Being an entrepreneur and running a company is a strenuous task, that too if everything goes smoothly. You need to be prepared for every possible situation that may arise and test you on your quick decision-making skills.
Every business owner has a fear of discovering a fraudulent activity, especially of finding out that they are being cheated by a trusted employee. But your money is for your business and you do not want to continue harboring a dishonest employee, particularly someone who can put you in trouble with the IRS.
Payroll fraud is real, and the top source of accounting theft in businesses. According to statistics provided by the Association of Certified Fraud Examiners (ACFE), 27 percent of all businesses face cases of payroll fraud and almost twice as much in small businesses than in large companies. Non-profit organizations are also not exempted from this criminal activity.