Interesting Facts On Fake Pay Stubs
A lot of people’s pay is usually hidden from the tax authorities and other relevant organizations. The amount of cash they receive as pay is usually not taxed. Unfortunately, in most cases people commit such fraud to look for ways to cover up the illegitimate with legitimacy by using fake pay stubs. The intensity of the consequences they might have to face if the authorities catch up with them does not occur to them at that moment. In this article you will see details about counterfeit pay stubs.
There are many reasons why people make fake pay stubs. Some of the reasons involve securing credit from creditors. Creditors usually look for justifications on your ability to pay back the loan by looking at your pay records. This reason motivates people to manage their earnings so that they get the loan approval. Their ignorance on the results of such actions is way over the top. Trying to defraud an organization could attract serious legal problems where you will be required to pay massive amounts of fines and even go to jail for a considerable time. That is why it is not worth it to craft a fake paystub.
The other reason why people create fake paystub is to receive privileges which are not due to them. You will find that using such scams on government bodies and insurance companies. The legal risks involved here are typically substantial and should be enough to scare you from going on with your plans. Trying to avoid being lured into buying or making fake paystubs in every way that you can so that you may prevent the severe consequences. When the authorities’ catch-up with such unauthorized stab makers, you could be tracked down as a contributor to the scam. What you would have to pay afterward is a lot more than what you would have lost without the fake pay stub.
Do away with your accountant who recommends that you use fake pay stubs. Excellent accountant is one who walks with honesty and integrity. Ethical accountants, we wanted to do things the correct way. The accountant should advise you on the best way of paying your employees.
Frank paystubs are bad for your business. You may have to spend vast sums of cash in a legal case which you would not have to if you avoid phony pay stubs. It is also possible that you will lose a significant amount in the process of managing records. You as an employer may also forfeit the trust of your employees when they finally understand that the paystub’s you give them are usually fake and more so they may take advantage of you because of the legal consequences involved. For that reason you should only use legitimate paystubs.