Everything we know about the $35 million MyPayrollHR payroll fraud episode artwork

EPISODE · Sep 15, 2019 · 46 MIN

Everything we know about the $35 million MyPayrollHR payroll fraud

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsBQE CORE: http://cloudaccountingpodcast.promo/coreRewind: http://cloudaccountingpodcast.promo/rewindShow Notes03:22 – 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 TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

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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!

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Everything we know about the $35 million MyPayrollHR payroll fraud

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