Payroll fraud is a common problem that affects businesses of all sizes. Ghost employee payroll fraud is one of the most pernicious variants, causing significant financial losses, and often going unnoticed for months. Ghost employee payroll fraud occurs when a non-existent employee is added to the payroll system. The fraudster collects the paychecks made out to the non-existent employee. In the sections below, we will discuss five tips that can help business owners detect and prevent this costly form of payroll fraud.
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