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DIRECT DEPOSIT FRAUD: WHAT IT IS AND HOW TO PREPARE AGAINST IT   

What is Direct Deposit fraud? Sometimes referred to as “payroll diversion fraud”, direct deposit fraud is when an employee’s direct deposit account is updated illegitimately by a villainous party/scammer.Most often occurs when a scammer uses social engineering tactics…

SIX MISCONCEPTIONS ABOUT EMPLOYEE RETENTION CREDIT ELIGIBILITY

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act’s employee retention credit in just 12 days with no contemporary legislative history. The IRS has not and will not issue formal regulatory guidance, leaving some gray areas and…

401(K) OR NJ SECURE CHOICE SAVINGS PROGRAM? WHICH IS BEST FOR YOU?

As a New Jersey business owner that has 25 or more employees and been in business for at least two years, you will soon be required to offer your employees a retirement savings solution or be subject to penalties. Have you established a plan yet? If not, PayDay…