Episode 222: Didn’t Get a Chance to Clean Your VMF? Do These 3 Steps Before Distributing and Filing 1099-MISC/NECs to Avoid IRS Penalties

Ok – so I think what is going on now. The payment fraud that happened during the rush of year-end is starting to be found. I get the calls or emails – but the problem is – there is no tip or set of tips I can say on a phone call or in an email that will fix the problem – because the problem is bigger than that. So, on today’s episode is what I think every vendor team needs to do to prevent payment fraud.

Keep listening.

Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data.

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Links mentioned in the podcast:

• Webinar: 20 Tips in 20 Minutes: How Vendor Teams Can Avoid Business Email Compromise in 2023
• Webinar: How Vendor Teams Can Avoid Check Payment Fraud in 2023
• Webinar: The Evolution of Card and Payment Technologies
• Vendor Process ReDesign: Consulting 2-Week Project
• Vendor Setup Forms/Templates: Vendor Toolkit
• Vendor Process Training Center: Vendor Process Training Sessions – Live Online and On Demand. New Live Training Every Wednesday and Thursday.
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
• Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanup
• YouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw
• Prevent Fraudulent Payments. Get Your Own Copy of the 3 Step Vendor Setup and Maintenance Process eGuide. (Includes Authentication Reference Template and Vendor Validation Reference List)
• More Podcasts/Blogs/Webinars www.debrarrichardson.com
• More ideas? Email me at [email protected]
• Music Credit: www.purple-planet.com