We often hear about cases of identity theft and consumer scams
where organisations have large sums stolen, which despite best
efforts, often remain unrecoverable. Another increasingly common
type of fraud, which can go unnoticed (and when discovered is often
quietly resolved internally without publicising the details), is
Employee Fraud.
Employee Fraud can have far-reaching negative consequences for
victim businesses, including on finances, reputation and staff
morale. What many clients don't often consider is the taxation
implications.
We answer below some common questions relating to Employee Fraud
and discuss the serious tax implications these incidents can have
on your business.
