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Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace
Cork
Ireland

T: +353 (0)21 4310266
E: pm@parfreymurphy.ie
E-Newsletter
June 2014
Our aim is to help our clients increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on  021 4310266 or email us at pm@parfreymurphy.ie if you wish to do business with us
Employee Fraud

By Noel Murphy

 

 

Unfortunately employee fraud is a fact of business life.

 

Besides threatening the financial viability of a company it can also lead to low morale and damage a company's reputation.

 

A recent report in the US indicated that an average business loses 5% of its revenues to fraud.

 

Bad apples can be employed by any company and their behaviour can spread if controls are not applied and effective action not undertaken when misappropriation is discovered.

 

In larger businesses payroll fraud can include having false employees and inflated overtime.

 

Credit card fraud can be as basic as using the company credit card to pay for personal expenses.

 

Purchasing fraud can involve setting up a false suppliers account and diverting goods for own usage.

 

Sales fraud may include inflating sales to achieve higher bonuses or sharing the excess charged with the customer.

 

It is advisable that strict controls be instituted in dealing with cash as this could be the initial source of temptation.

 

Fraud pointers are staff who appear to be living beyond their means, who may have financial difficulties, are unwilling to share duties or have an unusually close relationship with a customer or a supplier.

 

The most effective way to counteract misappropriation is to have an effective employee hotline as fellow employees may be the first to see that something is not quite right.

 

It is better to ensure that theft will not arise as the chances of a full financial recovery are extremely slim.

  
Gmail Hack Check
Seamus Parfrey

 By Seamus Parfrey  

 

 

 

Gmail users might be interested in the following advice which I came across recently.

  

 

Log on to your Gmail account on a desktop computer. Scroll all the way down to the bottom of the page and click Details.

 

[IMAGE]

 

This window should appear listing the last 10 times you logged in to your account from the Web or an app. At the top, click sign out all other sessions if you forget to log out from another location. At the bottom, open alert preferences.

[IMAGE]

 

If someone else is trying open your Gmail, this part of the service will let you know. Click "Show alert for unusual activity" to be notified of any intrusion in your account. If you see a suspicious IP address, quickly change your password.

[IMAGE]

 

DEADLINES AND REMINDERS
 

Deadline - 14 July 2014

PAYE/PRSI
  • P30 monthly return and payment for June 2014
  • P30 quarterly return and payment for April - June 2014
Deadline - 14 July 2014
DWT
  • Return and payment for June 2014   
Deadline - 19 July 2014
VAT

  • Bi monthly VAT3 return and payment for period May - June 2014
  • Bi annual VAT3 return and payment for period January - June 2014
Deadline - 23 July 2014
RCT
  • Return and payment for June 2014
  • Quarterly return and payment for period April - June 2014               

Deadline - 21 July 2014

Corporation Tax

  • Preliminary Tax for accounting periods ending between 1 - 31 August 2014
  • First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 January 2015
  • Returns for accounting periods ending between 1 - 31 October 2013
  • Pay balance of tax due on accounting periods ending between 1 - 31 October 2013
  • Returns of third party information for accounting periods ending between 1 - 31 October 2013
Where returns and payments are made electronically, the return and payment deadlines are the 23rd day of the month.
Parfrey Murphy
+353 (0)21 4310266
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