EP410: Hubert Johnson - The Cost Of Fraud & How To Prevent It

“If someone is asking for immediate payment, that’s a
huge red flag. Telling you to 'go to your bank, buy a gift
card’ or any kind of payment outside of the ordinary, be very,
very weary. When it comes to taxes, you can always walk into an
IRS office or state office. Go to the source.”


-Hubert Johnson


 


Fraud is one of the biggest problems facing business owners. It
is hard enough to keep up with all the changes in compliance law,
that when we are then faced with identity or money fraud, it can
seem an insurmountable problem. 


 


But as with most things, these issues will only hit us hard if we
don’t prepare for them or ignore them and hope they will go away.
Education is the key to prevention, whether we do it one-to-one,
or build community groups, sharing knowledge is the surest way to
prevent more people falling into the trap of fraud.


 


Hubert Johnson, tax attorney and owner of Guardian Tax Law, is
this week's featured guest. He has spent his career helping
thousands of clients and businesses find resolutions and peace of
mind when dealing with tax issues. In this episode, Hubert and
Michael explore the concerning rise of fraud, how to protect
yourself, and the value of working together to face the
challenges of the future. 


 


The cost of cleaning up a problem is often far more than the cost
of making sure the problem never occurs. If you want to defend
yourself against fraud but aren’t sure where to begin, this is
the episode to get you started. 


 


During this interview, you'll learn...



How to protect ourselves from ever-increasing
fraud 


The value of keeping up to date with compliance
changes 


The importance of community in facing the challenges of
fraud 



To find out more about Hubert, click here.


 


Connect with him on LinkedIn.


 


Time Stamps


 


01:46 - Hubert discusses his career journey 


02:42 - Protecting ourselves from identity fraud 


08:59 - Spotting the scam 


18:45 - The power of community in overcoming fraud 


20:28 - Understanding changes to tax rules 


26:52 - Getting payroll right 


31:33 - Investing in business protection  


38:17 - Learning more about Hubert