Monday, November 9, 2009

In what ways in can fraud occur in business?(easy 10 points)? -

In what ways in can fraud occur in business?

Not declaring work paid for, in order to avoid tax.Inventing invoices in order to falsely represent the turnover and therefore qualify for extra bank investment.Paying cash to contractors so that they don t have to pay tax.Putting personal receipts through a business account in order to increase your outlay on materials or to claim back extra vat.Charging for work that was never carried out.There are hundreds of different ways to commit fraud in business.

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