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APR 25, 2013 - Inc Magazine

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Beware of Your Payroll Service

Is your business using an external payroll company? If so, beware of potential tax fraud.Four out of 10 businesses on average outsource the management of their payrolls to payroll service firms, according to a report by the Washington-based National Small Business Association. But at least two dozen of mostly small payroll firms have allegedly pocketed money from their clients, the Wall Street Journal reported.An IRS tally based on public records showed that these payroll service firms together allegedly pocketed more than $300 million in taxes, according to The Journal. While the payroll ... Read More

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