All in Small Business Finances

One of the benefits of a small business is that your employees often feel like family. You work and “play” together and trust is frequently implied. But did you know that small businesses are more likely to be victims of internal fraud? According to a report by the Association of Fraud Examiners, “small businesses lose almost twice as much per scheme to occupational fraud. The median loss for a business with less than 100 employees is $200,000 and 42% of frauds are caused by lack of internal controls.”