at ease, but do your best not to panic. Most California residents who wind up being the subjects of audits participate in the audits completely by mail. Only a small percentage of taxpayers...
Why invoice reconciliation may assist in a fraud case
Realizing that authorities are looking into fraud in your workplace can be a frightening thought, particularly if they start asking you questions. Finding information that clears you of any wrongdoing may be crucial. One possibility is to go through records derived...
A criminal investigation and your financial assets
Allegations of white-collar crime can suspend your career and leave you uncertain about the future. You may feel concerned about the security of your financial assets in light of the evidence against you. When you have an idea of what could happen, you can start...
Keeping double books may risk tax evasion charges
Tax evasion is a serious crime that could land someone in prison along with heavy fines. Businesses may run afoul of tax laws in different ways, such as not reporting some assets to the IRS in order to avoid paying taxes. Some tax evaders accomplish this by keeping...
What is the difference between fraud and embezzlement?
Fraud and embezzlement are two different types of deceptive accounting practices. Each can have a detrimental effect on a company when it occurs. Both fraud and embezzlement involve an abuse of power. However, the specific effects of each are different. Fraud...
How do criminal and arrest records affect your job search?
A mistake you made resulted in white-collar crime charges. You still want to find a new job and take the next step in your career, but you may feel uncertain about how to navigate your criminal charges in interviews. For instance, what if the police only arrested you,...
Why is insider trading unhealthy for the market?
Everyone wants to indulge and trade in a healthy marketplace, no matter what type of wares it sells. This also applies to the stock market. In fact, health is of crucial importance in stock trades for various reasons. Because of the importance of its health, any...
What is a quid pro quo relationship?
If you have wealthy or powerful friends, you probably like to give them gifts or take them out to expensive meals as a gesture of friendship. However, sometimes individuals have self-seeking motives behind money or gifts if they give them to public officials. They are...
Why does white-collar crime happen?
Even though you may face charges of white-collar crime in California, you may not be the only person to blame. If your employer neglects to enforce compliance or encourages unorthodox methods to accomplish objectives, you may feel as though your behavior was nothing...