What Should You Do When Spotting Payroll Fraud with Your Payroll Services?

What Should You Do When Spotting Payroll Fraud with Your Payroll Services?

Payroll outsourcing is certainly a popular option for many business owners as they believe it’s a way to spot payroll fraud. Unfortunately, payroll fraud can occur at any given time and by any individual. Just because you are hiring a professional service it doesn’t guarantee you safety from fraud. Fraud is a major part of the business industry and it’s only going to get worse. Why is there such a problem with fraud? It’s easy to do if you know how to do it but what if you spot fraud with your payroll service?

Double Check and Get a Third-Party Individual to Look Over Payroll Records

When you believe fraud has occurred by your payroll service, it’s good to take a breath and not overreact as yet. There might very well have been some sort of payroll fraud committed but you need to not let anyone know as yet until you’ve gone over the fine details. If it’s possible, go over every piece of payroll information you know with a fine-tooth comb and, if you can, get someone in to review payroll records. A third-party member, not related to your business or have any relations with the payroll team, should be called in as they can potentially help confirm any fraud being committed.

What Should You Do When Spotting Payroll Fraud with Your Payroll Services?

Call the Police

Sometimes, it’s easy to hand the entire mess off to the authorities and allow them to conduct a thorough investigation and make any charges if necessary. Now, it might not be something you want to do right now but it can be so important to help recover any money lost and to prevent it from happening to another business. If you absolutely believe there’s been fraud committed or have proof to back up your claims, it’s time to go to the authorities or even consult a lawyer if you aren’t sure about talking to the police, click here for more about payroll fraud. Payroll outsourcing can’t always prevent you from being a victim of payroll fraud unfortunately.

Consult a Law Professional and Confront the Individuals Responsible for the Fraud

If you are just interested in recovering the money lost to you but aren’t ready for the police to take action, it’s good to talk to a lawyer and see what your move next might be. They might say to make a police report nonetheless but they could also help confront the payroll service responsible for the fraud. They could take steps to help recover the money such as launch a civil lawsuit. It’s hard to know how you should react in these situations but it’s good to keep your head and get some legal advice. It will help to make things less messy and potentially help recover the money too. Learn more about confronting misclassification and payroll fraud.

Take Action

You cannot let someone get away with payroll fraud. It is very unlikely you are the first victim and it’s more than unlikely you’ll be the last one either. If someone has been defrauding you of money then they won’t stop and you need to take action. It’s good to go down the legal route whether it’s to launch a civil lawsuit or contact police to file charges. This is important no matter who you are or how much you think you’ve lost. Payroll outsourcing can be a good channel to look towards but again, nothing can stop fraudsters if they want to target you, even if they are so-called professionals.