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COVID-19 Updates & Resources
We are Here to Help you Navigate Through the COVID-19 Pandemic
The spread of COVID-19 has caused confusion, uncertainty and insecurity for just about every company throughout the United States and across the globe. Holbrook & Manter is here to help you navigate through these troubled times with up-to-date accounting resources, useful online tools and simplified explanations that tell you exactly what these government-issued updates mean for you, your business and your employees.
Helpful Resources and Websites:
…An estate plan benefits you and your family
Who needs an estate plan? The answer isn’t only the affluent; it’s everyone. While gift and estate tax liability isn’t an issue for most folks, most families can benefit from a comprehensive plan that divides their wealth, protects their well-being and provides a compass for the future.
Asset distribution
Estate planning is often associated with the division of assets, and this is certainly a key component. It’s typically accomplished, for the most part, by drafting a will, which is the foundation of an estate plan.
With a valid will, you determine who gets what, where, when and how. It can…
What to do in the event of fraudulent attempts to gain access to unemployment funds
By Chandra Reau, Staff Accountant
This is an important matter we want you to be aware of. In recent days, we have seen several fraudulent attempts to gain access to unemployment funds. We know state unemployment agencies have been overwhelmed throughout much of this year. We also recognize the challenges employers have faced. You may be tempted to push requests for separation information through without reviewing much of the details. Please be aware this may cost your company a higher rate on your unemployment, not to mention fraudulent funds being allocated to…
Protecting your business from an “inside job”
Have you ever read a media account about a dishonest employee accused of fraud at another business and thought, “I hope that never happens here”? One of the best ways to mitigate employee fraud and embezzlement at your business is to implement a system of strong internal controls.
The basics
Strong internal controls start with accurate, timely financial information. All financial transactions — including sales, invoice payments, orders and cash receipts — should be posted daily by your accountant. This will make it easier to detect fraudulent activity early and take steps to stop fraud in its tracks before too…