PEO Fraud Is Bigger In Texas
Professional Employment Organizations (PEO) are a turnkey solution for many small businesses for payroll, workers’ compensation, health insurance and more. In this episode, Caleb and Greg discuss a story of PEOs not doing what they’re supposed to.
Oh My Fraud · Caleb Newquist
Audio is streamed directly from the publisher (op3.dev) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
A Word from Our Sponsors
Thank you to our sponsor, LiveFlow : To learn more about LiveFlow and how you can save 20% off your first 3 months go to https://ohmyfraud.promo/liveflow
Thank you to our sponsor, SoftLedger : Mention Oh My Fraud and get 25% off of your first 3 months, visit https://ohmyfraud.promo/softledger
Thank you to our sponsor, Patriot : to learn more and get a 30 day free trial visit https://ohmyfraud.promo/patriot
*Caleb here: Neither Greg and I are from Texas and clearly neither of us looked at a map of Texas before we recorded this podcast. Then you look at a map, and San Antonio isn’t really in west Texas. It’s more like south-central Texas. Apologies to west Texas. Or maybe to San Antonio? Either way, no one there is paying state income tax.
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
CONNECT WITH THE HOSTS
Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/
Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/
EMAIL : [email protected]
Sources :
Local employment firms accused in $66 million tax fraud [MySA]
Patrick Mire, 1/24/2011
Guilty plea in $70 million fraud case in S.A. [MySA]
Patrick Mire, 11/3/2011
Former executive indicted in $110 million tax fraud [MySA]
John Bean, 8/20/2012
Pircher guilty plea [DOJ]
11/21/2013
Kimes guilty plea [DOJ]
1/16/2014
Sentences for Bean, Mire, Solis, and Walker [DOJ]
2/21/2014
San Antonio Businessmen Sentenced to Federal Prison for Fraud and Tax Scheme Involving More Than $130 Million in Real-Dollar Losses [FBI] Pircher and Kimes sentencing, 4/15/2014
Ringleaders of $133M fraud headed to prison [SAEN]
Professional Employer Organization: Wikipedia.org
Ringleader guilty in S.A.’s largest ever fraud case: MYSA
Are you personally liable for your company’s payroll taxes?: Friedman LLP
Can the IRS pierce the corporate veil?: Dale S. Goldberg, CPA
Criminal Tax Manual [DOJ]