Interesting Facts On Fake Pay Stubs
Many people’s pay is unknown to tax authorities and social insurance bodies, etc. Such people receive their compensation tax-free. It is unfortunate that people who do this try every way possible to disguise illegal life with legitimacy. What they do not put in mind is the penalty they could get for using the fake pay stubs. Herein you will find more information on counterfeit pay stubs.
There are many reasons why people make fake pay stubs. Among they include disguising their pay to receive a certain amount of loan from lenders. Most lending institutions use the earnings of borrowers to determine whether they can pay the loan they apply for. Those whose pay records do not look good sometimes do everything that they can to disguise their pay. Their ignorance on the results of such actions is way over the top. A lot of trouble may come your way when you will be required to spend a reasonable time of your life in jail or compensate the state, vast sums of money or even both. That is why it is not worth it to craft a fake paystub.
People also create fake pay stubs to get benefits which they do not deserve. Insurance companies and government bodies are usually the victims when it comes to such fraudulent schemes. Refrain from committing such scams because you might dearly pay for it. Do not be a victim of exploitation by those who sell phony pay stubs. When the authorities’ catch-up with such unauthorized stab makers, you could be tracked down as a contributor to the scam. You could then spend the rest of your life paying for the scam.
At all costs, avoid hiring an accountant that will encourage you to participate in the fraud. Qualified accountants work on the principle of 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.
Your business is likely to suffer huge losses when you use fake pay stubs. 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. Also, you could be losing a lot of money on false accounting. When your employees notice that their pay stubs are fake, they might stop believing in you or even worse exploit you through blackmail and so on. For that reason you should only use legitimate paystubs.