To continue with our Risk Management topic for the week, these tips discuss safety steps you can take before accepting a client as well as procedures and the capacity of your tax software. ..

We are continuing our Risk Management tips this week, which focus on common issues that businesses encounter when dealing with clients, NSFs, and cases of potential fraud. Today the primary focuses are ACH direct deposit payroll providers and the responsibilities your employees have that can increase the risk of fraud for your company.  ..

A Cachet and Payroll Tax Management (PTM) Remarketer recently alerted us to an incidence of attempted fraud. Fortunately, they had strong risk management procedures in place and were able to handle the situation without any financial restitution needed.  ..

With recent IRS legislation now holding third party processors personally accountable for remittance of clients’ payroll tax dollars, establishing and maintaining proper risk management policies is now more important than ever. For details, see our previous blog posts. ..