Everything we know about the $35 million MyPayrollHR payroll fraud

September 14, 2019 / 46:19/E112

This week in accounting & bookkeeping news, we've got continuing coverage on the mind-boggling $35 million MyPayrollHR fraud. In other news, QuickBooks Live is trying out volume-based pricing, Gusto has a pretty sweet work environment, complete with construction equipment, and California is shaking up the gig economy with some new legislation that could potentially impact cloud-accounting firms down the road. We also share some thoughts and opinions on #ThoughtLeader & #Influencer leaderboards, read through some new reviews, and more!

Show Notes

03:22 – MyPayrollHR's simplistic sayonara | Krebs on Security
05:40 – Some questions, some blame, a whole lotta wrath | SearchHRSoftware
07:28 – Governor Cuomo's statement | NYDFS
09:06 – Will the real Michael Mann please stand up? | TimesUnion
10:32 – a brief primer on how a payroll service processes a payroll
12:03 – Bait and switch ... MyPayrollHR redirected employer funds from the holding account to one of their internal accounts
16:02 – Really, Cachet? You're the ONLY victim?
17:05 – Apparently, Cachet needs bigger, louder, more neon-y warning signs when things are going awry with clients
19:21 – The FBI wants your intel, if you know anything about the MyPayrollHR situation.
20:58 – Breaking up isn’t hard to do when you do it with email, right?
23:17 – Payroll company using fraudulent means to report on fraudulent activities of another payroll company? Probably not the brightest bulb in the lamp ...
25:10 – Earlier this year, Key Bank was at the center of another payroll provider debacle | Albany Business Review
29:20 – Stop back next week for the latest intel on the ongoing MyPayrollHR melee!
29:37 – QuickBooks Live test-drives a new pricing tier based on the user's annual expenses | Firm of the Future
31:57 – Congratulations to Gusto for having cool workplace digs! | Inc.com
32:46 – More on Clio's astronomical $250 million raise, straight from the CEO's mouth | LawSites
33:19 – Visor, the tax-prep company we talked about in Episode 70, is still incognito
34:21 – Will California set precedent with AB-5 and shake up the gig economy? | CalMatters
37:43 – Has anyone bothered to ask Cali gig workers whether they WANT to become part-time employees vs contractors?
38:37 – David sees this legislation as just another part of the innovation lifecycle running its course
40:40 – Madeline Pratt serves up some thought food on the shelf life of influencers | Fearless in Training
41:25 – As David promised, an assortment of links from LinkedIn, and a sampling of leaderboard-y goodness? from AccountingWEB:

https://www.linkedin.com/feed/update/urn:li:activity:6577777378490109952
https://www.linkedin.com/feed/update/urn:li:activity:6577554625778581504
https://www.linkedin.com/feed/update/urn:li:activity:6575309489593954304

42:43 – Are influencers operating in an echo chamber?
45:49 – Last, but definitely not least, we got some new reviews in!
46:45 – Hear Blake's best interpretation of a smooth voice ...
47:12 – We did make a list! Thanks to all our listeners, and reviewers for making it happen!

Get in Touch

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