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.
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*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.
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.
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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 : ohmyfraud@earmarkcpe.com
Sources :
Local employment firms accused in $66 million tax fraud [MySA]
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 support@earmarkcpe.com.
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 : ohmyfraud@earmarkcpe.com
Sources :
Local employment firms accused in $66 million tax fraud [MySA]
Patrick Mire, 1/24/2011
Patrick Mire, 11/3/2011
John Bean, 8/20/2012
Pircher guilty plea [DOJ]
11/21/2013
Kimes guilty plea [DOJ]
1/16/2014
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
Professional Employer Organization: Wikipedia.org
Can the IRS pierce the corporate veil?: Dale S. Goldberg, CPA
Criminal Tax Manual [DOJ]
Creators and Guests
Host
Caleb Newquist
Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.
