1. Intentional Misconduct (Fraud and Criminal Charges)

This is the most serious form of trouble, and it can lead to criminal prosecution, jail time, and massive fines. A bookkeeper is typically held liable when they engage in willful and intentional wrongdoing. Bookkeeping Services in Baltimore. 

• Embezzlement/Theft: If a bookkeeper steals money directly from a client by issuing unauthorized checks or transferring funds.

• Bookkeeping Fraud: Deliberately manipulating financial records to misrepresent the company's financial health, often for personal gain or to help the client commit tax evasion.