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Signs a business may be cooking the books
The impulse to present things in a better light isn’t limited to personal photographs or online profiles. It can also be a sign of more than a subtle facelift to the numbers. Some business owners systematically cook the books for criminal...
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Managing the Ups and Downs of Seasonal Businesses
What do pumpkin patches, ski resorts, ice cream shops and accounting firms have in common? They're all seasonal businesses that experience a surge in revenues during their busy seasons that tapers off in the slow season. Seasonal peaks and troughs...
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IRS Reports a Significant Increase in Whistleblower Awards
The IRS Whistleblower Office is celebrating its 10-year anniversary this year. The office was created under the Tax Relief and Health Care Act of 2006 to oversee the IRS whistleblower program, which is a critical part of overall enforcement and...
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Brace Your Business for Disaster Scams
Few things in life are certain, but when disaster strikes, the number of fraud incidents will probably skyrocket. In the wake of a hurricane, tornado, flood, fire, earthquake or other unexpected catastrophe, fraudulent operators are always quick to...
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Investigate Zoning Laws Before Committing to a Location
Location, location, location. You know how important it is for your business. So when choosing a location, you probably research foot traffic, car traffic and the occupancy rates of the neighboring buildings. But if you don't research zoning laws,...
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Arbitration Agreements Save Headaches and Dollars
If an employee accuses your company of discrimination and takes you to court, the ensuing battle could take years and cost thousands of dollars. When it's all over, neither side may have much to show for it. How Arbitration Works Not all...
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Most shoplifting an impulse decision: Tips to prevent it
More than $35 million in merchandise is stolen every day in the United States by shoplifters. And shoplifters get away with it 48 times for every one time they’re caught. Who are these shoplifters – and why do they steal? It might...
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What improvements should be made before selling your business?
You’ve made the decision to sell. How can you get the most for your business? It probably won’t be by putting it on the market as is, unless you’re one of the fortunate few who sell at the lifecycle peak. Too many owners wait...
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Financial statement fraud - a rare but costly scheme
Although only 9 percent of occupational fraud cases involve financial statement fraud, organizations may find the financial impact of this fraud classification surprising and troubling. The median loss from financial statement fraud was $1...
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A Buy-Sell Agreement Can Protect Your Practice and Minimize Disputes
 In the wake of health care reform, you might find your practice inundated with new patients. With the extra workload, you might want to hire one or more physicians to help out. If so, and if these physicians intend to take an ownership share...
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