Small Business Tax Frauds (Completed)

When small businesses commit tax fraud they are usually trying to hide revenue and expense personal items as business expenses. In this course we will review the various ways small businesses commit tax fraud. We will discuss the red flags that could be indicative of tax fraud. Current cases from the news will be presented for discussion.

Who Should Attend
CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, CPAs, CMA, CIAs and risk management personnel.

Topics Covered

• Various ways small businesses commit tax fraud
• Red flags that could be indicative of tax fraud
• Types of Tax Fraud
• Tax Avoidance vs. Tax Evasion
• Common Income Tax Frauds
• Current cases from the news will be presented for discussion
• Failure to Pay Federal Excise Taxes
• Tools for Detecting Tax Frauds
• Internal Controls

Learning Objectives

• Identify common tax frauds committed by small businesses
• Recognize the various ways small businesses commit tax fraud

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
None

Advance Preparation
None