Unemployment Benefits Fraud

by | Nov 12, 2020 | Short & to the point.

Unemployment Benefits Fraud

Identity theft is an ongoing and increasing problem.  It seems that no matter how many steps we take to protect our identities, fraudsters can be one step ahead of us.  A new wrinkle is fraudulent unemployment benefit claims.  In this scenario, a fraudster will file a claim with the state unemployment office, on line, and the goal is to receive monies before it is caught.  The issue is because of COVID 19, many states are paying out benefits before they validate the claim and the employment status.

It is very important for ALL employers to be vigilant in following up on these claims and to do so as quickly as possible.  The impact on the individual is far more reaching than on the employer as it can have tax impact and prevent the individual from receiving actual claim. It is important for you to notify the individual that their identity has been stolen quickly which will allow them to work with you and the employment office.

Additionally, it will also let the individual become aware of an identity theft issue they may not have known about.  The Identity Theft Resource Center www.idtheftcenter.org  provides advice and resources to victims of identity theft.  If you have any questions please give us a call and we can help.

Updated Lease Accounting Guidance to Go into Effect Soon!

Updated Lease Accounting Guidance to Go into Effect Soon!

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