Business expense fraudsters are burgling from the boardroom’s bottom line

Nick Ludlow With wide-ranging rules and limits often being enforced at the discretion of individual managers, these shades of grey are a growing problem for British businesses – hitting the bottom line, becoming a breeding ground for team resentment, and bringing the boardroom into disrepute.Read more: The taxman has unveiled the UK’s most outrageous expenses claimsWhat’s fair and what’s not?Employee expenses have grabbed the headlines recently – with even the Bank of England governor Mark Carney facing criticism over expense bills.But expenses aren’t just a problem for high-flying dealmakers – they affect almost everyone, right down to your latest entry-level hire.Any chief executives with the words “talent engagement” or “retention” in a recent board pack had better take a long, hard look at how their staff feel about covering company expenses on their own credit card. Research suggests that nearly a third of office workers have asked friends or family for cash while waiting for expenses to be reimbursed. Tuesday 4 September 2018 10:27 am Running a business costs money. That may sound simple – and in many ways, it is. From paying staff to keeping the lights on, some costs are all part of the never-ending challenge of running a business.But when it comes to employee expenses, things are rarely simple. Expense reimbursement fraud cuts into the bottom line, and drives up the cost of doing business as a result.Policy and proactivityHere’s the good news: there are a few simple things that can help ensure that your business doesn’t fall foul of expensive expense mistakes.First, get a policy in place. Set a clear and fair expense policy, free of vagueness. Ensure that all employees understand it, and offer managers additional training so that they act as guardians of the policy.Second, be proactive and look for red flags. A bill for a business flight or conference ticket, without any accompanying documentation like hotel or taxi receipts, should ring alarm bells.Next, issue company credit cards, or one of the various new prepaid corporate cards. Not only can you then define and manage spending rules, but they also help lock in an audit trail that includes date and spend data. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Matters More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Lastly, it’s 2018 – it’s time to go digital. A third of business travellers are still turning in paper receipts to claim expenses, despite the fact that the employees who rely on hard copies are more than twice as likely to commit fraud. So get systems and tools in place which make it easier for employees to claim the right amount, and easier for policy to be enforced.Read more: Business travellers lose £142 on every trip in unclaimed expenses Business expense fraudsters are burgling from the boardroom’s bottom line whatsapp But there’s a flip side too. When we asked more than 1,000 business travellers recently about their expenses, the results were staggering: one in five admitted to committing fraud. Even one in 10 chief executives and business owners said they’d done it.Over half of those who have committed fraud admitted to doing so on more than one occasion, and most alarming of all, more than one in 10 said they plan to continue doing it, because they don’t expect to be caught.What’s worse, committing expense fraud is easier than you may think. It’s often carried out by employees who aren’t inherently dishonest and don’t plan to defraud their employer of large amounts of money – instead, they’re committing small acts that they don’t even see as “fraud”. They do it because they don’t think anyone will notice.Over-claiming for expenses like restaurant tips and turning in receipts for refunded items are two of the most common expense offences.Ultimately, it still amounts to fraud – and it adds up. Employees reported adding an average of £225 per expense report – and if they get caught, they’re likely to get away with just a warning. Share read more

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Anderson-Agimuk resigns from aide position to focus on picking Fansler replacement

first_imgSouthcentral | State GovernmentAnderson-Agimuk resigns from aide position to focus on picking Fansler replacementFebruary 12, 2018 by Teresa Cotsirilos, KYUK-Bethel Share:Ben Anderson-Agimuk, 25, was selected to chair House District 38’s local Democratic Party on Tuesday. (Photo by Christine Trudeau/KYUK)Ben Anderson-Agimuk resigned from his position as a House District 38 legislative aide Thursday in order to dedicate more time to filling former Rep. Zach Fansler’s seat.Audio Playerhttp://media.aprn.org/2018/ann-20180209-03.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Anderson-Agimuk once worked closely with Fansler. Now, he’s overseeing the search for Fansler’s replacement after his old supervisor resigned following assault allegations.Yukon-Kuskokwim Delta Democrats selected Anderson-Agimuk to serve as their district’s chairman earlier this week, and he said he felt that it would be inappropriate for him to hold both positions at once.Anderson-Agimuk wants to dedicate more time to party matters, he said in an interview Thursday afternoon with KYUK. He wouldn’t be permitted to discuss his own party’s business during work hours at the Legislature.The new district chair’s first job is to help find nominees to fill the remainder of Fansler’s term.As part of that process, Anderson-Agimuk will pick a handful of local Democrats to serve on a selection committee that will evaluate potential candidates for the seat.There is not an actual application process for those interested in serving on the selection committee.Within the next three weeks, the committee will pick three potential candidates for Gov. Bill Walker’s review, though the governor might request additional nominations.He must select Fansler’s replacement by March 14.Share this story:last_img read more

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As LaoisToday celebrates its 2nd birthday we look back on the stories we had on site this day two years ago

first_img Twitter TAGS2017LaoisToday Twitter Community And just like that we are 2!!LaoisToday celebrates its second birthday today, our site having gone live this day two years ago – February 7, 2017.To mark the occasion we had a small gathering in Kelly Lou’s in Kealew Business Park – before having our official launch in the Midlands Park Hotel later that year in November. RELATED ARTICLESMORE FROM AUTHOR Facebook Pinterest As LaoisToday celebrates its 2nd birthday we look back on the stories we had on site this day two years ago Community Home We Are Laois As LaoisToday celebrates its 2nd birthday we look back on the stories… We Are Laois The RSVP Bride of the Year is a Laois womanA Laois girl from near Mountmellick won a prestigious prize. In Pictures: Stradbally GAA celebrate in styleIn 2016 Stradbally GAA denied Portlaoise from winning 10 Laois senior titles in a row in hugely dramatic circumstances. Their Dinner Dance was a hugely celebratory affairRaheen pull off giant-killing act after extra timeRaheen had a great season in 2016-2017 – this was one of their many great cup wins. Incidentally, the club don’t field a team any more.Zach Tuohy: ‘I want to play for Laois again’We’d all love to see thisNew baby and a busy business – hectic times for Heidi HigginsHeidi Higgins is a busy woman – and this time two years ago she was juggling her hectic business with being a new mum As we mark our 2nd birthday, we take a look back on some of the stories we had on site that day.At the time, we had 3,500 Facebook likes, something which has grown to over 21,000 two years down the road. Moment in Time: Ploughing in Ballylinan in 2008Alf Harvey’s archives always throw up a selection of great images. Our first Moment in Time was no different. Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ In Pictures: All the glamour from the Laois Hunt BallThere’s nothing like a Black Tie event – and the Laois Hunt Ball in the Abbeyleix Manor Hotel was a seriously stylish event.center_img Facebook By Steven Miller – 7th February 2019 Laois secondary school announces scholarship winners for new academic year ‘A test of character now’ says Laois boss CreedonThis time two years ago, the Laois footballers were coming off the back of a disappointing loss to Louth. Sound familiar? Laois manager at the time Peter Creedon gave his views on the heavy loss. 18 of the best pictures as Portlaoise and Portarlington do battle in Towns CupPortlaoise had beaten Portarlington in rugby’s Towns Cup just a couple of days before we went live. We had a selection of great images from Sportsfile. Emo GAA are building a stand – and a whole lot moreSerious plans in place in Emo GAASEE ALSO – Long-running family business celebrates 29 years on the go WhatsApp All Ireland final referee appointed manager of home clubAlan Hartnett reported on the appointment of former inter-county referee as manager of his native Courtwood club. Within two years they were intermediate champions. Pinterest Laois have a new Rose co-ordinator after Anne Marie steps asideThe first Laois Rose Anne Marie Bowe had also been one of the main organisers of the event in recent years in Laois. We had the story of her decision to step down20 things you’ll remember if you went to school in the Brigidine in MountrathA brilliant piece from a past pupil who asked to remain nameless! Robert Sheehan on his helicopter trip with Tom CruiseRobert Sheehan is one of Laois’s most successful exports. This story of his time hanging around with Tom Cruise is brilliant Previous articleOur guide to what’s on in Laois this weekendNext articleIn Pictures: Government Minister visits local recycling manufacturing company in Laois Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Council New Arles road opens but disquiet over who was invited to official opening WhatsApplast_img read more

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Richardson GMP refreshes brand

first_img Canaccord reports record revenues, drops proposal to acquire RF Capital Related news IE Staff Facebook LinkedIn Twitter Toronto-based wealth-management firm Richardson GMP Ltd. on Monday unveiled a refreshed brand that aligns with the firm’s growth strategy and approach to serving clients.The new look also provide a streamlined online presence and improved client access, the company says in a news release. TD getting new head of private wealth, financial planning Keywords Wealth management,  Investment dealersCompanies Richardson Wealth One in five Canadian investors plans to switch wealth providers: EY study “With the launch of our new brand, we have taken a progressive step towards reframing conversations around wealth — simplifying the growing complexity for wealthy Canadian families with a forward-thinking message: The next generation of wealth,” said Andrew Marsh, president and CEO of Richardson GMP. “Although the look and feel is completely new, we remain focused on putting our clients’ interests above anything else to offer wealth advice that is unbiased, independent and without conflicted interests.”The rebrand solidifies the firim’s network of partners dedicated solely to servicing the distinct wealth management needs of successful, entrepreneurial Canadians and their families. The firm’s holistic approach as an independently owned advisory firm offers specialized risk management and advice for business owners and professionals.“Our brand reflects the look and feel of how Richardson GMP is preparing itself for the future, and this long term vision is about where the conversation needs to go with our clients,” adds Marsh. Toronto Skyline at dusk, Ontario, Canada vichie81/123RF Share this article and your comments with peers on social medialast_img read more

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Manulife launches emerging markets ETF

first_imgstock market world economy abstract kentoh/123RF Ninepoint launches three ETFs on NEO Keywords ETFsCompanies Manulife Asset Management Related news Dimensional, a pioneer of multifactor investing, developed the index that this ETF is designed to track by using their time-tested multifactor approach and taking into account efficient implementation of this strategy into an index, using Dimensional’s proprietary Index MemoryTM technique, Manulife says in a news release.Also readInvesting in Emerging Markets“We believe that offering our investors a holistic suite of investment products ensures that they have access to an excellent value proposition,” says Bernard Letendre, head of wealth and asset management, Manulife Canada, in a statement.The new ETF features a management fee of 0.65%. Desjardins to close four ETFs BMO InvestorLine launches commission-free trading for ETFs Share this article and your comments with peers on social media Manulife Multifactor Emerging Markets Index ETF (MEME.B) has closed its initial offering of units and is now trading on the Toronto Stock Exchange, Manulife Investments, a division of Toronto-based Manulife Asset Management Ltd., announced Tuesday.The new multifactor ETF is subadvised by Dimensional Fund Advisors Canada ULC and DFA Australia Ltd. IE Staff Facebook LinkedIn Twitterlast_img read more

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FAIR Canada rejigs management, board

first_img The founder of investor advocacy group the Canadian Foundation for Advancement of Investor Rights (FAIR Canada) Ermanno Pascutto is returning to lead the organization he founded back in 2008.The Toronto-based group, which advocates for retail investor interests, has appointed Pascutto interim executive director, effective March 1, replacing Frank Allen, who stepped down in February. Facebook LinkedIn Twitter To step back in as interim executive director, Pascutto has resigned from his role as chair of FAIR Canada. In his place, the board has appointed its vice chairs, Ellen Roseman and Guy Lemoine, as co-chairs.Additionally, FAIR has appointed a veteran lawyer and industry executive, Douglas Walker, as senior policy counsel. It has also retained Line Deslandes as a policy consultant, and added independent investor advocate Larry Bates to its board.Walker was previously general counsel and head of compliance at Credit Suisse Canada. He was also chief compliance officer at BMO Capital Markets, and has had stints at the Toronto Stock Exchange (TSX) and at the Investment Dealers Association of Canada (IDA).Deslandes is a consultant with a background in securities industry compliance and regulation.Bates is now an independent investor advocate, author and consultant, after spending 35 years in banking in Canada and the U.K.The group is currently searching for a permanent executive director, and is seeking to renew its board.“FAIR Canada will continue its mission of being a leading national voice for investors in securities regulation. We will continue to advocate for the interests of investors and the integrity and fairness of the Canadian markets including making submissions to regulators, SROs and government,” Lemoine said in a statement. Ontario task force looks to boost industry competition Share this article and your comments with peers on social media Keywords Investor protectionCompanies FAIR Canada U.S. groups aim to blaze trail to T+1 settlement cycle Related news Business People Meeting Discussion in a boardroom concept rawpixel/123RF Biden’s pick for SEC flags trading-app gimmicks for scrutiny James Langton last_img read more

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Police Commissioner to Meet with Jamaicans in South Florida

first_imgRelatedPolice Commissioner to Meet with Jamaicans in South Florida Police Commissioner to Meet with Jamaicans in South Florida UncategorizedJune 11, 2007 Advertisements RelatedPolice Commissioner to Meet with Jamaicans in South Floridacenter_img FacebookTwitterWhatsAppEmail Commissioner of Police, Lucius Thomas, is expected to meet with Jamaicans in South Florida on Friday (June 15) at a town hall meeting slated for the Miramar City Hall at 6:00 p.m.At the meeting, he will speak on crime and violence in Jamaica, and current plans in place to alleviate the problem, including intensifying law enforcement efforts, and working closely with international partners in Canada, the United Kingdom and the United States.While in Florida, Commissioner Thomas will be the guest speaker at the annual fundraising and scholarship awards banquet of the Jamaica Ex-Police Association, Florida Chapter, to be held on June 16 at the Hilton Airport Hotel in Dania.Members of the Association recently completed refurbishing and renovation of the Richmond Hill Police Station in St. Mary at a cost of US$3,000. The scope of work included painting, plumbing, masonry and carpentry as well as installation of new equipment.This is the fourth annual restoration effort to be undertaken by the Association, with stations at Four Paths, Clarendon; Lucea, Hanover, and Ocho Rios, St. Ann having benefited from upgrading. RelatedPolice Commissioner to Meet with Jamaicans in South Floridalast_img read more

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Schools Will Receive Nutrition Support On Time – Holness

first_imgRelatedSchools Will Receive Nutrition Support On Time – Holness RelatedSchools Will Receive Nutrition Support On Time – Holness FacebookTwitterWhatsAppEmail Minister of Education, Andrew Holness has said that schools, in the future, would receive funds for nutrition programmes on time.He gave the assurance at a press conference held at the Ministry yesterday (Feb. 26), to address concerns that have arisen regarding late payments for the school feeding programme, as well as allocations under the Programme of Advancement through Health and Education (PATH).According to the Minister, late allocation of funds from the Ministry of Finance and the Public Service, as well as incorrect banking information from some 200 institutions, had delayed the disbursement of feeding grants to schools.He explained that formerly, cheques were drawn and sent through the regional offices to the schools, but this year, an online banking system was utilised for the first time to facilitate direct deposits to the bank accounts of the schools, which also contributed to the delay.He noted however that no school was inconvenienced for more than three or four days. “There is a band in which we normally make the grants, and that band can fluctuate from within a week to as much as three weeks. This time, we were at the extreme end of the band, and so some schools were affected,” Minister Holness said.In addition, he informed that some institutions, with approval from the Ministry, had diverted funds from other activities to provide nutrition support, until the money was received. “That has been the standard practice and many schools have done so. I want to congratulate those schools that have taken the initiative to do that, because that is how we expect our principals to manage their situations,” he stated.In the meantime, Mr. Holness said that the Ministry as of today (Feb. 27) would be sending out instructions to principals, to “not necessarily give directives, but give guidance as to how they should manage their nutrition support programmes, being more mindful of the sensibilities and the Government’s thrust towards an inclusive education system.” Schools Will Receive Nutrition Support On Time – Holness EducationFebruary 28, 2009center_img RelatedSchools Will Receive Nutrition Support On Time – Holness Advertisementslast_img read more

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Bayside Garage Sale Trail online this weekend

first_imgBayside Garage Sale Trail online this weekend The Garage Sale Trail is coming to Bayside this Saturday 21 and Sunday 22 November. This year’s event is all about helping you declutter, make or save some money, and reduce waste to landfill.With new ways to be involved online, this year you can participate in Garage Sale Trail no matter what restrictions are in place.Household garage sales on private residential property are not currently permitted under Victorian State Government COVID-19 restrictions. Other forms of garage sales such as those held by local businesses, markets or community groups that are not hosted on residential property are still allowed within relevant public gathering limits.Shoppers can tune in to virtual garage sales happening online all over the country and grab the perfect bargain.Please follow DHHS regarding staying COVID-safe: https://www.dhhs.vic.gov.au/coronavirusPut second hand first and register your virtual sale today: https://www.garagesaletrail.com.au/bayside-city-council /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Bayside, Bayside City Council, community, coronavirus, covid-19, Government, Internet, local council, money, online, property, sale, sales, Victorialast_img read more

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Adelaide centre stage for sport, entertainment and conventions as new world-class Arena announced for Riverbank

first_imgAdelaide centre stage for sport, entertainment and conventions as new world-class Arena announced for Riverbank A re-elected Marshall Liberal Government will build a new 15,000-person multipurpose indoor arena in the Adelaide Riverbank precinct.The new arena proposal has been developed by the Adelaide Venue Management Corporation and has undergone preliminary assessment by Infrastructure South Australia.Announced today by Premier Steven Marshall, the arena is to be built immediately west of the Morphett Street Bridge and will cost approximately $700 million. Final costs will be released later in 2021 after further consultation and technical work.“This project will create jobs for South Australians and help cement Adelaide as one of the most liveable cities in the world,” said Premier Steven Marshall.“Our investment will take recent government and private investment in entertainment and convention infrastructure along Adelaide’s riverbank precinct to more than $2 billion.”The new arena, which will replace the Adelaide Entertainment Centre, will be capable of hosting concerts, conventions and court sports – including basketball, netball and tennis.Sport and entertainment events in South Australia are currently limited by the capacity of the Adelaide Entertainment Centre and its location. The Adelaide Entertainment Centre currently has a total capacity of 11,300, with only 9,600 for basketball and netball. The new arena will seat 15,000 for all events.An underground tunnel below Morphett Street will provide a direct link with the Adelaide Convention Centre and increase exhibition space by 5,600sqm.This is a significant new element to the project which is different to previous proposals. This significant increase in exhibition space will allow SA to compete for major international conferences and events that we can’t currently bid for.Construction of the arena will commence when major works for the new Women’s and Children’s Hospital is estimated to conclude in 2025. Once final costings are determined later this year, funding will commence in 2023 on planning and preparation for construction.This timing will provide certainty and stability to the South Australian construction sector. /Public News. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Adelaide, Adelaide River, AusPol, Australia, Australian, basketball, children, Entertainment, Exhibition, Government, hospital, infrastructure, Investment, project, SA, SA Government, South Australia, womenlast_img read more

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