We've got an important update to help keep your business safe from scammers. Recently, Saint & Co Chartered Accountants raised the alarm about a convincing scam letter demanding payments for a fictitious service called 'Enhanced Web Filing Access' from Companies House. Let’s break it down.
The Scam
Businesses in Cumbria received letters supposedly from Companies House, demanding £48 within seven days. The letters used official letterheads, addresses, and contact details to appear legitimate. However, keen-eyed recipients noticed a few red flags:
- Non-existent service: 'Enhanced Web Filing Access' is not a real service.
- Spelling errors: Words like 'deatails' and incorrect use of 'u' instead of 'you'.
- Payment anomalies: Payment requests shifted from Companies House to HMRC on the second page.
How to Protect Your Business
- Verify before you pay: Always double-check any payment requests with a trusted source.
- Look for inconsistencies: Spelling mistakes and sudden changes in payment details are major red flags.
- Consult professionals: If in doubt, run any suspicious correspondence by your accountant or legal advisor.
Saint & Co's managing partner, Lindsay Farrer, highlighted the importance of vigilance. Even small amounts like £48 can seem legitimate, making it easier for scammers to trick you.
Regulator-Validated Practices
- Inspect invoices thoroughly before making payments.
- Educate your employees about common scam tactics and ensure they know to verify any unusual requests.
- Limit authority: Only a small number of trusted employees should have the authority to approve payments.
Remember, if something feels off, it probably is. Stay informed and protect your business from these deceitful practices.
Stay safe, everyone! Share this post to spread awareness and keep our business community secure.
To read more, find original article here