Business Entity Reporting Scam Alert

The Indiana Secretary of State Connie Lawson recently issued this scam alert for Hoosier businesses. Several businesses have reported receiving a deceptive letter that appears to come from an official government source. The letter solicits an annual fee of $125 and claims it will be used for record keeping and processing of a company’s annual [...]

Protecting the Elderly from Fraud

As your loved ones age, it’s important to take care of them physically, but it’s also important to help protect them from fraud. The risk of becoming a victim of fraud and abuse increases as one ages. Fraudsters, identity thieves and other criminals often target elders and the money they have saved for their retirement [...]

Nonprofits – Easy Targets for Fraud?

The nonprofit sector is a victim of $85 billion in estimated annual losses due to fraud. In fact, the nonprofit sector is often more susceptible to fraud and abuse than many for-profit organizations. Last year, the president of the Philadelphia Seaport Museum was imprisoned for diverting more than $3 million in funds to maintain a [...]

Foster Results Gets Recommendation from Senior Citizen Journal

We want to thank the Senior Citizen Journal, a blog dedicated to productive aging, for their mention and recommendation of our financial and bookkeeping services for seniors and those who have senior loved ones in need of financial management assistance in their article, “Online Service Offers Daily Help to Seniors”. The Senior Citizen Journal has [...]

Small Business Owners – Maximize Deductions and Jail Time

Tax season has just come to a close and there are probably some tax preparers out there enjoying their Caribbean getaway with all the cash they made. These preparers may have offered clients a bargain price on their returns and promised lots of tax savings. This can certainly sound tempting to a fledgling small business [...]

Not-For-Profits Need to Beware of Fraud

With all the good that charities do for people and the community, it’s easy to be trusting of the volunteers involved in the cause. However, sometimes good people can make bad decisions when presented with opportunity. Unfortunately fraud is all too common these days and can be easy to accomplish in an organization with few [...]

Another Good Reason to Outsource Your Bookkeeping

We recently came across a news article out of Lodi, California that clearly illustrates another good reason to outsource your accounting to a company that is insured for this kind of issue.

It seems that a Lodi bookkeeper was arrested and accused of embezzling more than $200,000 from a local glass company. The suspect, an employee of a bookkeeping firm that worked with the manufacturer of window and sliding glass door replacements for homes and businesses for more than a decade, had been embezzling money since 2005.

What to Look For and How to Protect Yourself and Your Family From Health Insurance Frauds

Medical Equipment Fraud: Equipment manufacturers offer “free” products to individuals. Insurers are then charged for products that were not needed and/or may not have been delivered. “Rolling Lab” Schemes: Unnecessary and sometimes fake tests are given to individuals at health clubs, retirement homes, or shopping malls and billed to insurance companies or Medicare. Services Not [...]

Senior Citizens Increasingly Scammed in Reverse Mortgage Deals, Even by Neighbors

The reverse mortgage program, designed by HUD to allow senior citizens to get cash for their home equity and then live payment free in their homes, has been popular with cash-strapped seniors. But, history teaches us that where senior citizens and cash are involved, scammers are not far behind. Two major fraud cases in recent [...]

From the Federal Bureau of Investigation: Scams – Why Should Senior Citizens be Concerned?

It has been the experience of the FBI that the elderly are targeted for fraud for several reasons: 1) Older American citizens are most likely to have a “nest egg,” own their home and/or have excellent credit all of which the con-man will try to tap into. The fraudster will focus his/her efforts on the [...]